concerns

The Charter Schools could be the means of defrauding the public. But consider the Public (Tax Funded) Elementary Schools which have rendered the U.S. 40 percent functionally illiterate and have put the U.S. below 20 th position world wide in STEM subjects. The Public Schools are the greater fraud. And things are getting worse, not better. Read more

Effects of population change

Australia’s natural advantages provide potential to export renewable energy in forms suchas green hydrogen or electricity via undersea cables.

Geopolitical risk and fragmentation

Rising demand for care and support services

Climate change and the net zero transformation

Technological and digital transformation

Population ageing

The Measuring What Matters Framework is being developed to identify the bestavailable indicators to measure Australians’ wellbeing.

Three sectors likely to experience significantchange are the care and support, manufacturing and mining sectors.• The care and support sector – including health, aged and disability care – is expectedto continue to grow, driven by population ageing, new health technologies andtreatments, a maturing National Disability Insurance Scheme (NDIS) and other factors.Meeting the demand for care will require ongoing investment and improvements indelivery.• The mining sector is expected to evolve as the world transitions to net zero andreduces its reliance on the fossil fuels and emissions-intensive commodities Australiaexports. Australia’s critical minerals and other resources could potentially become keyexports for the global net zero transformation.• The manufacturing sector is expected to continue to move into more specialisedproducts and processes consistent with Australia’s comparative advantage. If thesetrends continue, an increasing share of the manufacturing sector’s workers will behigher skilled. The net zero transformation may also create new manufacturingopportunities.

By 2062–63, the economy is projected to be around two and a half times largerand incomes 50 per cent higher in real terms. However, like other advancedeconomies, Australia’s economic growth is projected to be slower than in thepast 40 years. This is driven by lower projected population growth and reducedparticipation due to ageing, along with an assumption of slower long-runproductivity growth. The economy is projected to grow by an average of2.2 per cent per year in real terms over the next 40 years compared to3.1 per cent over the past 40 years.Slower economic growth will place pressure on the tax base at a time of risingcosts, creating a long-term fiscal challenge. Despite recent improvements inAustralia’s fiscal position, debt-to-GDP remains high by historical standards.Long-term spending pressures are also rising across health, aged care, theNational Disability Insurance Scheme (NDIS), defence and interest ongovernment debt. Gross debt is projected to decline from historical highs beforerising again from the late 2040s to reach 32.1 per cent of gross domesticproduct (GDP) by 2062–63.

population ageing, expanded use of digital and datatechnology, climate change and the net zero transformation, rising demand forcare and support services, and increased geopolitical risk and fragmentation.

This post-work world spurred by AI represents the type of Outside Context Problem that Ian Banks wrote about in the 1990s; the kind of problem "most civilizations would encounter just once, and which they tended to encounter rather in the same way a sentence encountered a full stop". By definition it’s something we can’t fully predict until it arrives, but then it will change life as we know it.