ACTU: Don’t return to mass immigration

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After spending years urging Australia’s union movement to fight back against mass immigration, the head of the ACTU, Sally McManus, finally spoke the truth via Twitter:

Too right. If we want to keep Australia’s unemployment rate low and achieve decent wage growth, we must not flood the nation with 180,000-plus migrant workers every year, as was the case pre-COVID. It’s hardly rocket science.

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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.