On Thursday, I alluded to a new e61 research report, which aligns with Macro Business’ long-held arguments that Australia’s mass immigration system is lowering Australia’s productivity and eroding living standards.
Below are key extracts from e61’s report, which highlight why Australia needs to run a smaller and more targeted immigration system that is focussed on highly skilled and highly paid workers.
“Australia’s pre-pandemic economic growth model was largely reliant on migration driven population growth, helping deliver 28 consecutive years of economic growth between 1992 and 2019”.
