Technology
Negative overseas migration to Australia could force up wages says John Black – Drive – ABC Local
Australia is in the midst of a once-in-a-century experiment: how to grow the economy with negative overseas migration. A former Labor senator turned market strategist…
Australia faces a scenario we have not faced since World War One.
Net overseas migration is in the negative territory and has been since the middle of last year.
It has been the key driver of Australias economic growth for years and a supplier of relatively cheap labour to the rural and hospitality sectors.
John Black is Chairman of Australian Development Strategies and a former Queensland Senator.
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