Talk Money: October 22, 2015

  • 22/10/2015
(Paul Henry)
(Paul Henry)

The pace of technological change is accelerating and that may impact jobs and society as much as the industrial revolution.

That is the prediction in a report released by Chartered Accountants Australia and New Zealand. It was prepared by the New Zealand Institute of Economic Research (NZIER).

The NZIER says almost half of jobs are at risk from technological change over the next 15 years.

It says there is an almost 80 percent probability of job losses for labourers, machinery operators, drivers, clerical and administrative staff.

Sales staff will be affected. So too will technicians and trades people.

Financial services, public administration, scientific and technical services jobs will be affected as well, although the risks are lower.

Rural workers and men will be most at risk of being made redundant. That could accelerate the shift of workers from rural areas to the cities.

But disruptive technology also creates new jobs and new opportunities in sectors like software development and gaming.

Watch the video for the full Talk Money segment.

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