As Dr Karl starts his speech on “The Challenge of Change” let’s begin by talking about time. We can look back in time using historical records to understand our past but attempting to predict the future is much harder to work out.
But why should we be interested or concerned about predicting the future?
The reason is because if we can predict what may happen in the future we can understand what challenges we may face and how we can plan for such challenges and potentially enjoy a better future. Today Australians are facing unprecedented change and tremendous challenges, but more about that in a minute…
Challenge of Change Intro Video (I minute)
The Intergenerational Report or (IGR) commissioned Australian Federal Treasury is a great starting point in understanding the challenges of change. This report is created by the sharpest minds in Australia using the very best data available, to tell us what may happen in the future. This report is used by large corporations, business, economists, scientists and the Federal Government to understand our nation right here and now as well how we can plan for the future.
Firstly the IGR is a snapshot of today, it looks at where we are right now, our population, workforce and our national budget. This is very important because if you don’t know where you are right now then how can you know where we are heading? Secondly it tells us how Australia has changed and is changing and thirdly it’s a projection into the future in fact this document gives us the very best possible estimate of the future and the challenges we face and where the opportunities to combat our challenges may come from. Once we understand this we also understand the importance of preparing for the future. As we have already stated it is very difficult to predict the future however we can plan for the “what if scenarios”. So what exactly are the challenges we all face…
These are some of the relevant issues uncovered by the IGR
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