What’s Next at Work? Much Change, and Likely Some Pain for Employees
Kanebridge News
    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,664,237 (-0.59%)       Melbourne $1,033,450 (+0.65%)       Brisbane $1,081,028 (+0.65%)       Adelaide $985,065 (+1.78%)       Perth $950,560 (-0.18%)       Hobart $777,999 (+0.89%)       Darwin $786,482 (+1.68%)       Canberra $952,466 (-2.00%)       National $1,094,758 (-0.02%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $782,104 (+0.40%)       Melbourne $498,897 (+0.23%)       Brisbane $701,683 (+2.16%)       Adelaide $513,743 (+2.48%)       Perth $535,535 (+0.22%)       Hobart $517,946 (+0.06%)       Darwin $387,696 (-0.18%)       Canberra $486,097 (+1.41%)       National $578,371 (+0.96%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 11,905 (+214)       Melbourne 13,995 (+360)       Brisbane 8,080 (-32)       Adelaide 2,812 (+63)       Perth 7,563 (+9)       Hobart 1,219 (-23)       Darwin 158 (-3)       Canberra 1,092 (+27)       National 46,824 (+615)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 9,269 (+98)       Melbourne 7,693 (+15)       Brisbane 1,591 (-38)       Adelaide 442 (+7)       Perth 1,605 (-9)       Hobart 215 (-13)       Darwin 289 (-12)       Canberra 1,183 (+20)       National 22,287 (+68)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $800 ($0)       Melbourne $595 ($0)       Brisbane $650 ($0)       Adelaide $630 ($0)       Perth $700 ($0)       Hobart $560 ($0)       Darwin $725 (+$25)       Canberra $700 (-$10)       National $678 (+$2)                UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $750 ($0)       Melbourne $590 ($0)       Brisbane $650 ($0)       Adelaide $525 (-$5)       Perth $650 ($0)       Hobart $498 ($0)       Darwin $520 (-$60)       Canberra $580 ($0)       National $606 (-$7)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 5,789 (-25)       Melbourne 7,602 (+102)       Brisbane 3,854 (+40)       Adelaide 1,449 (+10)       Perth 2,298 (+17)       Hobart 233 (+17)       Darwin 84 (+1)       Canberra 469 (+14)       National 21,778 (+176)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 7,814 (+1)       Melbourne 5,490 (+10)       Brisbane 1,803 (-14)       Adelaide 422 (+10)       Perth 757 (+29)       Hobart 94 (0)       Darwin 85 (-4)       Canberra 567 (+2)       National 17,032 (+34)                HOUSE ANNUAL GROSS YIELDS AND TREND       Sydney 2.50% (↑)        Melbourne 2.99% (↓)       Brisbane 3.13% (↓)       Adelaide 3.33% (↓)     Perth 3.83% (↑)        Hobart 3.74% (↓)     Darwin 4.79% (↑)      Canberra 3.82% (↑)      National 3.22% (↑)             UNIT ANNUAL GROSS YIELDS AND TREND         Sydney 4.99% (↓)       Melbourne 6.15% (↓)       Brisbane 4.82% (↓)       Adelaide 5.31% (↓)       Perth 6.31% (↓)       Hobart 4.99% (↓)       Darwin 6.97% (↓)       Canberra 6.20% (↓)       National 5.45% (↓)            HOUSE RENTAL VACANCY RATES AND TREND       Sydney 2.0% (↑)      Melbourne 1.9% (↑)      Brisbane 1.4% (↑)      Adelaide 1.3% (↑)      Perth 1.2% (↑)      Hobart 1.0% (↑)      Darwin 1.6% (↑)      Canberra 2.7% (↑)      National 1.7% (↑)             UNIT RENTAL VACANCY RATES AND TREND       Sydney 2.4% (↑)      Melbourne 3.8% (↑)      Brisbane 2.0% (↑)      Adelaide 1.1% (↑)      Perth 0.9% (↑)      Hobart 1.4% (↑)      Darwin 2.8% (↑)      Canberra 2.9% (↑)      National 2.2% (↑)             AVERAGE DAYS TO SELL HOUSES AND TREND       Sydney 31.4 (↑)      Melbourne 30.7 (↑)        Brisbane 33.3 (↓)     Adelaide 29.3 (↑)      Perth 39.6 (↑)      Hobart 35.5 (↑)        Darwin 32.1 (↓)     Canberra 30.7 (↑)      National 32.8 (↑)             AVERAGE DAYS TO SELL UNITS AND TREND       Sydney 31.2 (↑)      Melbourne 30.6 (↑)      Brisbane 34.1 (↑)      Adelaide 26.0 (↑)      Perth 40.0 (↑)      Hobart 31.3 (↑)      Darwin 40.5 (↑)        Canberra 39.2 (↓)     National 34.1 (↑)            
Share Button

