With migrants gone, employers are lifting wages and training

MacroBusiness
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at 12:15 am on April 29, 2021 | 52 comments
Australia’s chronically low wage growth is now considered by many economists, including RBA governor Phil Lowe, as being one of the key barriers to the Australian economy’s post pandemic recovery.
As such, it is disheartening to read regular stories from the mainstream media lamenting that the loss of temporary migrant workers due to COVID has forced employers to lift wages and provide training to local workers.
The latest example of this twisted reporting comes from
The Australian’s Max Maddison who complains that the
“mass exodus of 200,000 foreign students, backpackers and skilled visa holders during the COVID lockdown” is driving the hospitality industry to increase pay and conditions to attract staff:

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