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
Back on it, the specific job seekers who will be hit hardest by AI are those looking for entry level jobs. These are not just college grads but also any returner looking to try to find a re-entry point after stepping away for life reasons, including caring, raising kids, illness. These realities will in turn weaken the university value proposition, and challenge governments to face the economic and health impacts of #underwork.
But employers at least are saying the quiet part out loud: the business value of AI is reducing entry level headcount. We can’t say we weren’t told.