So back to the Australian Bureau of Statistics (noting that from now on the US BLS is an octopus in a tank surrounded by drunk punters waving cash), the underutilisation rate is a tick under 10%.
That’s one of those stats like shark bite data: fine if you’re not the bitee, but tricky if you are.
As the Australian government talks up AI, it needs also to be talking up UBI and staring down the inevitable conservative objections. The future of #underwork needs a clear plan, especially given how many of the sparkly new futurey jobs that are AI adjacent will make themselves AI redundant in the fairly near term.
https://www.abs.gov.au/media-centre/media-releases/unemployment-rate-41-march
This from Alan Kohler is a useful history lesson in Australia’s own wrangling of productivity, manufacturing, tariffs, government spending and revenue, jobs and living standards.
The situation we’re in now, on the cusp of all in AI, means asking how individual, generational and regional community experiences of #underwork challenge the assumptions of a national formula for productivity as a proxy for good times. Data validity depends so much on what you’re asking.
https://www.abc.net.au/news/2025-08-11/us-tariffs-keating-chalmers-productivity/105581020