How to increase the workforce by 0.5 million without immigration

I argued on Monday that, instead of importing hundreds of thousands of migrants each year to address labour shortages, Australia should abolish the income test for the aged pension to encourage more seniors to enter the workforce.

Despite two decades of extreme immigration, which saw Australia’s population grow 2.5 times faster than the OECD average, Dr Cameron Murray’s latest research showed that the share of non-workers in Australia is no lower than in most other developed countries:

Even Japan, which has one of the oldest populations in the world and whose population is shrinking, has a lower share of non-workers than Australia does.