Artificial intelligence can adversely affect the labor market, according to the Bank of England

Chief Economist of the Bank of England Andy Haldane believes that the use of artificial intelligence technologies can lead to massive unemployment in the UK, the Financial Times writes. Haldane notes that the country needs to take into account the consequences of the industrial revolution of the 18-19th centuries and the spread of computers in the 20th century, which had a painful and lasting impact on the labor market. According to him, it is necessary to engage in professional retraining of employees and develop social programs to mitigate the consequences of technological changes.

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