Business lobby accidently demands big immigration cut

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Australian Chamber of Commerce & Industry (ACCI) CEO Andrew McKellar has today called for Australia to double its ‘skilled’ migrant intake to 200,000 people a year to address purported skills shortages and boost growth [my emphasis]:

One of the country’s leading business groups says annual skilled migration must nearly double to 200,000 over the next five years to prevent a “skills crunch”…

With the country’s growth potential curtailed by weak immigration following a decade of stagnating productivity growth, ACCI chief executive Andrew McKellar told The Australian “we now have a once-in-a-­generation opportunity to pursue landmark reform”…

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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.