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There is no wages case for a permanent cut to immigration

There is no wages case for a permanent cut to immigration
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There is no wages case for a permanent cut to immigration

There is no wages case for a permanent cut to immigration RBA governor Philip Lowe makes a reasonable point about the short-term suppression of wages in some industries. But long-run evidence shows migration lifts demand for workers. Roland Rajah Share Australia’s closed borders mean net immigration has gone into reverse, with more people leaving than arriving on our shores. The increasingly common view, reinforced by comments from Reserve Bank governor Philip Lowe yesterday, is that the absence of new immigrant workers, and the tighter labour market this is helping engender, will be good in the short term for putting upward pressure on domestic wages.

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Yes, we can Do Better : the ugly truth about racism in Australia

Yes, we can âDo Betterâ: the ugly truth about racism in Australia Weâre sorry, this service is currently unavailable. Please try again later. Dismiss Save Normal text size Advertisement If you were scandalised by the racism inside the Collingwood Football Club, cop this. All over Australia, there are Facebook groups targeting Indigenous kids by posting photos and naming those whoâve allegedly been involved in property offences. Bad enough. Then these groups encourage vigilantism. âTime these little grubs disappearedâ, âsoon enough this is going to be a bloody blood shed someones [sic] going to dieâ, âshoot every single oneâ and âwhy donât we all get a few dads together and teach these young want a be [sic] gansgters a f -ing lesson I got about 8 blokes keen as f - already letâs run these little scum bags out of townâ.

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Covid s long reach upsets the economic pecking order

China’s economy could overtake the US faster than expected but there are also implications for Australia closer to home.

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