Bruce Billson, federal small business minister, said many of these opportunities result from the fact that Australians are living longer.
“It is wonderful to know that Australians are living longer, better lives," This means as a nation we must be set to support this great news. We need to take steps today to care for our future.
“Many Australian small businesses operate in the areas of disability, health and aged care which means an ageing population can bring enormous opportunities in the services sector. Today’s Intergenerational Report indicates these sectors are expected to grow much more rapidly than the rest of the economy.”
Mr Billson said technological change also presents a world of opportunities for small business.
“Australian small businesses have an extraordinary track record of being agile and early adopters of new technology and innovative practices. I am certain this means they will be best placed to grasp these opportunities.”
“Small businesses, representing the vast majority of businesses in Australia, will have a critical role to play in lifting productivity and workforce participation so that we maintain the improvements in living standards we have been accustomed to,” Mr Billson said.
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