You can have AI or immigration but not both

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You can have AI or immigration, but not both unless you want a labour market disaster.

But, as usual, we’ll have to find that out the hard way. At least, Aussie youth will.

The Albanese government has decided against legislation to manage artificial intelligence, with a new national roadmap emphasising Labor’s focus on the technology’s economic benefits and plans to “unlock” vast datasets held by private companies and the public service to help train AI models.

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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.