AI will not be a mass destroyer of jobs, says U.K. central bank chief: ‘I’m an economic historian. Economies adapt’

AI will not be a mass destroyer of jobs, says U.K. central bank chief: ‘I’m an economic historian. Economies adapt’

Hollie Adams—Bloomberg via Getty Images It’s hard to escape the doomsday predictions about AI as it continues to stretch unabated into every industry. One central banking chief, though, is using his penchant for economic history to cut a comparatively optimistic figure on the state of the jobs market in a post-AI world.

In an interview with the BBC , Bank of England (BOE) governor Andrew Bailey said he didn’t think AI would be a destroyer of jobs in the ways predicted by the likes of Elon Musk .

“I’m an economic historian, before I became a central banker,” Bailey said.“Economies adapt, […]

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