And digitalisation will also forge new professions. Social media managers, robotics engineers and drone pilots are just three I could mention here. So you could say the new technologies can potentially unleash both creative and destructive energy – much like the “creative destruction” coined by Joseph Schumpeter. At present, one could argue that the job losses are being compensated for by new ones.
At the same time, a shift is under way in employment prospects and relative wages. Many routine activities will probably feel the pressure of automation particularly intensely. These 3/8  BIS central bankers' speeches  are areas where salaries may well feel the squeeze. Then again, there are other activities which appear to be benefiting from automation.