In this episode of Demographics Decoded, we explore Australia's transition to a knowledge-based economy. From the dramatic changes in job nature and required skills to the significant implications for the Australian workforce and society at large, there’s a lot to examine. Our conversation today offers valuable perspectives for investors, business owners, and anyone interested in understanding the forces shaping Australia's future. The Changing Face of Australia's Job Market and Workforce Today we discuss Australia's remarkable transformation from an agricultural powerhouse to a thriving knowledge-based economy. Join us as we navigate through the intricate changes in job types, educational demands, and the broader social implications of these shifts. ● Australia's transition from an agricultural economy to a manufacturing powerhouse and finally to a modern knowledge-based society ● The significant overhaul of the educational system to meet the demands of high-skill, intellectual office roles ● The rise of knowledge workers and its impact on commuting patterns, with a new viable living area extending to a two-hour drive time radius around CBDs ● Economic challenges faced by millennials, including soaring house prices and their effect on perceived wealth despite higher incomes ● The dominance of millennials, especially women, in higher education and high-skill level jobs, and the broader social and economic implications of these trends ● Gen Z's entry into a job market characterized by low unemployment and a skills shortage, leading to contrasting expectations with baby boomer employers ● The emergence of single, affluent women in the workforce and their property-buying preferences, often leaning towards luxurious, low-maintenance homes in convenient locations ● Next week’s discussion on why the younger generations are leaving their house purchase decisions to later in life This conversation provides valuable insights for business owners, investors, and anyone interested in the evolving landscape of the Australian workforce. Don’t miss the chance to stay ahead of the curve by gaining a deeper understanding of these significant trends. Links and Resources: Simon Kuestenmacher is co-founder and Director – The Demographics Group Simon is a prolific media commentator on demographic and data matters and a columnist for The New Daily and The Australian newspapers. He ranks as one of the world’s Top 10 influencers in data visualisation. If you can’t get enough of the kind of data that explains how the world works, make sure to follow Simon on Linked In or X (formerly Twitter) or any of his other social channels. Click here for a media enquiry or if you would like to book Simon Kuestenmacher for a speaking engagement. His presentations and quirky observations are enjoyed by audiences from the financial services, property, government, education, technology, retail, and professional services industries, among others. About Michael Yardney Michael Yardney- founder Metropole Property Strategists has been voted one of Australia’s 50 most influential Thought Leaders. While he is best known as a property expert, Michael is also Australia’s leading expert in the psychology of success and wealth creation. Michael is a #1 best-selling author of 9 books and frequently challenges traditional finance advice with innovative ideas on property investment, personal finance, and wealth creation. Follow Michael on Linked In or Instagram Are you interested in property investment - let the team at Metropole build you a Strategic Property Plan to help give you clarity, direction, and wealth-producing results. Some of our favorite quotes from the show: “We're still an agricultural powerhouse. We still produce a lot of food and agricultural products and sell this to the world.” - Simon Kuestenmacher “When you just have a look at the CEOs of the various companies, more women are ending up much higher up the ranks of running businesses, running organisations, than they were in previous generations.” - Michael Yardney “Yes, you can call the young people entitled, but, to be honest, they have the right macroeconomic backing to make demands.” - Simon Kuestenmacher PLEASE LEAVE US A REVIEW Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on your favourite podcast app.
