Ultimately, only the future will tell. Indeed, another online survey showed that participants of the Sintra Forum were divided on this issue. 43% of voters indicated that technological innovation will have an insignificant impact on employment in the next 10 years. 28% felt that the net impact would be positive and an equal share that it would be negative.
4 / 16  BIS central bankers' speeches  Interestingly, the historical productivity-employment nexus is quite different across sectors. For example, the strongest positive employment spillovers originate from productivity growth in lowtech services (capturing e.g. car sales, real estate, hotels and catering or social and personal services). Significantly positive spillovers also emerge from high-tech services (e.g.