A smart move: Future-proofing Australia’s workforce by growing skills in science, technology, engineering and maths (STEM)

After a sustained period of economic prosperity, Australia is facing some tough challenges. Slowing growth, declining real wages, falling productivity and end of the mining boom to name a few.

Businesses also have to come to terms with the monumental impact that digitisation and technology is having on business models, supply chains and customer behaviour.

• 44% (or 5.1m) jobs are at risk from digital disruption
• Innovation and STEM education are key to future growth
• $57.4bn increase in GDP if we shift just 1% of our workforce into STEM roles

With all of this, Australia needs to better position itself to compete in the global economy of the future.

Read the report

PwC April 2015