New technologies and new ways of working are transforming the nature of work and—over time—reshaping the Australian and global economies. While the pace and magnitude of change varies significantly from industry to industry (and often from player to player in those industries), in each sector we looked at in this report, we saw fundamental changes...

Do industries shed jobs when they adopt new labor-saving technologies? Sometimes productivity-enhancing technology increases industry employment instead. In manufacturing, jobs grew along with productivity for a century or more; only later did productivity gains bring declining employment. What changed? Markets became saturated. While the literature on structural change provides reasons for the decline in the...

Industrial biotechnology (IB) increasingly shows its potential to disrupt European manufacturing industries, notably by overthrowing existing supply chains and dependencies. IB also introduces new production technologies that allow for materials with added functionality. The main purpose of the study is to better understand, and allow stakeholders to anticipate and address the impact of new technologies...

Automation is happening, and it will bring substantial benefits to businesses and economies worldwide, but it won’t arrive overnight. A new McKinsey Global Institute report finds realizing automation’s full potential requires people and technology to work hand in hand.

This study focuses on the impact of robotics automation on economic development across OECD countries, including the United Kingdom and the United States. We consider trends in robotics automation over 23 countries over the period 1993 to 2015, before applying a growth accounting framework and econometric analysis to quantify the impact of robotics automation on...