TZUTC: -0500
MSGID: 1859.consprcy@1:2320/105 2dabfa1d
PID: Synchronet 3.21a-Linux master/123f2d28a Jul 12 2025 GCC 12.2.0
TID: SBBSecho 3.28-Linux master/123f2d28a Jul 12 2025 GCC 12.2.0
BBSID: CAPCITY2
CHRS: ASCII 1
FORMAT: flowed
AI is likely to replace jobs, Bank of England governor warns

Date:
Fri, 19 Dec 2025 16:50:00 +0000

Description:
Bank of England Governor warns that AI could replace some entry-level jobs,
making it hard for younger workers to find jobs.

FULL STORY

Bank of England Governor Andrew Bailey has likened artificial intelligence to
the Industrial Revolution, suggesting the productivity-aiding tech could
indeed force people out of certain roles. 

However key to Bailey's proposition is that AI wouldn't necessarily lead to
mass unemployment, we're just in the midst of one of the biggest shifts in
human history. 

As such, the governor highlighted the need for upskilling and retraining,
noting that workers with the right training, education and skills will find 
it "a lot easier" to find employment in an AI-first era.

What does AI mean for future jobs?

Bailey did admit that some workers may find it harder than others. With AI
capable of handling many repetitive and administrative tasks autonomously, he
warned that younger and less experienced workers may struggle to access
entry-level roles, indicating that the bar for entry could move higher. 

The BBC reported that youth unemployment in the UK is already on the rise, at
5.1% per the most recent quarterly data. The Office for National Statistics
found that unemployment among 18-to-24-year-olds is at the highest level 
since November 2022, which is when ChatGPT launched in public preview and AI
really started to go mainstream. 

"In terms of its potential to improve productivity growth, I think it's 
pretty substantial," he said on BBC Radio 4s Today program about the tech's
effects on the UK. "It will get used across the economy." The Bank of England
is already implementing artificial intelligence, however it's still in an
experimental phase. 

Separately, the Bank of England is also keeping an eye on whether AI firm
valuations risk a bubble similar to the Dotcom era. But for now, many large
firms are still generating strong enough cashflow to subside these worries. 

"We're watching it very closely, because we do need to watch, obviously, what
the consequences of any sharp unwinding could be," he added. 

======================================================================
Link to news story:
https://www.techradar.com/pro/ai-is-likely-to-replace-jobs-bank-of-england-gov
ernor-warns

$$
--- SBBSecho 3.28-Linux
 * Origin: Capitol City Online (1:2320/105)
SEEN-BY: 105/81 106/201 128/187 129/14 305 153/7715 154/110 218/700
SEEN-BY: 226/30 227/114 229/110 134 206 300 307 317 400 426 428 470
SEEN-BY: 229/664 700 705 266/512 291/111 320/219 322/757 342/200 396/45
SEEN-BY: 460/58 633/280 712/848 902/26 2320/0 105 304 3634/12 5075/35
PATH: 2320/105 229/426