Carney: People may not be able to retire because of longer working lives

Carney: People may not be able to retire because of longer working lives

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 10th of UK posts and 15% in Ireland, Mr Carney told an audience at the Central Bank in Dublin. Mark Carney addressed an audience at the Central Bank in Dublin (Niall Carson/PA) He said: “Unlike in the previous industrial revolutions, the more rapid pace of adjustment and longer working […]

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