Generative AI and the future of work in Australia – McKinsey

Overview

McKinsey explores how generative AI is transforming Australia’s workforce by automating tasks and creating new job opportunities across industries. It highlights their research showing that AI could boost productivity and GDP growth, but may also require workers to adapt through upskilling and reskilling. They authors argue that addressing the digital divide and ensuring AI integration across sectors are key to capitalising on AI’s potential.

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Key quotes

“With its advanced natural language capabilities, gen AI could become ubiquitous, embedded into knowledge workers’ everyday tools [but] as gen AI continues to evolve through 2030, it could affect a more comprehensive set of work activities, transforming skills demand in Australia.”

“This continued and increasing demand for certain skill sets presents opportunities for upskilling and transitions to better-paid positions, which could rebalance the economy toward higher-wage jobs. More Australians could secure higher-paying positions—provided they have access to skills training and education.”

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