Business Council demands exponential immigration growth

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The number one recommendation of the Business Council of Australia’s (BCA) submission to the federal government’s immigration review is to set the permanent migration intake as a percentage of the total population:

Recommendation 1

In practice this would mean that the actual permanent migrant intake would continually grow alongside Australia’s population. It would create a chicken-and-egg scenario whereby the increase in immigration increases the population, causing immigration to increase again, and so on.

The BCA’s recommendation, therefore, would mean exponential growth in Australia’s immigration intake.

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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.