Ungated Post | 29 Nov 2019

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.

Read the full report

View the Ebook

View the Infographic

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.

To find out more about our capabilities, contact:

EMEA
Paul Donnelly
020 3910 8000
Email

Americas
Diantha Redd
+1 (646) 503 3052
Email

Asia
Christie Tang
+852 3974 8841
Email

Related Services

Post

Global Pump Market Outlook 2024

The global pump market experienced a modest recovery in 2023. For 2024, we project a 2.5% growth in the market, reflecting a cautious optimism amid varied economic conditions.

Find Out More

Post

The Malaria ‘Dividend’: Why Investing In Malaria Elimination Creates Returns For All

Malaria No More (MNM) United Kingdom (UK) commissioned Oxford Economics Africa to assess the future economic impact of malaria on the countries most exposed to the disease, as well as at the Africa and global levels, while also considering the UK’s relationship with the most affected countries and the benefits arising from localised research and development (R&D) and manufacturing.

Find Out More

Post

Spirits: global economic impact study 2024

On behalf of the World Spirits Alliance (WSA), and in collaboration with the IWSR, Oxford Economics undertook the first ever truly global economic impact assessment of the production and sale of spirits across 185 economies in 2022. The study found that the production and sale of spirits supported $730 billion in GVA contributions to global GDP, as well as 36 million jobs and $390 billion in tax revenue for governments across the world.

Find Out More