Australia is a country built on immigration. Indeed today, almost 30 per cent of the population was born outside the country. Since Federation our population has grown by around 2 per cent a year .
Countries with poor performance were typically ravaged by war or civil unrest and impacted by hyperinflation. The best performing countries, of which Australia topped the list, were generally resource rich, new world countries with strong population growth and good corporate governance environments. Immigration also drives gross domestic product growth. A research paper from the Australian Treasury found that population growth through immigration not only grows absolute GDP levels but makes a significant contribution to GDP per capita numbers.improvement in GDP per capita over the last 40 yearsOften one of the greatest fears surrounding immigration is how it will impact employment – essentially that it will take jobs from the existing population.
contribution to the strong economic growth ever since. Women brought new and diversified skills to the workforce whichThe same can be said for immigration. Immigrants bring new and diverse skills to the existing workforce which in turn drives productivity and innovation.
Productivity and innovation are driven by high labour costs whereas immigration drives wages down. And the majority of Oz immigration intake is low skilled.
Whenever this figure of 30% foreign born is quoted, the implication is that it’s a reason to continue/increase high levels of mass immigration. For any country that wants to avoid becoming a population vortex, a mere economic entity, this statistic should scream it’s time to STOP
Hows that productivity growth been since we have added another ~ 2mil bodies since 2016?
Is that right? Despite Australia bringing millions of diverse workers in the last 15yrs productivity has been going backwards & we now have the least complex economy in the OECD.
I've been listening to this BS my entire life. Back in the 1970's our population was around half, everyone had a job & a house, no waiting lists for hospitals or schools. No traffic jams. More beauty, more peace. More life. Less is more population
fin review what a joke you are hope the donor money is worth your journalistic integrity
any googling for 'population growth and poverty' reveals the truth. population growth leads to poverty. proven fact.
We just had record levels of immigration in 2022, the likes of which have never been seen before in this country, and which has caused the rental crisis to become the worst since the Depression, yet you're still pushing for more migrants. Unbelievable.
Respectfully, If AFR wrote some articles debunking big Australia and exposing the vested interests behind it & their influence on the political, financial and economic establishment, now THAT would get clicks and likes.
No. Immigration is destructive & damaging to the environment & to the existing citizens' cohesion. It's harmful.
Australia should have a set population growth target like what the rba has with inflation. Pop growth 1.6%, natural growth topped up with immigration and refugees
Where will they live though? No mention of the current housing crisis.. Paul Taylor 🤡
The AFR knows that the solution to EVERY problem Australia faces is MORE immigration! Doesn't mater where they are from so long as our Banks can sell them credit and our property developers can become richer than God by housing them. Helps the environment too! (Liars!)
rubbish
Dude claims it leads to better investment returns without offering any data. All ords avg annual returns 27 years pre John Rodent Howard kicking off big Australia: 15.28% 27 years post: 10.00% Accounting for inflation it's 7.71% vs 7.43%
Completely ignoring the fact that automation, AI, driverless cars etc. are about to change EVERYTHING.
By this short term corporate profit-driven logic we should import the whole world of 8B into Australia. The key question is the impact on the natural capital (water, soils, mineral resources, forests...) that sustains the quality of life of ALL of us - AND OUR ECONOMY.