What is the meaning of hollowing in this sentence?

Mr Haldane: “Jobs were effectively taken by machines of various types, there was a hollowing out of the jobs market, and that left a lot of people for a lengthy period out of work and struggling to make a living.

“That hollowing out is going to be potentially on a much greater scale in the future, when we have machines both thinking and doing, replacing both the cognitive and the technical skills of humans.”

In the sentence above, Artificial Intelligence dark side are being discuss

  • Welcome to EL&U. Without more context...nobody knows. – Cascabel Feb 9 at 19:41
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    I am going to say it's impossible to know without you telling us what was said previously because the antecedent of "hollowing out" is missing – Mari-Lou A Feb 9 at 19:56
  • This above sentence is taken from this below article express.co.uk/news/science/1006326/… – Haziq Feb 9 at 20:09
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    @Haziq Isn't it explained in the article three paragraphs earlier? i.e. "there was a hollowing out of the jobs market, and that left a lot of people for a lengthy period out of work and struggling to make a living." – KillingTime Feb 9 at 20:26

Usually the transitive verb "hollow out", when used figuratively, means to remove core functionality or features from something, and from the little context you've given it seems that what is being referred to is the core role human beings play in commerce and manufacturing. AI is eliminating many of the core roles that humans serve in.

The department has been greatly underfunded and many of its programs have been hollowed out.

hollowing out would be the gerund formed from that phrasal verb, referring to the process of being hollowed out.

Literally the meaning is to remove material from the core:

A log is hollowed out and formed into a canoe.

  • I edited the Q...maybe you would like to update your A. +1 – Cascabel Feb 9 at 22:05

A hollowed out tree trunk looks okay from the outside, but has no actual strength, because the wood has rotted away.

An organization can be hollowed out in the same way, and often by design.

Hollowed out tree trunk

In the case of Artificial Intelligence and mechanization of the economy, the “solid wood” of unassuming manual and clerical workers is replaced by machines.

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