CEDA contradicts itself again on mass immigration’s ‘benefits’

Advertisement

You have got to love the clowns at the business lobby, the Committee for Economic Development of Australia (CEDA), which continues to contradict itself on the ‘benefits’ arising from the “Big Australia” mass immigration policy.

In 2015, CEDA released a report estimating that in the next 10 to 15 years, more than five million jobs – almost 40% of the current Australian workforce – have a moderate to high likelihood of disappearing due to technological advancements. CEDA also called for governments to reconsider how we deal with reskilling workers as particular fields of employment disappear.

Shortly afterwards, CEDA released another report calling for Australia to increase its skilled immigration intake – a policy that would unambiguously increase labour supply and worsen any future labour glut arising from automation.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.