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Late last month, Productivity Commission (PC) chair Danielle Wood downplayed the impact of artificial intelligence (AI) on Australia’s job market, claiming only around 4% of jobs are at risk of elimination:
“They [Jobs and Skills Australia] found a reasonably small share of jobs, about 4% of jobs, can either be fully or mostly automated. So those are the jobs that you’d expect to be most at risk”, she said.
“There’s a much bigger share of jobs, 30%-plus, which are subject to augmentation. Some of the tasks can be done by AI, but you’d absolutely need a kind of human in the equation”.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.