High immigration is a political killer

Prime Minister Anthony Albanese indicated in January 2022—four months before the federal election—that his government would run a lower immigration policy if elected:

In The Australian, Albanese wrote that Australia had relied too long on temporary migrant workers rather than training locals, suggesting Labor would not follow the approach of former Prime Minister Kevin Rudd’s “Big Australia”.

“The lesson (is) clear: Australia is too reliant on overseas workers”, Albanese wrote.

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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.