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Sep 20, 2024 7:02 PM - Connect Newsroom

'AI will destroy more jobs than it will create': Tiff Tiff Macklem

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The governor of the Bank of Canada said that those who will lose their jobs due to this automation may struggle to find new opportunities, which is a matter of concern for all of us. (Photo: The Canadian Press)

Bank of Canada Governor Tiff Macklem warned at a ceremony on Friday that artificial intelligence could have a disruptive effect on the economy and could eliminate far more jobs than it is thought to create.

Macklem said that careful study is needed to learn about the unknown effects of this technique. In the AI conference organized by the National Bureau of Economic Research in Toronto, he said that there is still a lot of uncertainty about where artificial intelligence will take us. As AI becomes embedded in the economy, its impact will be transformative and may eliminate more jobs than it is expected to create.

The governor of the Bank of Canada said that those who will lose their jobs due to this automation may struggle to find new opportunities, which is a matter of concern for all of us.

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