How can we create the industries and jobs of the future?
What’s the problem?
Australia’s economy is operating in the context of a major transformation taking place in the global economy as emerging-market economies become powerful economic actors in their own right, with Asia the centre of global economic activity.
Meanwhile, many of today’s jobs won’t exist in coming decades and jobs we haven’t even thought of will be created. If Australia is to maintain its economy and generate new jobs, we’ll need to be future focused.
Seven things you need to know
By 2020, the global talent pool will grow to more than 200 million 25-34 year-olds with higher education degrees across all OECD and G20 countries.
By 2030, five million (40%) Australian jobs are likely to be lost due to computerisation and automation. And in rural and regional Australia, up to 60% of jobs are at risk.
Today, in the United States, 85 percent of the new jobs created in the past decade required complex knowledge skills such as problem solving, decision making and creative thinking.
To see how much the working world can change in a few decades, we only have to look to the recent past. In 1966, 46 per cent of all employed people in Australia worked in production industries such as manufacturing. In 2011, the most common industry was healthcare and social assistance.
It wasn't until 1966 that married women were allowed to work for the Commonwealth Public Service.
It wasn't until 1999 that all Australian workers had access to personal carer's leave, maternity/paternity/adoption leave and equal pay.
In recent decades, almost all employment growth has been in the service sector, the workforce of which has more than tripled from 2.6 million to 8.7 million from 1966 to 2011.