Use pensioners to solve labour shortages

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Like other advanced nations, Australia is facing pressures from an ageing population.

The federal government has tried to mitigate these ageing pressures by running a high immigration policy to mitigate labour shortages and increase the number of taxpayers.

Former senior immigration department bureaucrat Abul Rizvi believes that Australia’s annual net overseas migration will average 300,000 under current immigration policy settings. Such an immigration level had only ever been achieved once in Australia’s history before the pandemic: in 2008-09 under “Big Australia” Kevin Rudd:

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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.