What’s Next at Work? Much Change, and Likely Some Pain for Employees

At the Journal’s Future of Everything Festival, many predicted work could shift, jobs will vanish and some employees might be displaced; ‘there’s going to be disruption’

By CHIP CUTTER
Thu, May 4, 2023 8:55amGrey Clock 3 min

Workers, brace yourselves.

The rise of artificial intelligence and other new technology may mean plenty of roles and professions shift in the coming years, displacing some employees and requiring far different skills and training, according to executives in a range of industries.

In sessions at The Wall Street Journal’s Future of Everything Festival this week, some leaders gave blunt assessments of the coming transition and said current employees may not be able to adapt.

“This is the hard part: I’m not sure we can upskill everyone. I don’t think they’re going to make it. It’ll take too long,” said Jim Farley, CEO of Ford Motor, in an onstage interview on Wednesday. “There’s going to be a big shift in know-how in the company.”

At Ford, the automaker will still need traditional roles such as powertrain engineers and supply-chain specialists to help it manufacture vehicles, but it will also require employees with more digital expertise, Mr. Farley said. The company has been recruiting more technical employees, and its office in Silicon Valley is now full of such workers, he said.

“There’s a new skill set we’re going to need, and I don’t think I can teach everyone,” he said. “It’ll take too much time. So there’s going to be disruption.”

For years, workplace specialists predicted that technology would upend work, often warning that blue-collar jobs could be most affected by automation. More recently, though, many leaders see AI as having a far greater potential impact on corporate employees than hourly workers.

At the hotel giant Hilton, CEO Chris Nassetta said he could see AI being used in marketing, revenue management, customer insights and finance functions in the company.

Many executives said they were still unclear about AI’s role inside companies, and some expressed optimism about how the technology could free workers from drudgery.

Slack CEO Lidiane Jones. PHOTO: JUSTIN J WEE FOR THE WALL STREET JOURNAL

“AI is going to take away a lot of mundane tasks from people and hopefully free people up to spend more time creatively, spend more time with the people they want to spend time with,” said Marissa Mayer, the former Yahoo CEO. She is now the CEO and co-founder of the startup Sunshine, whose product helps people to better manage their digital contacts.

Others said AI potentially could help with tasks such as summarising messages from colleagues, freeing employees from reading hundreds of emails and other communication.

“When there is so much happening in organisations, AI can also help you focus,” said Lidiane Jones, CEO of the messaging platform Slack. “So out of my 5,000 pings, what are the things that I should really prioritise?”

Labor leaders said they, too, were eyeing AI’s influence on the workplace. Sara Nelson, the international president of the Association of Flight Attendants-CWA, AFL-CIO, said she hopes any sort of efficiency benefits achieved through AI would be shared with workers.

“Workers really need to be at the table to make sure that these are going to be technologies that are going to work for us, and give us more tools to do our job,” she said. “So we do want to implement these things in a way where, No. 1, we are sharing the benefits of that productivity, and that’s going into everyone’s pockets who’s a part of that company.”

Beyond technology, executives said they were seeing other changes in the job market. It is now easier to hire cooks, housekeepers and other hotel employees than it was earlier in the pandemic, Hilton’s Mr. Nassetta said, though he added that the hospitality industry is still dealing with some labor shortages. He also called for changes to immigration policies to enable more workers to come to the U.S.

“There just aren’t enough people in our country in terms of service-level jobs to do the things that we need to do,” he said. “If we don’t think about immigration really sensibly, we’re eventually going to stunt the growth of our economy.”

New York City Mayor Eric Adams said his administration was considering flexible hours and other benefits to get more people to take jobs with the city. Mayor Adams also said he was concerned by layoffs among financial companies in New York.

“It’s crucial that we stabilise Wall Street,” he said. “Wall Street is so important to the economic stability of the city.”

Throughout the event, a number of speakers also sprinkled their remarks with guidance for professionals looking to navigate the challenges of careers. Fashion designer Michael Kors said he made the biggest mistakes in his career when he became too focused on others.

