Jobs-pocalypse, no! - what happens when the bots let you down and you need to hire the humans back? (Spoiler - it's going to cost you!)

AI is coming for your job!

We all know that. Just in recent months we’ve seen more and more examples of this truism in action. Look at Barclays, for example, where just a couple of weeks ago management announced 5,000 job cuts and openly blamed credited AI for being able to slash five percent its headcount in this way.

So, yeah, the bots are coming and you better get your resume in shape in readiness.

Except, maybe they’re not.

From the same business sector that brought you the Barclays butchering comes a rather interesting set of data via none of other than The Bank of England, which says that the real impact of AI is a slow down in hiring for new jobs rather than the extermination of existing ones.

According to the Bank’s November Monetary Policy Reportbased on the findings of its ongoing Decision Maker Panel (DMP)...

Copyright of this story solely belongs to diginomica.com. To see the full text click HERE