Key occasions
In at present’s Grogonomics column, Greg Jericho delivers an impassioned plea that Labor’s makes an attempt to vary superannuation tax concessions ought to be simply the beginning of a concerted effort to scale back wealth inequality.
Greg argues that the explanation so wealthy individuals have opposed the adjustments is as a result of they’re frightened that the remainder of the inhabitants will realise that the system is rigged.
Learn his full article right here, plus graphs in fact:
Daisy Dumas
Aged and incapacity care supplier Annecto will shut subsequent month, taking with it the roles of 1,000 employees and providers to greater than 3,000 clients.
The corporate stated in a press release yesterday that the July closure would have an effect on all of its help for veterans and aged and disabled individuals throughout Victoria, New South Wales, Queensland and the ACT.
The supplier, which had been operating for greater than 70 years, stated the choice to shut got here after “careful deliberation and extensive stakeholder consultation which considered the service model shifts in the aged care and disability sectors and the financial challenges facing the organisation”.
Annecto stated it was working with the Division of Well being, Incapacity and Ageing, the Nationwide Incapacity Insurance coverage Company and the Division of Veterans’ Affairs to transition its clients and workers to different suppliers.
Annecto chair, Colleen Furnaletto, stated the “decision was not made lightly”.
“We deeply appreciate the support of our community over all these years, and the dedication of our staff and partners to high quality of support standards.”
Potential of AI is immense but it surely may value jobs, says productiveness chief
Daisy Dumas
Australia’s productiveness commissioner says that the alternatives of synthetic intelligence are “immense” – however will ship some job losses.
Talking to the ABC’s 7.30 final night time, Danielle Wooden stated the prediction by the chief govt of the US AI firm Anthropic that the know-how may probably wipe out half of entry-level white-collar jobs inside 5 years was “pretty extraordinary” and “out of whack with other reasonable projections” she had seen.
As a substitute, she stated the extra routine parts of jobs will probably be taken over by AI, “freeing people up to do the uniquely human parts of jobs”.
“Am I going to sit here and say, ‘No jobs are going to go?’ No, clearly not. There will be some impacts,” she stated, including that AI can even create jobs that “we can’t even imagine yet”.
“There’s a huge amount of opportunity, and I think we have to remember that piece. I know so many people that are now using it in their jobs, and they can see the way that it is freeing up some of those less good parts of their jobs,” she stated.
Josh Butler spoke to Tim Ayres about this very problem, in a narrative out at present, who stated there could be “a lot to gain” from embracing AI, significantly highlighting potential boosts to productiveness and financial development.
Ayres, who grew up on a cattle farm close to Lismore, stated each white-collar and conventional blue-collar jobs may reap advantages from adopting automation and new know-how – and that “the cold reality that the only thing more disruptive in the labour market is standing back and allowing Australia to become a cul-de-sac in technological terms.”—-
Learn the complete story right here:
Welcome
Good morning and welcome to our stay information weblog. I’m Martin Farrer with the highest in a single day tales after which it will likely be Nick Visser to take you thru the day.
The brand new business and science minister, Tim Ayres, warns at present that Australia should “lean in hard” to the advantages of synthetic intelligence or else threat ending up “on the end of somebody else’s supply chain”. His feedback comply with an look by Australia’s productiveness commissioner on 7.30 final night time through which she stated AI may value jobs. Extra developing.
We’ll deliver you information quickly of an enormous aged care supplier which is closing subsequent month.
And events in Tasmania will probably be gearing up for one more election marketing campaign at present after the state’s governor stated she had been left with no selection however to name a ballot to resolve the Apple Isle’s political disaster. We’ll have the most recent.
