Technology and the Future of Australian jobs: What will be the impact of AI on workers in every sector?
Australia is in the midst of a major economic, social and political transition, driven by global competition and technological transformation. Over the next 10 years, the pace of technological change will be highly disruptive to the workplace and this report, examines the impact it will have on workers and the skills they need to thrive in the Australian economy.
We project that 630,000 jobs could be displaced by new technologies over the next decade, equating to more than 7% of Australia’s current workforce. But technology will deliver great rewards to the Australian economy too, through productivity growth.
We use the Oxford Economics’ Skills Matching Model to stimulate how the Australian labour market will evolve around these challenges, exploring how new technology applications will simultaneously displace workers from certain jobs and create new demands in others.
More than 350,000 workers will find themselves in jobs that require an upgrade to their active listening, speaking and critical thinking skills. More than half will need to re-skill to enhance other soft skills, such as negotiation, persuasion and agile learning, which are virtually absent from the jobs they do today.
Read the full report to dive into the skills implications for different occupational groups and sectors of the economy.
Our economic consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial,and policy issues.
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Christie Tang
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