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Labor: Immigration system is lowering wages

MacroBusiness Access Subscriber Only Content at 12:40 pm on July 20, 2021 | 12 comments Labor has called on the federal government to lift the pay floor on temporary ‘skilled’ visa holders, claiming that it is mugging Australians of job opportunities and contributing to the nation’s low wage growth: Aussies are missing out on pay rises because employers are able to fill gaps with cheap overseas workers, according to the federal opposition who are crying out for government action. Australian workers are being denied long-awaited pay rises because the minimum wage paid to temporary skilled migrants has been frozen for eight years, it is claimed.

John Kehoe embarrases self with immigration propaganda

MacroBusiness Access Subscriber Only Content at 11:00 am on July 15, 2021 | 13 comments The AFR has taken another shot at RBA governor Phil Lowe for daring to admit that Australia’s mass immigration program pushed down wage growth. The robber baron’s paper of choice has now enlisted economics editor John Kehoe to cherry-pick research and testimony claiming that immigration does not push down wages. Below are Kehoe’s main arguments: Economic studies are inconclusive about the impact of immigration on wages. “Australia’s disproportionately skilled migration program may be ‘decreasing inequality’ – because skilled foreign workers compete for jobs and wages against higher paid Australians”.

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