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Throughout the immigration debate, MB has consistently argued that mass immigration is helping to hold down wages.
The economics is simple: when labour supply is continually increased via mass immigration, competition for jobs is intensified, worker bargaining power is reduced, unemployment and underemployment will remain elevated, and wages will be held down.
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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.
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