WHAT CAN BUSINESSES AND GOVERNMENTS DO TO PREPARE FOR THE AUSTRALIA OF 2030?
• Businesses will need to adopt more-flexible work arrangements as labour becomes harder to find. They will need to focus on attracting and retaining older and female workers. While participation rates have been rising for women, there’s more to be done. More part-time work and work-from-home arrangements will help.
• Boosting skilled immigration and arresting Australia’s falling fertility rate should be priorities for policymakers.
• Growth sectors such as healthcare, education, and professional services, all require high levels of education, so better partnerships between business and the education sector will be needed to help bridge the funding gap in the tertiary education sector.