Australia has had solid economic growth over the last generation, at least on paper. Experts will always debate the interpretation of the statistics and figures. But part of the story is immigration. Bringing more people into the country makes for a bigger economy, but how this affects the individuals and businesses is another matter. Some economic analysts suspect that there is a slightly larger economic pie being shared by a much larger number of people, so the individual person ultimately ends up with less.
There are frequent disagreements over any economic analysis, and further disagreement over the contributing factors. One issue is how ‘temporary’ migrants contribute to the situation; the number of temporary migrants not always be captured in the statistics.
Some worry that more migrants mean fewer jobs for locals, and that this forces wages to be lower. This may be a concern in the short term, but migration seems to benefit the economy, which translates to more jobs because business can expand and there are more people buying the services.
Governments can benefit from skilled migration, if only because the economy looks better on paper. Many suspect it prevents the country from falling into recession. Hopefully, this will translate to a better situation for individuals within the country as well.
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