Ian Verrender

speaker

3,682 appearances 32 recordings 5 series first heard Mar 2026 last heard 3d ago

Ian Verrender’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 32 in all, peaking in Jun 2026 with 10.

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ABC Business Daily · What will it cost to live longer? · 22 Sep 2026 podcast

I mean, we really do not know what the impact of artificial intelligence is gonna be on the workforce and the composition of the workforce, the the number of people who will end up being employed, who is going to lose their jobs, who will be benef benefiting from artificial intelligence.

It's an open question at the moment.

Um, I mean, you know, you've seen all the warnings, I guess, from the even from the founders of these uh AI companies.

Companies, which is really quite odd, and you don't see that very often, where you know somebody promoting a technology and promoting a um their own business comes in to um you know essentially uh make warnings about you know and say we should slow down on this.

Yeah.

So I it's it's difficult to know um what impact this is going to have, and so I think it's a little unrealistic for Treasury to suggest that.

We're suddenly going to get an an increase and an improvement in productivity.

And look, even if we did get that improvement in productivity, which could happen, it could also be uh in conjunction with a vast number of people being laid off.

Which isn't so you know, you can say, Oh, our productivity numbers have just shot through the roof, uh, but we've got an unemployment rate of uh 15%.

So, you know, there's balances in all of the

these numbers and you've got to be really careful with pulling out one particular measure and saying that's a problem and we need to fix it.

Now it is a problem at the moment with productivity, but you need to do it in in in balance and in conjunction with a whole range of other measures.

Yeah, look, real household wealth uh overall on an average number has has, you know, risen remarkably over the past uh twenty to thirty years.

I think it's gone from about a half a million dollars, five hundred thousand dollars, to about one point three million.

That's in real terms.

So that's a direct comparison.

You know, we've stripped out inflation there.

But when you drill down into those numbers, you actually see that it's not very evenly distributed.

And you know, people who who were born uh in the in the 1940s, um, the well, they did quite well, but the people who were born after that in the 50s did even better than the people who were born in the 40s.

The people who were born in the 60s did even better again.

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