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

While technology and innovation are transforming Australia\u27s economy, they are also the solution to the country\u27s 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