With Facebook and Google revolutionising news consumption and advertising, the debate over media ownership rules is stopping a far more important cons
We recently moved our readers to a new system. You may need to reset your password here to login.
Not a member ? Join here for free.
Forgot your password?
Home Features Act quickly on STEM jobs to solve the innovation drought
Text size :
STEM education — science, technology, engineering and mathematics — is the key to Australia’s future growth argues PwC’s Asia boss Luke Sayers. Nearly half of current jobs are at risk from digital disruption, but shifting just 1% of workforce to STEM roles would add $57.4 billion to Australia’s GDP.
The older I get, the more time I spend thinking about the future of Australia. In particular, I worry about the kind of country my four daughters and the rest of their generation will inherit, and the kind of opportunities that will be available to them when they finish their education and are ready to go out and find their place in the world.
I believe the future success of Australia — and consequently our children — depends on our ability to keep up and compete in the economy of the future.
It’s clear that the resources boom is not going to sustain us much longer, and we’re already seeing the consequences of a failure to adapt … slower growth, declining real incomes, declining employment, and increasing shortfalls in tax revenues.
Businesses are working hard to come to terms with the new reality and are beginning to build workforces that will enable them to compete in a new, digital economy. Just to give you a sense of how the digital landscape is being transformed, consider this fact:
Receive unlimited access, get all the latest public sector news and features, plus The Juice, our daily news update sent direct to your inbox.
The Mandarin is where Australia's public sector leaders discuss their work and the issues faced within modern bureaucracy. Join today to discover the latest in public administration thinking and news from our dedicated reporters, current and former agency heads and senior executives.
Luke Sayers is CEO of PwC Australia and vice chairman of PwC Asia.
Read Related Content
Two ACT public servants were awarded Public Service Medals for Australia Day 2016. Find out more about them here.
What is STEM? What are STEM jobs? You’re getting way ahead of us.
Pingback: Australian business must engage in STEM education()