Immigration rebooted with international student border exemption

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Via the AFR:

Universities could fly in thousands of foreign students under strict quarantine conditions to stem their mounting financial losses and reboot a vital sector of the Australian economy, the expert committee advising the government suggests.

Amid moves to reopen the economy by July, businessman Nev Power, who heads the National COVID-19 Coordination Commission, also said getting office workers back to work must be a priority because that would have huge spin-offs for the cafes, restaurants, dry cleaners and other services which rely on them.

He also backed company tax cuts or investment allowance schemes to attract investment in the recovery stage, warning other countries would be offering similar lures as they sought to rebuild their economies.

Foreign students are, of course, the key input into mass immigration, which will also be rebooted ASAP.

What we are going see from ScoMo is the same thing we have always seen:

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  • massive people inflows to support property prices;
  • trickle-down deform to ensure all adjustments are foisted onto labour.

Labor and the union movement with embrace this as well.

That said, there has to be a question over demand. What parents want their kids overseas today? Will kiddies come when there are no jobs? What of Chinese threats that already had numbers falling?

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If ScoMo succeeds, brace for wages evisceration as the entire virus adjustment is foisted onto labour.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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