Chris Ratcliffe | Bloomberg via Getty Images
Andrew Haldane, the Bank of England’s Chief Economist and Executive Director, Monetary Analysis & Statistics
The Bank of England’s Chief Economist Andy Haldane warned on Monday that the rise of artificial intelligence (AI) threatens to replace a huge number of jobs.
Haldane said that the so-called Fourth Industrial Revolution — a digitally-driven paradigm shift similar to previous industrial revolutions in the West — had the potential to displace numerous jobs and leave people “technologically unemployed.”
“Each of those [industrial revolutions] had a wrenching and lengthy impact on the…