Globally, sectors more exposed to AI are experiencing almost fivefold (4.8x) greater labour productivity growth.
In Australia, demand growth for AI skills has been strongest in the Financial Services, Professional Services, and Information and Communication sectors since 2012. Education, Manufacturing, and Health and Social sectors saw limited change.
Jobs that require AI skills have an average wage premium of 14% globally, compared to 6% in Australia. R&D roles in Australia carry a 17% wage premium.
Skills sought by employers are changing at a 25% higher rate in occupations most exposed to AI, requiring workers to acquire new skills and embrace AI.
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