He said the labour market could be “hollowed out” as technological advances enabled companies to automate administrative, clerical and production tasks. “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,” Carney said. However, other experts note similar dire predictions were made during previous periods of technological upheaval. Millions of manufacturing jobs have been lost to automation in factories, yet employment currently stands at a record 74.6%.

http://www.thetimes.co.uk/article/60b65554-fb97-11e6-9dc5-37f1a3db17e6