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AI and the failure of economics

By Ben Rees - posted Monday, 9 March 2026

How will income distribution be affected and managed?

What new industries will counter the employment impact of AI?

What type of training will the future workforce require?

What AI preparation is being structured by contemporary tertiary institutions?

Contemporary generations are working under the real outcome of the economic ideology of the Baby Boomers and Gen X. As contemporary generations continue to outnumber earlier generations, inequalities across society can only worsen. As AI becomes adopted by Australian industries, the impact upon modern generations must be addressed. The time to plan is now not sometime in the future.

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About the Author

Ben Rees is both a farmer and a research economist. He has been a contributor to QUT research projects such as Rebuilding Rural Australia. Over the years he has been keynote and guest speaker at national and local rural meetings and conferences. Ben also participated in a 2004 Monash Farm Forum.