Gotti upset as two people fly home on busted 457s

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From doddering Gotti today:

The federal government’s clamp down on overseas workers and the emotional rhetoric that goes with it has improved its voter appeal as measured in the polls. But unless immigration minister Peter Dutton gets the detail right, it will backfire dramatically and cost far more jobs than it generates.

…In the detail they have slipped up and are attacking highly-paid senior executives and skilled appointments, thus creating the danger of sending many thousands of Australian jobs to New Zealand, Singapore and elsewhere.

…Rather than make generalised comments, let me provide three illustrations, which are typical of many hundreds (and possibly thousands) of situations. All those involved have been hired on salaries of between $100,000 and $300,000. They are highly skilled global operators.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.