Migration blindspot renders productivity roundtable useless

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A key reason for the decline in Australia’s productivity and living standards is that the country has grown rapidly through mass immigration.

World Bank data presented below shows that Australia’s population increased by 45% (circa 8.5 million) in the first 25 years of this century, the strongest growth in the advanced world.

Population change

However, Australia has failed to provide the extra workers with extra tools, machinery, and technology; extra homes for the millions of extra families; and extra infrastructure (roads, rail, schools, hospitals, water supplies, energy, etc.).

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Productivity and immigration

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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.