Phil Lowe demolished again for ‘Big Australia’ spruik

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By Leith van Onselen

As if yesterday’s demolition job of RBA Governor Phil Lowe’s speech strongly supporting Australia’s mass immigration ‘Big Australia’ program wasn’t enough, The Australian’s Judith Sloan – who was the Commissioner in charge of the Productivity Commission’s (PC) 2006 review into the Economic Impacts of Migration and Population Growth and can be considered an expert on the matter – has torn Phil Lowe apart again on Radio 2GB:

Below are some key quotes from the interview:

“Nobody is going to deny that if you bring in more people, that increases the size of the economy,” she tells Warren Moore.

“But that doesn’t mean people’s living standards are improving. That people are any wealthier.”

“I thought it was an extraordinary omission”…

“The majority of people would like the immigration intake cut. I think a democratic government should be listening to those concerns.”

“Because I don’t know where we signed up for this. I can’t remember signing up for this.”

In yesterday’s article, I debunked Lowe’s claims using Productivity Commission research, among other sources. You can read my analysis here.

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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.