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MacroBusiness Access Subscriber Only Content at 12:15 am on April 27, 2021 | 6 comments It’s amazing to see economists finally acknowledge that mass immigration drives wages lower – something MB has argued for nigh on a decade. The latest salvo comes from ANZ economist Daniel Gradwell, who last week warned that restoring mass immigration would suppress wage growth: Once Australia’s international borders reopen and Australia’s labour market is re-attached to the global labour market, it will be harder for wage pressures to build locally. As ANZ economist Daniel Gradwell said last week, at an event hosted by the Urban Development Institute of Australia, when international borders do re-open, “if anything, they’ll be suppressing wages growth”.

Alex hawkeMelinda cilentoDaniel gradwellCommittee for economic development of australiaDevelopment institute of australiaUrban development instituteMorrison governmentEconomic developmentDurban task forceImmigration minister alexஅலெக்ஸ் பருந்துமெலிண்டா சிலேண்டோகுழு க்கு பொருளாதார வளர்ச்சி ஆஃப் ஆஸ்திரேலியாவளர்ச்சி நிறுவனம் ஆஃப் ஆஸ்திரேலியாநகர்ப்புற வளர்ச்சி நிறுவனம்மோரிசன் அரசு