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Subject Britain faces social unrest as swathes of people are set to lose their jobs in robot revolution, Bank of England's chief economist warns

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Original Message Andy Haldane said the so-called Fourth Industrial Revolution will see 'the machine replacing humans doing thinking things'. He cautioned that the 'dark side' of the change could be disruption on a much bigger scale than in Victorian times..

The previous industrial revolutions had a 'wrenching and lengthy impact on the jobs market, on the lives and livelihoods of large swathes of society', Mr Haldane said.

'Jobs were effectively taken by machines of various types, there was a hollowing out of the jobs market, and that left a lot of people for a lengthy period out of work and struggling to make a living,' he added.. 'That hollowing out is going to be potentially on a much greater scale in the future, when we have machines both thinking and doing - replacing both the cognitive and the technical skills of humans.' ..

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