{"id":530324,"date":"2026-03-10T05:00:07","date_gmt":"2026-03-10T05:00:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/530324\/"},"modified":"2026-03-10T05:00:07","modified_gmt":"2026-03-10T05:00:07","slug":"what-10-unemployment-due-to-ai-could-mean-for-housing-and-banking","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/530324\/","title":{"rendered":"What 10% unemployment due to AI could mean for housing and banking"},"content":{"rendered":"<p>One of the most fascinating questions posed by the artificial intelligence revolution is: what would the Australian economy look like if unemployment were to hit 10 per cent?<\/p>\n<p>While such a spike in the jobless rate is hardly unthinkable \u2013 unemployment hit almost 11 per cent in 1993, during the recession we had to have, and spiked very briefly to 7.5 per cent during the COVID crisis \u2013 Australia\u2019s impressive long-term record of steady (if unspectacular) economic growth means these moments have faded from the collective memory.<\/p>\n<p>Loading&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"One of the most fascinating questions posed by the artificial intelligence revolution is: what would the Australian economy&hellip;\n","protected":false},"author":2,"featured_media":530325,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[256,254,255,64,63,105],"class_list":{"0":"post-530324","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-au","12":"tag-australia","13":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/530324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=530324"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/530324\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/530325"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=530324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=530324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=530324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}