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.
Immigrants increase demand. Simple as that. Any other argument is a lie.
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Source: FinancialReview - 🏆 2. / 90 Read more »