NZ Labour embraces immigration ponzi


In the lead-up to the September 2017 general election, the New Zealand Labour Party announced a plan to reduce net overseas migration by around a third in order to relieve chronic housing and infrastructure pressures (especially around Auckland):

“In recent years our population has been growing rapidly as record numbers of migrants arrive here. This has happened without the Government planning for the impact immigration is having on our country”, Labour promised.

“This has contributed to the housing crisis, put pressure on hospitals and schools, and added to the congestion on roads”.

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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.