A new report produced by economic consultancy AlphaBeta on behalf of Google has concluded that around 9% of Australian-listed companies are investing in automation, compared with 20% of US companies. The report claims that an increased commitment to automation could boost Australia’s economic output by around $1 trillion 2030, whereas productivity would also increase significantly.
However, the report argues that the benefits of automation will be erased if the gains are not widely distributed and vulnerable workers are not given assistance to re-skill and transition to new work.
