Australian workers face Indian assault

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Australian workers are facing a two-pronged threat from India.

First, Iqbal Singh, founder of financial advisory firm Innovative Consultants, warns that Australian jobs risk being offshored to India for as little as 10% of the cost:

“Support staff, IT, finance, mortgages, all of those can be supported because of a lower-cost and at the same time English-speaking workforce”, Singh said.

“One of the largest opportunities I personally feel is [for] institutions to outsource these kinds of opportunities in India”, he added.

Second, while Australian jobs are being outsourced to India, the treasonous Albanese government has signed two migration pacts that will more easily allow cut-price Indian workers to migrate to Australia to compete for jobs.

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Specifically, under the Mechanism for Mutual Recognition of Qualifications“Indian qualifications will be recognised in Australia” for the purposes of further study and general employment.

This mutual recognition of qualifications extends to secondary school, vocational, and university qualifications, many of which can be obtained via one of India’s many sham ghost colleges.

Prime Minister Anthony Albanese also signed the Australia-India Migration and Mobility Partnership Agreement, making it easier for Indian students, academics and professionals to live, study and work in Australia.

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The Agreement includes the following provisions that are ridiculously generous to Indian ‘students’:

  1. Five year student visas, with no caps on the numbers of Indians that can study in Australia.
  2. Indian graduates of Australian tertiary institutions on a student visa can apply to work without visa sponsorship for up to eight years.

India is both the largest and youngest country in the world, with around two-thirds of its 1.4 billion residents under the age of 30.

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Moreover, India’s unemployment rate of 10.1% in October was around triple that of Australia’s, while Indian youth unemployment sits at a whopping 23%.

Thus, there is a giant underclass of young and poor Indians that will be chomping at the bit to come to Australia to work and live long-term.

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.