‘Rack em and stack em’ immigration ponzi trashes Sydney

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Recall that the NSW Government – which last year demanded an “explosive” surge of 2 million migrants over five years to boost the economy – has joined the business lobby in ramping up pressure on the Albanese Government to open the immigration floodgates:

NSW Skills Minister Alister Henskens has called on the Albanese government to implement a ­“significant acceleration” of the nation’s skilled migration program, warning that without remedy, the acute labour shortage will continue to act as a “handbrake” on the state’s economy…

“Businesses are screaming out for workers and only a significant acceleration of skilled migration will ease pressure in industries like hospitality, healthcare and traditional trades. When it comes to the labour shortage, we need the commonwealth’s help to unlock skilled migration and allow businesses to drive our economic recovery from the pandemic”…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.