Attracting Skilled Migrants

One of the greatest challenges facing Australia in the 21st century is how to attract the skilled migrants it needs for economic expansion.

A new research by the country’s highly respected Productivity Commission shows, quietly clearly, that the effect of a 50 per cent annual increase in the number of skilled migrants over the next 20 years would be quite benign. For one, unemployment would not rise despite the influx of new migrants.

Furthermore, the average hours worked would increase ever so slightly. And the per capita income would be marginally higher at the end of the period covered by the study.

Nevertheless, as the Australian population ages, increased skill migration will be needed for the expansion of the domestic economy.


http://www.theaustralian.com.au