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How AI could boost Aussie living standards
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Modelling from EY-Parthenon forecasts AI gains, particularly in construction and warehousing, could revive Australia's ailing productivity levels.
Picture: NewsWireAustralia's labour productivity growth has slowed since 2016, flattening increases to real wages and overall living standards.
Australia's real per capita GDP growth rose considerably from the early 1980s into the new millennium under the Hawke, Keating and then Howard governments.
Muted by the Global Financial Crisis and the Covid-19 pandemic, real per capita GDP growth has stagnated.
The EY analysis finds increased AI adoption could boost real GDP by between 2.6 per cent and 3.2 per cent by 2036.