MARK Carney has warned that robots could force 15million hard-working Britons out of a job.

PUBLISHED:  Tue, Dec 6, 2016
The Bank of England governor claimed technological advances could “hollow out” certain sectors in the job market – leaving a large segment of the British population without jobs.

The 51-year-old Canadian economist added workers in administrative, clerical and production jobs would be most threatened by machines.

Mark Carney and a robot

GETTY Mark Carney claimed 15million Britons could lose their jobs

The 15million figure represents almost half of the 31.8million workforce of Britain which Carney claims could be replaced by robots.

Carney said: “The fundamental challenge is, alongside its great benefits, every technological revolution mercilessly destroys jobs and livelihoods – and therefore identities – well before the new ones emerge.

“This was true of the eclipse of agriculture and cottage industry by the industrial revolution, the displacement of manufacturing by the service economy, and now the hollowing out of many of those middle-class services jobs.”

 

Mark Carney talking at Liverpool John Moores University

GETTY Carney was talking at Liverpool John Moores University

His frightening warning came during a speech at Liverpool John Moores University yesterday, where he argued British workers had suffered “the first lost decade since the 1860s” as living standards and real-term wages stagnated.

He said: “Real wages are below where they were a decade ago – something that no one alive today has experienced before.”

The banking bigwig, who earns a whooping £874,000-a-year from his Bank of England job alone, also warned of the dangers of globalisation that had left workers dejected about the changes they had seen.

Bank of EnglandGETTY

Mark Carney earns £874,000 a year in his role with the Bank of England

He added: “Globalisation is associated with low wages, insecure employment, stateless corporations and striking inequalities.”

“The combination of open markets and technology means that… a globalised world amplifies the rewards of the superstar and the lucky.

“Now may be the time of the famous or fortunate, but what of the frustrated and frightened?”

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