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The latest Edelman Trust Barometer survey revealed that more than half of employees globally are concerned about job competition from low-wage migrants, as well as foreign competition more broadly:
These concerns extend to Australia, where 48% of employees are concerned about job competition from migrants:
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Interestingly, the open borders zealots at The Economist have released a new report on the US Economy, which reveals that lower rates of immigration are helping to boost wages, especially for Americans at the lower end of the labour market:
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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.