A Volunteer Initiative by Concerned Australians

AI is reshaping the economy.
Not in 20 years.
Right now.

Over 512,000 Australians are already in roles where AI can do most of their tasks. The question is whether Australia acts before the damage is done — or after.

What is COAD? See the Evidence
512,200
Australians in roles where AI can already do most of their tasks
700–1,000
Australian jobs lost per month directly linked to AI (mid-2025)
60%
Of jobs in advanced economies exposed to AI disruption — IMF
The Evidence

This is already happening in Australia

These are not projections. They are current, sourced figures drawn from peer-reviewed research and Australian Bureau of Statistics data.

512,200
Australians employed in roles where a majority of tasks are already within AI's demonstrated capability
Anthropic Economic Index / ABS Workforce Data, March 2026
250,000
Contact centre workers — Australia's single highest-risk occupational group, with 70% task exposure already observed
Anthropic / ABS, March 2026
14%
Slowdown in young Australians aged 22–25 entering the most AI-exposed occupations, versus 2022 baseline levels
Anthropic Economic Index, March 2026
700–1,000
Australian jobs lost per month with a direct or principal causal link to AI automation, as at mid-2025
CSIRO / Australian Computer Society, 2025
92M
Existing roles projected to be displaced globally by 2030 — 40% of employers plan to cut headcount where AI can do the same work
World Economic Forum — Future of Jobs Report 2025
Expert Warnings

What the people who built AI are saying

These are on-record public statements, cross-checked against primary source material. These are not fringe opinions — they are the views of the world's most authoritative voices on AI.

"

In the next one to five years, AI could potentially wipe out half of all entry-level white-collar jobs. There is a scenario where we get a kind of AI-driven unemployment that is sudden and quite steep.

Dario Amodei
CEO, Anthropic — World Economic Forum, Davos, January 2026
"

We're going to see AI having the capabilities to replace many, many jobs. I think it will replace most of the jobs that involve sitting at a desk. I think it's very hard to stop this happening.

Geoffrey Hinton
2024 Nobel Laureate in Physics — 'Godfather of AI' — CBC Interview, October 2024
"

AI is a tsunami that is building in the global economy. On average 40% of jobs are touched by AI — either enhanced or scrapped, or changed quite significantly. We need to prepare now or we will be overwhelmed.

Kristalina Georgieva
Managing Director, International Monetary Fund — Davos, January 2026
"

The next 15 years will be hell — economically. We are going to have to find a way to keep billions of people engaged and financially supported when their jobs are taken. We have to start planning for that now.

Mo Gawdat
Former Chief Business Officer, Google X — Scary Smart (2021) & public commentary, 2023–2024
"

We are 12 to 18 months away from AI that can perform at human level on a very wide range of knowledge tasks. The labour market implications of that are profound and will not be gradual.

Mustafa Suleyman
Co-Founder, DeepMind; CEO, Microsoft AI — Financial Times, 2024
"

If we simply adopt AI in the most direct, profit-maximising way, we could end up with up to 80% of existing jobs automated within 20 to 30 years. This is not science fiction — it is the logical conclusion of the technology we are already deploying.

Professor Stuart Russell
UC Berkeley; Co-author of the world's most widely used AI textbook (1,500+ universities) — 2023–2024
The Choice

Australia faces two very different futures

The difference is not whether AI automation happens. In both scenarios it does. The difference is who benefits from the productivity it creates.

Without COAD: The Economic Death Spiral
  • Companies automate to cut costs — labour costs plummet
  • Corporate profits spike initially as wages fall
  • Workers lose income with no structured safety net
  • Consumer spending collapses — no one can afford to buy
  • Profits crash: you cannot have a business without customers
  • Markets fail, welfare costs surge, social crisis deepens
By 2046: Profits 15%, Worker Income 10%, Purchasing Power 10% — Everyone loses.
With COAD: Shared Prosperity
  • Companies automate — costs fall, efficiency rises
  • Productivity gains flow to ALL Australians via dividends
  • Displaced workers receive graduated income support
  • Consumer spending is maintained — businesses keep customers
  • Corporate profits grow sustainably to 80% — markets thrive
  • Workers transition to new roles with dignity and financial security
By 2046: Profits 80%, Worker Income 85%, Purchasing Power 90% — Everyone gains.
The Solution

What is COAD?

The Citizens of Australia Dividend (COAD) is a fully costed, evidence-based Sovereign Wealth Fund — modelled on proven mechanisms like Alaska's Permanent Fund and Norway's Government Pension Fund — that ensures a structured portion of AI's productivity gains flows back to the Australians displaced by it.

🏦

A Sovereign Wealth Fund, not a welfare payment

COAD is funded by Australia's existing national wealth and AI productivity gains — not by raising income taxes on ordinary Australians.

