⚠ The Evidence Is In

Two Futures.
One Choice.
Australia 2026 – 2046

AI displacement is measurable right now. The question is whether we let it spiral — or act. These charts show what both futures look like across five pillars of economic health.

Australia Right Now

AI Displacement Is Already Measurable

These are not projections. This is what the data shows today.

512K
Australians in occupations with high observed AI task exposure
Anthropic / ABS, March 2026
3.5M
Australian workers (25% of workforce) in medium-to-high AI risk band
Jobs and Skills Australia, 2025
~2K
Australian jobs cut at WiseTech in early 2026, with AI explicitly cited
Computerworld, ACS Information Age, Feb 2026
250K
Contact centre workers — the single highest-risk occupational group nationally
Anthropic / ABS, March 2026
60%
Of jobs in advanced economies exposed to AI disruption — enhancement or elimination
IMF 2024, reaffirmed 2026
14%
Slowdown in young Australians (22–25) entering at-risk careers — already visible
Anthropic Economic Index, March 2026
Five Pillars of Economic Health

What Does Australia Look Like in 2046?

Two scenarios modelled across Labour Costs, Corporate Profits, Worker Income, Purchasing Power, and Investment Returns — from 2026 to 2046.

⚠ Without COAD
The Economic Death Spiral
The Profit Paradox: profits spike briefly as labour costs fall — then collapse when consumers can no longer afford to buy anything. Everyone loses.
10%
Labour Costs
15%
Corp. Profits
10%
Worker Income
10%
Purch. Power
10%
Inv. Returns

2046 outcomes without COAD intervention

✓ With COAD
Shared Prosperity in the AI Economy
Capitalism 2.0: when robots replace workers, the productivity gains flow to all Australians — not just shareholders. Consumer demand is preserved.
10%
Labour Costs
80%
Corp. Profits
85%
Worker Income
90%
Purch. Power
85%
Inv. Returns

2046 outcomes with COAD — graduated from $20K (2027) to $35K (2041)

Index values (0–100) represent relative economic health across each pillar. Source data: CSIRO, IMF, McKinsey, WEF. Hover over any data point for year-by-year values.

On the Record

What the People Who Built AI Are Saying

These are not activists or theorists — they are the architects of the technology itself.

"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."
Geoffrey Hinton
Nobel Laureate in Physics | 'Godfather of AI' — CBC, 2024
"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 AI-driven unemployment that is sudden and quite steep."
Dario Amodei
CEO, Anthropic — World Economic Forum, Davos 2026
"AI is a tsunami that is building in the global economy. On average 40% of jobs are touched by AI — either enhanced or scrapped. We need to prepare now or we will be overwhelmed."
Kristalina Georgieva
Managing Director, International Monetary Fund — Davos 2026
"The next 15 years will be hell — economically. We are going to have to find a way to keep billions of people 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
Evidence Base

Every Claim Is Sourced

COAD's projections draw exclusively on peer-reviewed research, multilateral institution reports, and on-record public statements by named authorities.

International Institutions

IMF — Gen-AI: AI and the Future of Work (Jan 2024, updated 2025)
World Economic Forum — Future of Jobs Report 2025 (1,000+ employers, 55 economies)
International Labour Organization — AI & Employment Report, May 2025
OECD — Employment Outlook: Automation & Labour Market 2024–2025
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): 11.7% of US workforce replaceable now
Goldman Sachs — AI Labour Market Impact Report 2026: 6–7% of US workers face direct displacement
Anthropic — Labor Market Impacts of AI (Massenkoff & McCrory, March 2026)

Australian Sources

CSIRO — AI Future of Work Report (2024–2025)
Australian Computer Society — Digital Pulse 2025
Reserve Bank of Australia — Statement on Monetary Policy, May 2026
Australian Parliamentary Library — Research Note: AI Automation & Employment 2025
ABS — Workforce & Occupation Data (OSCA 2024)
Productivity Commission — Chair Danielle Wood, National Press Club address, 18 August 2025: AI estimated to add more than 4 per cent to Australian labour productivity over the next decade (~$116 billion in additional economic activity; ~$4,300 per Australian per year). Note: productivity uplift figure — distinct from any job-displacement estimate. Source: pc.gov.au/media-speeches/speeches/growth-mindset/
Jobs and Skills Australia — Our Gen AI Transition: Implications for Work and Skills — Final Overarching Report (2025). Most-exposed occupations: general clerks, receptionists, accounting clerks, sales and marketing professionals. Most-exposed industries: retail trade, financial and insurance services, professional and technical services.

Expert On-Record Statements

Geoffrey Hinton (Nobel Laureate) — CBC Interview, October 2024
Dario Amodei (Anthropic CEO) — World Economic Forum, Davos 2026
Mustafa Suleyman (CEO, Microsoft AI) — Fortune, 16 May 2026: AI to reach human-level performance on "most, if not all, professional tasks" within 18 months (late 2027). Sectors named: accounting, legal, marketing, project management.
Kristalina Georgieva (IMF Managing Director) — World Economic Forum, Davos 2026
Government Validation

The Federal Government Is Already Moving in This Direction

Two announcements from November–December 2024 directly validate COAD's core architecture — before COAD was ever formally presented to Cabinet.

