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What Aussie industries whose jobs are most at risk?

Written by BusinessCorp | Aug 8, 2024 2:47:00 AM

The Australian job market is facing a significant transformation, primarily driven by the rapid advancement of technology. Automation and artificial intelligence are reshaping the landscape of employment, leading to a re-evaluation of job roles across various industries. A recent analysis by analytics company Faethm by Pearson, in partnership with technology company ServiceNow, has predicted that nearly 10% of Australia's workforce, approximately 1.3 million people, will need to retrain by 2027 as automation continues to take over.

 

The sectors most at risk are those that involve repetitive and routine tasks that can easily be automated. Plant and machinery operators, as well as food preparation workers, are among the employment sectors facing the highest risk. This shift is not only a challenge for the workforce but also an opportunity for individuals to upskill and adapt to the changing demands of the job market.

 

The impact of automation is not uniformly distributed across demographics. Young people, men, and Indigenous Australians are identified as groups that might face declining job opportunities due to automation. This calls for targeted educational programs and policies to ensure these groups can transition into emerging job roles that require more complex and creative skills that are less susceptible to automation.

 

Moreover, the current economic climate, influenced by global events and local policies, has led to a highly competitive job market. Recruiters are reporting hundreds of applications for individual roles, indicating a surplus of candidates for a limited number of positions. This competition is further exacerbated by the influx of students, migrants, and returning expatriates entering the workforce.

 

It's crucial for both the government and private sectors to collaborate on strategies that can mitigate the risks associated with job automation. Investment in education and training programs, support for industries transitioning to new business models, and the creation of a conducive environment for job creation in sectors less likely to be affected by automation are essential steps in this direction.

 

As the job market evolves, it's imperative for workers to stay informed about the changes and proactively seek opportunities for skill development. The future of work may be uncertain, but with the right preparation and support, the Australian workforce can navigate these changes successfully. For more detailed insights and the full list of careers facing the biggest job losses, you can refer to the comprehensive report provided by 9News.