Dr Liz Allen has no idea what she is talking about

Advertisement

None:

Mass immigration is the number one inequality problem in the country causing:

  • lower wages;
  • higher house prices;
  • crush-loading of infrastructure for working classes in the areas where migrants mostly settle.

These all hit youth and working classes hardest while a narrow set of corporate interests make rentier gains. That’s why they love it so much.

Advertisement

Other issues like ageing population aging can be resolved easily via productivity reform, participation measures and technology without an immigration class war.

Indeed, social inequality or class warfare is exactly why MB is against the mass immigration growth model. It’s not just us. All of the above has been described at length by the Productivity Commission which long ago concluded that all of the gains of mass immigration go to the migrants and capital and that an ageing population can never be solved by immigration.

It’s extraordinary, I know. Dr Liz Allen actually has no idea what she is talking about.

Advertisement
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.