You will be a serf on a UBI, completely chained to the social credit system

https://www.dailymail.co.uk/news/article-12241177/The-Australian-suburbs-AI-likely-jobs-create-middle-class-rust-belt.html

The suburbs where AI is likeliest to take your job and create a middle class 'rust belt' starting in just two years' time - sending house prices plunging across Australian cities

• Melbourne set to be worst affected by AI

• AI tipped to replace white collar jobs soon

Mortgage belt suburbs with a high concentration of white-collar professionals risk being turned into middle class 'rust belts' in just two years as artificial intelligence rapidly replaces jobs, a data expert says.

An analysis by Suburbtrends showed Melbourne is home to 14 of the 20 worst affected postcodes across Australia, with Sydney taking four spots and regional NSW having two places: Dubbo and Port Macquarie.

The property data group's founder Kent Lardner said AI and its large language models were likely to soon be performing the jobs now done by public servants and business administrators.

It is also poised to take over many jobs from lawyers to accountants, journalists to bankers, in as little as two years.

'It would not be out of the question in select suburbs, especially where they are dominated by a few employers that could adapt to AI and automation rapidly,' he told Daily Mail Australia.

'However the most likely scenario is a staggered impact.'

The sudden loss of jobs sparked by the emergence of ChatGPT and other emerging technologies risks creating severe change across society, putting a massive strain on government welfare payments.

Futurists have forecast that just about all white-collar jobs that centre on knowledge of, and processing of, information will soon be done by computers.

Mr Lardner likened the sudden demise of professional jobs - based on processing information - to the closure of American car factories in Detroit and the shutdown of coal mines in northern England.

Middle and outer suburbs of Australia's biggest cities - where more people are paying off a mortgage - are set to be the worst affected by the accelerating technological changes.

Mortgage belt suburbs with a higher concentration of white collar professionals risk being turned into middle class 'rust belts' in coming years as artificial intelligence rapidly replaces jobs, a data expert says (pictured is Tarneit in Melbourne's west)

An analysis by Suburbtrends showed Melbourne home to 14 of the 20 worst affected postcodes

'White collar areas are going to have the same, potential impact as those rust belt communities,' Mr Lardner said.

Suburbs most at risk of AI taking away jobs

1. MELBOURNE CBD: 16,490 jobs 2. POINT COOK, Melbourne west: 16,132 jobs 3. CRAIGIEBURN, Melbourne north: 12,667 jobs 4. BERWICK, Melbourne south-east: 12,092 jobs 5. TARNEIT, Melbourne west: 12,069 jobs 6. RESERVOIR, Melbourne north: 11,440 jobs 7. PAKENHAM, Melbourne south-east: 11,393 jobs 8. BLACKTOWN, Sydney west: 10,340 jobs 9. WERRIBEE, Melbourne west: 10,313 jobs 10. CASTLE HILL, Sydney north-west: 10,165 jobs 11. GLEN WAVERLEY, Melbourne south-east: 9,942 jobs 12. RICHMOND, Melbourne inner east: 9,812 jobs 13. BAULKHAM HILLS, Sydney north-west: 9,403 jobs 14. DUBBO, New South Wales central west: 9,209 jobs 15. PARRAMATTA, Sydney west: 8,998 jobs 16. PORT MACQUARIE, New South Wales mid north coast: 8,938 jobs 17. PRESTON, Melbourne north: 8,922 jobs 18. MOUNT WAVERLEY, Melbourne south-east: 8,813 jobs 19. ROWVILLE, Melbourne south-east: 8,809 jobs 20. SUNBURY, Melbourne north-west: 8,777 jobs

'There's a massive risk of rust-belt suburbs.

'We've got whole communities and towns in the last 100 years that actually couldn't transition - its community broke down because there was no employment.

'We're going to find concentrations akin to that but not in industry but in white collar jobs.'

The change will make the push for a universal basic income more urgent.

Under such a model, those businesses which see profitability soar due to not having to pay staff would be heavily taxed to give redundant workers enough money to live.

Without such payments to the laid-off workers, consumer spending power would plummet and many businesses collapse.

'There will be job losses,' Mr Lardner said.

'The question will be, "Can workers transition to where the jobs are needed?"

'This is going to be too big and too fast for anything other than universal basic income - I think it's the only option.

'I don't think we can transition fast enough otherwise we'll pull up the fabric of society if we don't do something.'

Melbourne's central business district was tipped to lose the most jobs - 16,490 - with the Victorian capital having 14 spots on the top 20 list based on the potential job losses of its residents.

The Victorian capital's suburbs such as Cragieburn, Berwick, Tarneit, Reservoir, Pakenham, Werribee, Glen Waverley and inner-city Richmond are also on the list.

'Typically, we find a lot of those Melbourne suburbs do have information, media, telecoms, professionals, scientific, finance, insurance services - there's a lot of large employers that have head offices down in Melbourne,' Mr Lardner said.

As the number of people able to afford mortgages plummets, house prices would drop dramatically.

Places with profiles like Blacktown in Sydney's west are particularly at risk; where houses typically cost more than $1million and a higher proportion of residents have an expensive mortgage.

This is where 10,340 jobs are under threat.

Sydney had four spots on the top 20 danger list, including Castle Hill and Baulkham Hills in the city's nearby north-west, along with Parramatta.

'People will be forced to sell,' Mr Lardner said.

'The concern will be - we're at the top of the table up there with Hong Kong for house prices - so this is where we start to use the term bubble because house prices are so high.