BSI

BSI
Creating Generational Legacies

Sunday, March 12, 2017

Are we ready for the new economy, Australia?

 "There are going to be a massive amount of jobs destroyed" from the digital revolution, says Mike Cannon-Brookes, co-founder of Australia's most successful tech company, Atlassian.

We cannot stick our head in the sand and pretend structural change is not happenning. It is and we need to deal with it.
We need to understand, adapt and be part of the new economy.

 Since the election and the proposed support by Malcolm Turnbull's "idea boom" , the government has been quiet on innovation - and in fact - have been hindering the industry, due to its uncommercial policy direction on the research and development incentive programme. 

The federal government has committed to spending about $1.1 billion in the next four years to promote business-based research, development and innovation, as the economy shifts away from mining-driven growth.

We are a year in - what are we doing? 

Atlassian's Mike Cannon-Brookes said the need to understand, adapt and be part of the new economy was critical. 

Self Driving Cars - a case in point

 2.5 million people drive a car as a significant part of their job.
"Those jobs are all going away whether it takes 10 years, 15 years or 20 years, it doesn't matter," he said.

"Pretending they're not may make people feel better right now, and the irony is the people in those jobs today ... will probably be retired. It's their children that will suffer the pain."

There will be millions of other jobs to be created - what are they? 

Are we ready for those jobs to be created, and are they going to be created here or somewhere else?

Mr Cannon-Brookes believes getting education right is vital and that educating the workforce of the future to be ready for the future is an incredibly real thing.


He said we need to have industry, jobs and companies for those people to arrive into.

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