Jobs summit is just the start of rare chance for deep thinking

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Jobs summit is just the start of rare chance for deep thinking
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OPINION: Digitisation and climate change are the fastest changes Australians have ever faced. The summit and the white paper which follows must set out how the nation copes with them.

Big things are happening in our economy. They are happening with a velocity without precedent and they are changing everything.

, which sounds a very dry and bureaucratic outcome for such a promising event. White papers have become an increasingly rare occurrence, the most recent being the Foreign Policy White Paper in 2017.Yet a white paper process is an important tool in a government’s kit bag. It signals and shapes big changes and we should see this one as a golden opportunity to shape our collective future.

As Australians, we are enthusiastic early adopters. We see this in banking every day. In June 2021, 92 per cent of Australians conducted a banking activity online, up from 86 per cent in May 2019. The increase was among all Australians, regardless of age or location. In March 2022, 39 per cent of Australians with smartphones reported making a payment with a digital wallet, up from 18 per cent just three years earlier.

As the economy digitises and decarbonises at pace, we will need to ensure our people have the right skills to harness the opportunities ahead. to install 3000 solar panels, 1000 electric vehicle recharging points and 15,000 heat pumps a day. As banks and investors contemplate funding the major energy projects we need, they need confidence that the skills are there to underpin the project.Every day banks hear from businesses looking to expand that are held back by labour and skills shortages. We need to tackle this head on, with new and better skilled-migration programs that have paths to permanency, and lure backpackers and students.

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