Let AI tear Australia a new economy

Tuesday 29 July 2025

Gottiboff is in panic mode at The Australian about the AI revolution:

In the next six to 12 months vast numbers of the Australian middle class employed in private sector service industries will either lose their jobs or will feel very insecure. Again, they are totally unprepared for what is ahead.

Here in Australia much of the middle class involved in call centres will be replaced by AI and enhanced computing. Many tens of thousands will be involved.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.