we will bring you anything on that as and when we get it. what will the advance of ai mean for lower wage earners. quite a bit, according to a new report. it has been compiled by the management consultancy mckinsey. and it predicts that in america, by 2030, nearly 12 million people will have been replaced by technology. those are jobs in office support, food service, customer service, and manufacturing/distribution. we have already seen it. plenty of you will eat at mcdonald s where ordering kiosks have replaced staff at the counter. but how far does this extend into the economy and what do we do with the people who are replaced? live now to kweilin ellingrud a senior partner at mckinsey and one of the authors of the report. it s quite extraordinary who this affects. it is the lowest paid right across the economy in four different sectors. what is can happen to those people? sectors. what is can happen to those neale? : , , , ., , people? absolutely. it is primarily affectin: people?
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inventing broader run on banks as people got concerned about their deposits being available. we saw a little bit of choppiness in the markets in the days and weeks after the. largely what we have seen is that deposit outflows have stabilized. people feel confident in the banking system and they should. what we might see some ups and downs in the stock market in the months to come, fundamentally the banking system is in really strong shape. and it actually continued to provide access to credit for small businesses and for potential homeowners at a level that is higher than a lot of people anticipated. final question for you, adjacent to economics. over theory i m curious what you think. pulling on the economy tends to be not great, a lot of wrong track numbers. if you look at the bottom 40% of wage earners they are doing well and they are doing better and seeing more tangible returns, passed inflation wage gains. folks in my line of work, in the media industry for instance, things are
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