A smart move: Future-proofing Australia’s workforce by growing skills in science, technology, engineering and maths (STEM)

After a sustained period of economic prosperity, Australia is facing some tough challenges. Slowing growth, declining real wages, falling productivity and end of the mining boom to name a few.

Businesses also have to come to terms with the monumental impact that digitisation and technology is having on business models, supply chains and customer behaviour.

  • 44% (or 5.1m) jobs are at risk from digital disruption
  • Innovation and STEM education are key to future growth
  • $57.4bn increase in GDP if we shift just 1% of our workforce into STEM roles

With all of this, Australia needs to better position itself to compete in the global economy of the future.

This is why we've taken the time to understand and develop the case for change and publish a new report ‘A smart move – future proofing Australia's workforce by growing skills in science, technology, engineering and math (STEM).

In our report, we argue the case for growing the STEM workforce and identify the benefits and impact on businesses and the Australian economy broadly.