RBA destroys skills shortage myth

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By Leith van Onselen

For years business lobbyists have argued that Australia needs to run a mass immigration program to counter chronic skills shortages across the economy. For example, last week Fairfax printed the following:

Chief executives of some of Australia’s biggest companies have thrown their support behind the nation’s immigration program, saying it is crucial for bringing in the skilled workers they need and underpins economic growth…

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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.