Australian Economy

By Leith van Onselen The Australian’s Judith Sloan has re-entered the immigration debate today, debating the benefits of mass immigration and calling for a national debate on whether Australian’s want a ‘Big Australia’: Malcolm Turnbull is fond of asserting that Australia is the most successful multicultural society in the world.

By Leith van Onselen Jessica Irvine yesterday penned another shameless mass immigration spruik, entitled “Why I love a Big Australia, and you should too”, which yet again missed by a wide margin.

By Leith van Onselen Last month, several labour market experts raised concern about the proliferation of unpaid internships, which risked becoming a black market for slave labour.

Via UBS: What will be the economic impact of Amazon? The expected arrival of Amazon in Australia in late-18 will challenge many retailers (see Q-series).

By Leith van Onselen Ever since the 7-Eleven migrant worker scandal broke in 2015, there has been a regular flow of stories emerging about the systemic abuse of Australia’s various migrant worker programs.

Via Credit Suisse: Subdued coal export growth in June persists after Cyclone Debbie impact.

From Judith Sloan: On one side of the debate is the assertion that rising electricity prices are not related to the increase in the penetration of renewable energy but are the result of rising gas prices.

By Leith van Onselen The Australian’s business columnist, Terry McCrann, is the latest high profile figure to question the efficacy of Australia’s turbo-charged immigration program, penning the following over the weekend after recently returning from a holiday in Japan: In Japan ‘‘things’’ worked and worked well.

By Leith van Onselen Late last month, The Australian’s David Uren penned a spurious article in support of mass immigration and a ‘Big Australia’, claiming that it is central to Australia’s economic success and that “fertile, educated Asians are saving our economy”.

By Leith van Onselen The Australian Bureau of Statistics yesterday released its overseas short-term arrivals and departures figures for May, which continued to show a trend rise in the number of inbound tourists, with Chinese arrivals continuing to boom.

From Domainfax: Unions have warned against the privatisation of Australia’s borders, saying new plans for private operators to run the nation’s international visa system could undermine a core function of government.

By Leith van Onselen The Australian Bureau of Statistics (ABS) has released visitor arrivals and departures data for the month of May, which registered another lift in annual net permanent and long-term arrivals, which remains at turbo-charged levels.

By Leith van Onselen The Australian Institute (TAI) has released a great paper by renowned energy analyst Dr Hugh Saddler, entitled National Energy Emissions Audit – Electricity Update, which reveals a strong correlation between domestic electricity prices and gas prices, despite gas making up only 10% of electricity generation.

Via Westpac: A meaningful improvement in the labour market conditions.

By Leith van Onselen The Turnbull Government’s taskforce on the black economy is expected to release its final recommendations in October 2017.

Please find above my telephone interview on Radio 2GB yesterday afternoon, which focuses on Sydney.

By Leith van Onselen The Turnbull Government clearly has no interest in managing Australia’s borders, nor reining-in Australia’s brake-neck population growth, with the Department of Immigration set to hand over administration of Australia’s visa system to private operators.

CBA senior economist, Gareth Aird, gave a ripping interview on Radio 2GB yesterday afternoon, whereby he demolished Australia’s mass immigration-fuelled ponzi economy and once again urged Australia’s politicians to place greater emphasis on individual living standards over headline growth.

Last night Canada hikes interest rates into its increasingly troubled housing correction as growth motors along nicely.

Yesterday saw the release of business and consumer survey data and it continued a trend that has been in place now since the Coalition came to office in 2013.

Via Peter Martin today comes the Australia Institute: “When the rises flow through, retail prices will be the highest ever in real as well as nominal terms,” writes Australian National University specialist Hugh Saddler in a report to be released on Thursday by the Australia Institute.

Cross-posted from Martin North.

Immediately preceding me on The Bolt Report last night, Cory Bernardi was interviewed and called for Australia’s mass immigration program to be halved.