RBA: Albo’s immigration is a productivity killer

Since our inception, MacroBusiness has argued that the ‘Big Australia’ mass immigration policy is a productivity killer.

Because of this mass immigration, Australia’s population has increased by more than six million people this century. At the same time, business investment has plummeted:

As a result of the immigration boom, the stock of capital per worker has decreased, resulting in “capital shallowing” and declining productivity.