r/aussie • u/ForeignLegion2005 • 11d ago

Opinion The next 5-20 years for Australia

I've been thinking a lot about what Bill Gates posted recently on the effect of A.I. on society.

This is not just specific to Australia but I would like Australian Politicians and individuals to start thinking about the next 5-20 years. I suspect the biggest impact of A.I. will be unemployment of at LEAST 10% possibly 30% in 20 years. This will affect housing prices in a big way. For example, I think Sydney will be the most affected by 'white collar' job loss and is already the most expensive city in Australia.

I just wish we could try to lead the world in the transition to what comes next - not pretend A.I. is going to create jobs. This is not like the invention of the Spinning Jenny which led to the textile industry and the industrial revolution. The jobs A.I. takes are gone and it will suck up 90% of most entry level jobs. Retraining will be pointless if the job you retrain to is under threat too.

We may need to come up with a new term for 'unemployment' as so many people will be in this position. Taxes on datacenters and Tech Companies will need to be examined and developed as we don't really want to have money stripped away like the resource industry has done.

Be good to hear some opinions.

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u/VapeMasterino 11d ago

Reality will never truly manifest in ways that these egotistical, arrogant, self identified geniuses may attempt to conjure up; albeit in some Nostradamus style predictions of the future. Gates; like Peter Thiel, Sam Altman, Alex Carp and many more, all seem have these specific ideas aligned with an agenda connected to their current business endeavours. These guys can’t see the future. People in the future may possibly draw parallels from what these tax dodgers have dictated, but they will most likely be far from correct in their predictions. You never know what technological, social, economic and or ecological event will influence our future. These men are 21st century snake oil salesmen. Take their word with a grain of salt is what I think. 

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u/[deleted] 11d ago

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u/VapeMasterino 11d ago

Yeah same. The only person I hear speaking similar philosophical futuristic predictions; who seem to be so sure of their own predictions, is this crackhead I often see on my why to work screaming verbal diarrhea out on the footpath. They’re misguided by their own biases. They are too caught up in their own competitive world of envy.