🎯

Targeted at AI-displaced workers specifically

Payments go only to workers who have lost their jobs to AI automation and are actively seeking work or retraining. Strong built-in work incentives ensure employment always pays more.

📈

Graduated payments that grow with the crisis

Payments start at $20,000/year in 2027 and rise to $35,000/year by 2041 — as AI displacement accelerates, so does the support.

Proven. The numbers work.

Developed by a volunteer team using peer-reviewed methodology. The model has a $90 billion annual capacity by 2041 — $14 billion above projected demand.

This is NOT Universal Basic Income

UBI pays everyone regardless of employment status. COAD pays only AI-displaced workers while they transition. Working always pays significantly more than COAD — the model is explicitly designed to preserve strong work incentives.

COAD Graduated Payment Schedule
2027 — Year 1 $20,000 / year
2030 — Year 4 $25,000 / year
2035 — Year 9 $30,000 / year
2041 — Year 15 $35,000 / year
⚡ The AI deflation effect: AI reduces the cost of living by 40%+ over the same period. By 2041, $35,000 buys what $52,000–$58,000 buys today — well above the poverty line.

International Precedents

Alaska Permanent Fund
48 years of citizen dividends from resource wealth — bipartisan, widely supported, never reversed.
Norway's GPFG
USD $1.76 trillion fund, 35+ years, 9.2% average return — the global gold standard.
Australia's Future Fund
AUD $267 billion, 8.4% average return over 18 years. We already know how to do this.
The Economic Model

The Five Pillars of Economic Health

COAD tracks five macroeconomic indicators over a 20-year horizon to model what AI automation does to an economy — and how a citizen dividend changes the outcome.

💼
Labour Costs
The proportion of company operating expenses allocated to human workers. Falls in both scenarios as AI automates work — from 80% in 2026 to 10% by 2046.
📊
Corporate Profits
Without COAD: spikes as labour costs fall, then crashes when consumers can't afford to buy. With COAD: grows sustainably to 80% because consumer spending is maintained.
👷
Worker Income
Without COAD: collapses to 10% as jobs disappear. With COAD: rises to 85% because AI-displaced workers receive graduated dividends — income from owning the economy, not just labouring in it.
📈
Investment Returns
Without COAD: markets crash as consumer demand evaporates. With COAD: the $150B+ COAD fund drives market growth — healthy consumers mean healthy companies and healthy portfolios.
🛒
Purchasing Power
The critical pillar. Without consumers, capitalism collapses. With COAD, purchasing power rises to 90% by 2046 — boosted further by AI's deflationary effect on the cost of living.
Without COAD — 2046 Outcomes
Labour Costs10%
Corporate Profits15% ↓ (from 40%)
Worker Income10% ↓ (from 75%)
Investment Returns10% ↓ (from 35%)
Purchasing Power10% ↓ (from 70%)
With COAD — 2046 Outcomes
Labour Costs10%
Corporate Profits80% ↑ (from 40%)
Worker Income85% ↑ (from 75%)
Investment Returns85% ↑ (from 35%)
Purchasing Power90% ↑ (from 70%)
How It's Funded

A three-pillar funding model — without raising income taxes

Each funding source has direct international precedent. No single source bears an unsustainable burden.

21%
Future Fund Partnership
Australia's $267.4 billion Future Fund continues to earn its 7%+ annual returns — but the growth above the principal is redirected to COAD. The $267B corpus remains intact and untouched, continuing to generate returns for future generations. Only the annual gain is shared.
39%
AI Productivity Tax
A levy on AI-derived corporate productivity gains — capturing 5–15% of the cost savings companies make by replacing human labour with automation. Structured as an extension of the existing Petroleum Resource Rent Tax (PRRT) mechanism and aligned with OECD Pillar Two minimum tax receipts already flowing to Australia.
40%
Sovereign Bond Issuance
Australian government bonds at our AAA credit rating — the same mechanism used to fund hospitals, roads, and infrastructure. A national investment in workforce stability, not a handout. Bonds are repaid from the growing COAD fund corpus and AI tax receipts over the program's lifetime.
$90B Annual funding capacity by 2041
$76B Projected demand by 2041
$14B Annual resilience buffer
$267B Future Fund principal — fully preserved
Our Journey

Seeking Government Engagement

COAD is a volunteer initiative. We have no commercial interest, no funding, and no lobby group behind us. We are ordinary Australians who believe this matters — and we have been working to make governments listen.

