Creating jobs through NBN-enabled telework has been saved
Creating jobs through NBN-enabled telework
Deloitte Access Economics
Australian business and the public sector face a future of digital disruption – the impacts of which will be significant, but also the drivers of innovation, opportunity and new ways of doing things.
The Australian Government’s Department of Broadband, Communications and the Digital Economy commissioned Deloitte Access Economics and market research agency Colmar Brunton to support an investigation into the degree to which new jobs might be created with the rollout of the National Broadband Network (NBN), increased telework opportunities and the impacts of this on Gross Domestic Product in the Australian economy.
In summary, the report’s economic modelling found that:
- NBN-enabled telework may create 25,000 additional jobs in fulltime equivalent terms by 2020-21, with around 10,000 of these created in regional Australia
- The NBN is expected to create up to 18,000 construction jobs at the peak of its rollout (around 13,000 in FTE terms)
- Through telework, the NBN will create twice many jobs – on an ongoing basis – with this significant structural change to the labour market resulting in an increase in labour force participation
- GDP is expected to be $3.2 billion higher in 2020-21 and $8.3 billion higher in net present value for the period 2012-13 to 2020-21.