According to Robert Gottliebsen, the collapse in immigration is about to send wages into the stratosphere and force employers to invest in labour saving technology. Therefore, Australia quickly needs to reboot immigration to ward off wage rises:
Australia should prepare for much higher wage and salary pressures…
I was talking to professional services firms including large accountants and they are being forced to raise salaries sharply to retain their skills base. That will also apply to manufacturers and vast areas of the building and trades.
