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Economist Gerard Minack has warned that the huge rise in labour supply from mass immigration is holding down Australian wages:
Gerard Minack, an economist and principal at Minack Associates, said when compared with the boomer generation, the economic choices of recent generations are much more limited.
“Well, young Australians are facing a hell of a hill,” he told 7.30.
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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.