“You cannot constantly be looking at everyone else. You can’t look over your shoulder. You have to do what’s right for you,” Mr. Kors said. “Listen to your gut. Move slowly. Stay focused.”



MOST POPULAR

A rare slice of Sydney history, Coolabah blends Victorian grandeur with modern luxury in the heart of Greenwich; once home to Lane Cove’s first Lord Mayor and now listed with a $6.5m guide.

Bhutan is pioneering a new frontier in travel by allowing tourists to pay for flights, visas, hotels and even fruit stalls using cryptocurrency via Binance Pay.

Related Stories
Money
BHUTAN LAUNCHES WORLD-FIRST NATIONAL CRYPTO PAYMENT SYSTEM FOR TOURISM
By Jeni O'Dowd 14/05/2025
Money
9 Ways the Latest Rate Cuts Can Save You $10,000 a Year
By Helen Baker 06/05/2025
Money
Gold Is Beating Everything. How to Get a Piece of the Action
By JACK HOUGH 24/04/2025
BHUTAN LAUNCHES WORLD-FIRST NATIONAL CRYPTO PAYMENT SYSTEM FOR TOURISM

Bhutan is pioneering a new frontier in travel by allowing tourists to pay for flights, visas, hotels and even fruit stalls using cryptocurrency via Binance Pay.

By Jeni O'Dowd
Wed, May 14, 2025 2 min

Bhutan has become the first country in the world to implement a national-level cryptocurrency payment system for tourism, marking a major milestone in digital innovation and travel.

Launched in partnership with Binance Pay and Bhutan’s fully digital DK Bank, the system enables travellers with Binance accounts to enjoy a seamless, end-to-end crypto-powered journey. More than 100 local merchants, from hotels and tour operators to small roadside vendors in remote villages, are already live on the system.

“This is more than a payment solution — it’s a commitment to innovation, inclusion, and convenience,” said Damcho Rinzin, Director of the Department of Tourism, Bhutan.

“It enables a seamless experience for travellers and empowers even small vendors in remote villages to participate in the tourism economy.”

Using supported cryptocurrencies, tourists can now pay for nearly every part of their trip, including airline tickets, visas, the Sustainable Development Fee (SDF), hotel stays, monument entry fees, local guides, and shopping, all through secure static and dynamic QR code payments.

Binance CEO Richard Teng praised the move, saying: “We are excited to partner with Bhutan as we are not only advancing the use of cryptocurrencies in travel but also setting a precedent for how technology can bridge cultures and economies. This initiative exemplifies our commitment to innovation and our belief in a future where digital finance empowers global connectivity and enriches travel experiences.”

Known as the “Kingdom of Happiness,” Bhutan has long prioritised Gross National Happiness over GDP, with a strong focus on sustainability, cultural preservation, and societal well-being. The new system aligns with these values by reducing payment friction and bringing financial inclusion to local communities.

Among the key features of the system:

  • Seamless Experience: Tourists can pay with crypto for all travel-related expenses.

  • Inclusive Reach: Small vendors, even in remote areas, can accept QR code payments.

  • Lower Fees: Transactions cost significantly less than traditional payment methods.

  • Comprehensive Support: More than 100 cryptocurrencies supported, including BNB, BTC, and USDC.

  • Secure and Instant: Real-time confirmations, 2FA, and encrypted transactions via the Binance app.

Behind the local settlement mechanism is DK Bank, Bhutan’s first fully digital bank. Licensed by the Royal Monetary Authority of Bhutan, it aims to deliver accessible financial services to all, including marginalised and unbanked communities.

The launch is being hailed as a bold step forward in integrating digital finance with global tourism — one that could set the benchmark for other nations looking to modernise the travel experience while empowering their local economies.

MOST POPULAR

The motor sport famed for its fast cars, glamorous lifestyle and Champagne finishes is trying to halve its emissions by 2030.

Living to 100 takes more than good genes—researchers say grit, a positive mindset, and a little stubbornness might be just as important as diet and exercise.

Related Stories
Money
OpenAI in Talks for Huge Investment Round Valuing It Up to $300 Billion
By BERBER JIN and DEEPA SEETHARAMAN 31/01/2025
Money
Gold Is Beating Everything. How to Get a Piece of the Action
By JACK HOUGH 24/04/2025
Money
The Japanese Sake Masters Swimming Against a Rising Tide of Whisky
By DON NICO FORBES 19/03/2025
0
    Your Cart
    Your cart is emptyReturn to Shop