21 November 2024 — Finance Minister

Future Fund Drawdown Deferred to 2032–33

The Australian Government formally confirmed the Future Fund will not be drawn down until at least 2032–33. The Future Fund corpus stood at AUD 269.1 billion at 31 March 2026 (up AUD 28.3 billion over twelve months, per the Future Fund Portfolio Update released 5 May 2026), with a 12-month return of 11.7 per cent against the 8.1 per cent target, and a 10-year per annum return of 8.6 per cent against the 7.1 per cent mandate target. Whole-of-agency funds under management (Future Fund agency, including MRFF, ATSILSFF, Future Drought Fund) total AUD 337.2 billion. Treasury projects the Future Fund corpus alone will reach ~$380B by 2032–33. This is the Government's own validation of COAD's Pillar 1 assumption — that the Future Fund corpus can be preserved while only its returns are deployed for citizen benefit. COAD's 7 per cent Pillar 1 planning return assumption sits comfortably below the Future Fund's reported 10-year per annum return, providing headroom in the funding model.

COAD assumes exactly this: corpus preserved, only 7% annual returns ($19B/year) deployed. The Government's own policy now confirms this is feasible and planned.
Finance Minister media release, 21 Nov 2024 →
December 2024 — Future Fund Board

New "National Priorities" Investment Mandate

For the first time in its 19-year history, the Future Fund was directed to invest with regard to three national priorities: the energy transition, residential housing supply, and Australian infrastructure. The Government explicitly stated this "lays the foundation for the Fund to become an enduring sovereign wealth fund for Australia."

COAD's proposal for a citizen dividend sovereign wealth fund is no longer a fringe concept — the Federal Government is itself reorienting the Future Fund as a broad national wealth vehicle.
Future Fund new mandate announcement →
What This Means for COAD

Government Momentum Is Running Parallel to COAD's Proposal

These developments confirm three things independently of COAD:

  • The corpus preservation model is government policy — not a COAD invention
  • The Federal Government sees sovereign wealth funds as tools for national priorities — not just superannuation
  • The ~$380B projected fund size by 2032–33 exceeds COAD's Pillar 1 assumptions, providing additional headroom — and the 31 March 2026 corpus of AUD 269.1 billion already places the Fund ahead of trajectory
Australian Workforce Exposure — May 2026

Approximately 512,200 Australians in the ten most AI-exposed occupations

COAD analysis of the Massenkoff & McCrory (2026) observed-exposure measure, applied to ABS Occupation Standard Classification for Australia (OSCA) 2024 occupational employment data, yields an exposure-weighted estimate of approximately 512,200 Australians in the ten most AI-exposed occupations. The figure measures task exposure, not confirmed job losses.

Jobs and Skills Australia (August 2025) reports that approximately 25 per cent of the Australian workforce — around 3.5 million Australians — is in an occupation with medium-to-high exposure to AI automation.

Sources: Massenkoff, M. & McCrory, P. (2026), Labor Market Impacts of AI — Anthropic, 5 March 2026; ABS OSCA 2024; Jobs and Skills Australia, Our Gen AI Transition, August 2025.
Addressing the Superannuation Question

The Future Fund's Primary Obligation — and Why It Doesn't Block COAD

A common and legitimate question: if the Future Fund was created to cover unfunded Commonwealth public servant superannuation liabilities, how can its returns simultaneously fund a citizen dividend? The answer lies in the Fund's liability trajectory and return headroom — not in a conflict between the two purposes.

Liability Trajectory

The unfunded APS superannuation liability is projected to peak at $190.5B in 2033–34, then decline steadily to $62.4B by 2060 as the old defined-benefit scheme cohort matures and exits. The liability is a net present value figure spread across decades — not a single lump-sum obligation.

Source: PSS/CSS Long-Term Cost Reports
Return Headroom

At the Fund's projected ~$380B by 2032–33, annual returns at 7% equal approximately ~$26.6B per year. The annual cash payment obligations for superannuation are a fraction of the $190.5B NPV figure — meaning substantial return headroom exists beyond what is required to service the super liability each year.

Source: Future Fund Board projections; Finance Minister, 21 Nov 2024
Mandate Hierarchy

The new December 2024 Investment Mandate Direction establishes a clear priority order: meeting superannuation obligations is the primary mandate. The three national priorities (energy, housing, infrastructure) operate under a "have regard to" obligation — expressly subordinate. Treasury has stated the Fund will "enable not only all of the super liabilities to be met over ensuing decades but also generate earnings that form the basis of an enduring sovereign wealth fund."

Source: Future Fund Investment Mandate Direction 2024
The COAD position: The superannuation liability trajectory is favourable — the Fund's projected return capacity exceeds the annual cash obligations during the 2027–2041 COAD window. However, independent actuarial certification of the available surplus return — beyond super liability servicing — is a non-negotiable prerequisite (Risk Note ASM-F09 / RR-F05) before Pillar 1 legislation is tabled. The numbers support the case; they do not yet replace the need for formal certification.
Common Objection
Why don't we just retrain everyone who loses their job to AI in something else?

It's the most intuitive response — and it's precisely what every government will try first. But agentic AI has introduced a problem that no retraining programme in history has ever faced: the destination jobs are disappearing faster than the retraining can be completed.

By the time a displaced telemarketer finishes a 12-month project management certification, agentic AI is already performing that role better than any newly trained human. The same is true across accounting, legal assistance, data analysis, HR, and dozens of other occupations people are retraining into right now — simultaneously. Retraining remains valuable, but it cannot be the only answer when the goalposts move mid-sprint.

This is why retraining alone will ultimately fail →

See How the Funding Works

The COAD calculator lets you adjust every assumption — displaced workers, payment levels, all three funding pillars — and see the fiscal outcome in real time.

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