February 2026
Alan Kohler — ABC Economics Journalist
Contacted following his ABC News article on AI's fourth industrial revolution, seeking public advocacy support for COAD.
Awaiting Response
8 March 2026
Queensland State Treasurer
Full in-person briefing presented to the Queensland Treasurer, including the 10-slide COAD deck, Expert Evidence Compendium, and full fiscal impact modelling.
Briefing Completed
March 2026
Senator Corinne Mulholland
Detailed briefing letter sent following a personal referral from Councillor Taylor Bunnag.
Awaiting Response
March 2026
Ministers Ayres & Charlton (Industry, Innovation & Science)
Full policy submission on gaps in the National AI Plan's Action 5, with a formal request for a meeting. Received a two-line response declining the meeting.
Meeting Declined
March 2026
Prime Minister's Office
Direct letter to the Prime Minister raising AI workforce displacement and requesting formal government engagement with the COAD framework.
Awaiting Response
27 April 2026
Follow-Up to Minister Ayres' Office
Firm reply sent challenging the inadequacy of the two-line response, demanding substantive engagement on whether the Government is considering a Sovereign Wealth Fund or equivalent mechanism, and requesting a departmental briefing on Action 5 of the National AI Plan.
Reply Sent

The Gap in Australia's National AI Plan

The Australian Government's National AI Plan (2025) acknowledges workforce transition under Action 5, with $47M in graduate programs and 150,000 AI course enrolments. These are starting points — but the Plan has four critical gaps:

No occupation-specific targeting

The Plan does not name or quantify which occupational groups face the greatest risk — making it impossible to measure whether investment is reaching those who need it most.

No income support for displaced workers

Reskilling pathways are necessary but insufficient. Workers displaced mid-career need income support while they navigate occupational change.

No quantified targets or accountability

The Plan sets no measurable targets for the number of Australians to be retrained, nor timelines linked to the actual pace of AI adoption.

No early warning mechanism

No monitoring framework linked to actual AI exposure data — despite the Anthropic Economic Index and similar datasets now making this possible.

The window to act is narrowing

AI is disrupting entry points to careers before it shows up in mass redundancy statistics. The 14% slowdown in youth hiring into exposed roles is the earliest measurable signal. By the time aggregate unemployment rises significantly, the policy window to prevent the worst outcomes will have closed.

Evidence Base

Credible, Reliable & Peer-Reviewed Sources

Every claim on this site is drawn from peer-reviewed research, multilateral institutions, or on-record public statements by named authorities. Nothing is speculative.

International Institutions
International Monetary Fund (IMF) — Gen-AI: Artificial Intelligence and the Future of Work (January 2024, updated 2025)
IMF — Bridging Skill Gaps for the Future: New Jobs Creation in the AI Age (SDN/2026/001, January 2026)
World Economic Forum — Future of Jobs Report 2025 (1,000+ employers, 55 economies, 22 industry clusters)
International Labour Organization (ILO) — AI & Employment Report, May 2025
OECD Employment Outlook — Automation & Labour Market 2024–2025
Independent Research
McKinsey Global Institute — Generative AI and the Future of Work in America (2023, updated 2025)
MIT Work of the Future — Iceberg Index (Autor, Salomons et al., November 2025)
Anthropic — Labor Market Impacts of AI: A New Measure and Early Evidence (Massenkoff & McCrory, March 2026)
Goldman Sachs Research — AI Labour Market Impact Report (2026)
PwC Australia — AI Economic Value Modelling (cited in Australian Parliamentary Library, 2025)
Australian Sources
CSIRO — AI Future of Work Report (2024–2025)
Australian Computer Society — Digital Pulse 2025
Reserve Bank of Australia — Monetary Policy Statement 2025
Australian Parliamentary Library Research Note — AI Automation & Employment (2025)
Australian Bureau of Statistics (ABS) — Workforce & Occupation Data 2025
OSCA — Occupation Standard Classification for Australia, Version 1.0 (2024)
Expert Statements
Geoffrey Hinton (2024 Nobel Laureate in Physics) — CBC Interview, October 2024
Dario Amodei (CEO, Anthropic) — World Economic Forum, Davos 2026
Mustafa Suleyman (CEO, Microsoft AI) — Financial Times, 2024
Kristalina Georgieva (MD, IMF) — World Economic Forum, Davos 2026
Professor Stuart Russell (UC Berkeley) — Public lectures & commentary, 2023–2024
Mo Gawdat (Former CBO, Google X) — Scary Smart (2021) & public commentary, 2023–2024

Australia needs your voice

The window to act is open — but it won't stay open forever. Here is what you can do right now.

01

Talk to your MP

Ask them directly: does the Government have a plan for the Australians whose jobs AI is displacing? A constituent question is harder to ignore than a submission.

02

Write to your federal representative

A short, personal email from a constituent carries real weight. Ask whether the Government is considering a Sovereign Wealth Fund or equivalent mechanism for AI-displaced workers.

03

Share this with people you know

Share coad.life with friends, family, colleagues, union representatives, and local business owners. Awareness is the first step to political pressure.

Questions, media enquiries, or want to get involved?

greg@coad.life

Greg Hoskin — COAD Initiative, Maroochydore QLD