White collar robots are way of the future

Jobs won't be in short supply in the future but thanks to robots, fewer people will be needed to fill them.

Last week Reserve Bank of Australia governor Glenn Stevens ventured into unusual territory when he spoke to the annual dinner of Australian Business Economists.

His speech, entitled The Long Run, saw the governor bring out a larger than normal crystal ball to focus his forecasting skills on the longer-term outlook. That was interesting in itself, but perhaps more significant is the fact that our Reserve Bank governor harbours a rather different view about the effect of digital disruption in the all important labour markets.

Read the full article in the Australian Financial Review here (subscription required)

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Max Walsh

Contributor

Max Walsh was for many years one of Australia’s top economic and political commentators, highly regarded as a journalist, author and broadcaster. Throughout his career, Max was involved in all dimensions of the media industry, which has encompassed positions with two of Australia’s largest publishing companies and television networks.

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