The Algorithm Age

Accountants among jobs to be in high demand Demand to remain despite rapid AI progression READ MORE: The occupations AI is set to replace soon White collar jobs typically paying six-figures salaries are expected to be in short supply by 2030 despite quantum advances in artificial intelligence. The Future Skills Organisation predicted accountants, financial advisers, IT managers, chief executives and bank workers would have the biggest skills gap within five years, even though AI promises to do many thought-based, analytical tasks. These jobs have average taxable incomes in the six figures, or at least close to it, and are expected to be in even more demand despite rapid technological advances with large language models. 'Australia faces a projected shortfall of almost 250,000 skilled workers across finance, technology, and business by 2030,' the Future Skills Organisation said in its Workforce Plan 2025. ...

Australian workers are facing a major upheaval as artificial intelligence (AI) becomes a cheaper alternative to employing humans. While the full impact of AI is yet to be reflected in job ads or official employment statistics, both employers and employees warn the technology is already reshaping the nation's labour market. It took recent data science graduate Tien Hung Nguyen 30 applications and an internship to land his first full-time job. "I feel privileged to have secured this position. I'm going to give everything I've got," he says. Most of his friends are still looking for work — and he says artificial intelligence is a big reason why. "Since AI appeared, for example, a team might have needed three or four juniors and a senior. Now, it's one junior and AI," Mr Nguyen explains. "There are fewer opportunities for young graduates." In countries where AI is more advanced, such as the...