Whole industries will be wiped out by new technology, warns Bank of England’s Mark Carney

From the Publisher – Earlier today we posted another story detailing layoffs of over 8,000 BofA employees resulting from new banking technologies.  Again, now is the time to address worker displacement.  Clearly industry insiders see it’s coming.

“Many of the jobs and industries we are now familiar with “will be gone tomorrow”, Mark Carney, the Bank of England Governor, has warned.

The rising speed of technological change threatens to make it difficult to choose a career, and for young people to plan their lives, he said on Tuesday.

During a commencement speech at the University of Alberta in Edmonton, Canada, the Governor said: “It is entirely unrealistic to map out the decades ahead.”

Full Article From Telegraph.co.uk