Switching jobs is one the best ways to secure better pay and career progression. But falling job mobility is making that harder, and there are concerns the growing use of artificial intelligence could result in even bigger changes to the workforce.
00:00Running her own salon is no longer working for hairdresser Lisa Seeger.
00:07It's taking its toll physically and financially.
00:10If I can't get a better paying job, because I'm a sole income single parent paying a mortgage on my own,
00:18I'm looking at probably having to sell my house.
00:21I think that's like a bit more interesting than just something like this, but I also just want something that's super simple.
00:26Lisa's been searching for work in sales, customer service and local government.
00:31Some hair out with a curl on both sides.
00:35But she's faced a series of rejections.
00:38It's been really disheartening and disappointing.
00:41I'm really questioning my worth because I thought that I had a lot to offer
00:45and I thought that I'd have transferable skills from running my own business.
00:49The ability to change jobs is key to career and pay progression.
00:54Often a business will increment your wage, but you can get bigger wage jumps when you switch roles
01:00or you can move into a higher position at a different business.
01:05But the job mobility rate has been falling over the past three years, from 9.5% to 7.7%.
01:13And while still low, the unemployment rate of 4.3% has been on an upward trajectory for the past three years.
01:22The number of jobs being advertised has also fallen over the past year.
01:25So it's just generally a bit of a harder time to find a new job.
01:29While there are skill shortages in some sectors, for others the jobs market is getting tighter.
01:35And there are concerns artificial intelligence could lead to further disruption, particularly for white collar workers.
01:43There are calls for the federal government to prepare now.
01:46Is there a case for unemployment insurance?
01:49If lots of people are out of work, there could be a case for loosening the rules around early access to super.
01:54And while the job market of the future may be uncertain, Lisa Seger is determined to show her daughter that a career change is possible.
02:03I'm going to continue to be resilient and try to find a better job that pays better money that I can provide for her and keep a roof over our heads for the future.
02:12For more information, please visit www.meth.org
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