Where the jobs of the future will be

TL;DR

Australia Post is offering a subscription service to compete with Amazon Prime and retailers are facing tough times, raising concerns about the future of retail. This video explores job growth trends and industries that are doing well.

Transcript

g'day and welcome to this week's video in the office recently we've spoken a fair bit about the changing retail environment we see down our Main streets there's a lot of empty shops this is a small town that we live in but there's alot of empty shops and we know that retailers are doing it pretty tough and then we see the announcement from Australi... Read More

Key Insights

• 🐕‍🦺 Australia Post's subscription service aims to compete with Amazon Prime in the online retail market.
• 🤨 The rise of online shopping and potential automation of deliveries through drones raises concerns about the future of traditional retail.
• 🤕 Healthcare and social assistance sectors are experiencing job growth due to the aging population.
• 😚 Manufacturing has been losing workers and faces challenges in remaining competitive.
• 🙈 Agriculture is seeing larger farms and the potential for machines to work autonomously.
• 👀 The video suggests looking at industries with job growth potential as a guide for future job opportunities.
• 😀 Retailers are facing tough times, with many empty shops in towns.

Questions & Answers

Q: How is Australia Post responding to competition from Amazon?

Australia Post has launched a subscription service offering free postage for online purchases from up to 40 retailers for a monthly fee of $7. This is seen as a competitive response to Amazon Prime.

Q: What is the future outlook for traditional retail?

Traditional retail is facing challenges due to the rise of online shopping and potential automation of deliveries through drones. The increasing number of empty shops suggests a tough future for retailers.

Q: Which sectors are experiencing job growth?

The healthcare and social assistance sector is experiencing significant job growth, particularly in catering to the aging baby boomer population. This includes nurses, doctors, and those in aged care.

Q: How is the manufacturing sector faring?

The manufacturing sector has seen a substantial loss of workers in recent times, and the closure of Holden factories in South Australia is an example of the challenges faced by this sector in remaining competitive.

Summary & Key Takeaways

• Australia Post has announced a subscription service for $7 per month, offering free postage for online purchases from up to 40 retailers, possibly in response to Amazon Prime.

• The changing retail environment and the rise of online shopping, along with potential automation of deliveries through drones, raises concerns about the future of traditional retail.

• Job growth is seen in the healthcare and social assistance sector, catering to the aging baby boomer population.