Treasury: AI will add only 1.2% to yearly productivity growth
Australia's Treasury estimates AI will add 1.2 per cent a year to long-run productivity growth. The impact on jobs will vary by sector.
Why it mattersAustralia's economic growth depends on productivity gains. This Treasury analysis suggests AI alone won't solve the flat productivity of recent years.
AustraliaFor Australian workers and businesses, AI adoption will accelerate job changes across sectors; government will need other levers to lift productivity beyond the 1.2 per cent AI is expected to deliver.
Corroborated bytheconversation.com
✓ Claims checked against the source and corrected before publish. checked 1 h ago
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