Mark Carney, governor of the Bank of England, has warned of the impact that technological advances, including robots potentially replacing up to 15 million jobs, could have on the least well off in society.
In a wide-ranging lecture given at Liverpool John Moores University Carney urged policy makers to tackle the causes of isolation that are leading to people becoming disillusioned with globalisation.
Carney said: “Economists haven’t been upfront about the distributional conflicts of rapid changes in technology and globalisation… While world trade makes countries as a whole better off it doesn’t raise all boats.”
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