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A smart move: future-proofing Australia’s workforce by growing skills in science, technology, engineering and maths (STEM)

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While technology and innovation are transforming Australia's economy, they are also the solution to the country's workforce and growth challenge, argues this report. Overview After a sustained period of economic prosperity, Australia is facing some tough challenges. Slowing growth, declining real wages, falling productivity and end of the mining boom to name a few. Businesses also have to come to terms with the monumental impact that digitisation and technology is having on business models, supply chains and customer behaviour. 44% (or 5.1m) jobs are at risk from digital disruption Innovation and STEM education are key to future growth $57.4bn increase in GDP if we shift just 1% of our workforce into STEM roles With all of this, Australia needs to better position itself to compete in the global economy of the future.

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