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Mark Carney warns robots taking jobs could lead to rise of Marxism | The Independent

Mass unemployment, wage stagnation and growth of communism could come from technological advances

Mass job losses caused by advancing technology could lead to a rise of Marxism, the governor of the Bank of England has warned.

Mark Carney said the automation of millions of jobs could lead to mass unemployment, wage stagnation and the growth of communism within a generation.

He warned “Marx and Engels may again become relevant.”

Speaking at the Canada Growth Summit, Mr Carney said increases in artificial intelligence, big data and high-tech machines could create huge inequalities between the high-skilled workers who benefit from the advances and those who are sidelined by them.

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Sorgente: Mark Carney warns robots taking jobs could lead to rise of Marxism | The Independent

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