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The business lobby and former Treasury secretary Martin Parkinson have pushed back against suggestions that Australia should cut immigration, arguing that maintaining a strong migration program is essential to solving labour shortages and mitigating population ageing.
Dr Cameron Murray’s latest research has comprehensively debunked the notion that an ageing population threatens the economy and living standards.
Using World Bank data, Murray showed that across the developed world, the share of non-workers relative to the population is lower today across almost every developed country than it was 40 years ago.
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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.
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