Backlash against higher ‘skilled’ migrant wage floor

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The Grattan Institute recently proposed to introduce an $85,000 wage threshold for permanent skilled migrants – “the equivalent of median annual full-time earnings” – alongside abolishing “clunky and out-of-date occupation lists”.

Grattan also proposed raising the minimum salary threshold for sponsoring a temporary skilled migrant from $53,900 a year to $70,000 – i.e. still around $15,000 below the full-time median wage (which includes unskilled workers).

Yet, the Australian Chamber of Commerce & Industry (ACCI) claims these wage thresholds are too high and will prevent employers from hiring lower-paid ‘skilled’ migrants (an oxymoron):

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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.