McKinsey & Company have released a major research report today, examining how automation and artificial intelligence will affect Australia’s economy and personal income growth over the next decade.
It is estimated 25 to 46 per cent of current work activities could be automated, providing every Australian with $4,000 to $11,000 in additional income by 2030.
Some jobs will be lost, created and changed; but the report says with foresight and proactive leadership from the government, Australia can capture the opportunity offered by AI and ensure the gains are broadly shared.