Longer working lives could end retirement hopes, claims Carney

Longer working lives could end retirement hopes, claims Carney

Warnings: Mark Carney People may not have the option of retiring because of longer working lives, the Bank of England governor has warned.

Rapid and seismic change is likely to lead in the interim to unemployment, dislocation and rising inequality, Mark Carney added.

Increasing automation of jobs represents a Fourth Industrial Revolution which threatens a tenth of UK posts and 15% in Ireland, Mr Carney told an audience at the Republic’s Central Bank in Dublin.He said: "Unlike in the previous industrial revolutions, the more rapid pace of adjustment and longer working lives means workers may not have the option of retiring."This […]

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