Mining industry: Wage inflation returning. Bring in more migrants!

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By Leith van Onselen

Australia’s mining industry continues to ramp-up rhetoric about so-called skills shortages and wage pressures, softening-up the government to open the immigration floodgates.

Over the weekend, mining giant Rio Tinto complained that wage inflation is likely to return as demand for resource workers rises. From The AFR:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.