Tesla’s Robyn Denholm Warns: Australia May Not Be Lucky Forever
Australia has long been known for being “the lucky country.” Our mineral wealth helped us avoid the worst of the GFC and we are currently avoiding recession because of the high value of our coal and gas exports . We are also likely to profit from bumper grain harvests and exports.Ms Denholm warned that although technology jobs had grown consistently in Australia, the country needed to diversify more.
“If we do not act now to forge a new vision for what the Australian economy will look like in the next decade, our luck just may run out.” Ms Denholm said tough economic times were helping drive innovation for those who could be “forward-leaning around technology.” With the economy and workforce digitising across the board, Australia’s tech jobs had grown at double the average rate of job growth in the last decade.
“We need to have the most startup-friendly regulatory settings to make sure businesses are born and scaled right here,” Denholm contended. “By 2030, tech activity across all industries in Australia will contribute $250 billion every year to our national GDP and the tech sector will employ over 1.2 million Australians.” Currently, the tech sector is the third biggest industry by value.
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