He said: 'Now may be the time of the famous or fortunate, but what of the frustrated and frightened?He added: 'One of the things that I think contributes very understandably to the level of anxiety that households feel in this economy, in other economies, is the fact that it has for them been almost a lost decade of growth.'Real incomes in this country have not grown for the last ten years.
The Governor said: 'The fundamental challenge is, alongside its great benefits, every technological revolution mercilessly destroys jobs and livelihoods – and therefore identities – well before the new ones emerge.'This was true of the eclipse of agriculture and cottage industry by the industrial revolution, the displacement of manufacturing by the service economy, and now the hollowing out of many of those middle-class services jobs.'The Bank's chief economist Andy Haldane warned in an earlier study that automation threatened much of the workforce – but said that hairdressers, carers and nannies were among the lower earners who were deemed to be safe.But he really cared for the people he was supervising in there.'Simon, a 23-year veteran prison guard, confirmed that tensions inside the prison had risen in recent weeks, especially since the election.'It's certainly got worse over the last couple of weeks,' he said.'The prison population is probably 65 percent black and many of them don't like Trump's racial policies.Speaking at Liverpool John Moores University yesterday, the Governor also claimed workers had suffered 'the first lost decade since the 1860s', with living standards suffering the biggest squeeze since Dickensian times.Calling for the Government to tackle 'staggering wealth inequalities' through redistribution, he said: 'Real wages are below where they were a decade ago – something that no one alive today has experienced before.'The 51-year-old, who earns £874,000 a year, said globalisation has seen 'the superstar and the lucky' thrive while others have struggled.