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MacroBusiness Access Subscriber Only Content at 12:15 am on April 28, 2021 | 3 comments Earlier this month, the ABC’s business editor, Ian Verrender, penned a fantastic article debunking the business lobby and Coalition’s incessant claim that Australia is experiencing chronic skills shortages, thereby necessitating the large-scale importation of foreign workers. Verrender’s key arguments were as follows: The shortage claim lacks empirical evidence: “If it really is the case that skilled labour is in such short supply, why aren’t wages being bid into the stratosphere by desperate em...

MacroBusiness Access Subscriber Only Content at 9:00 am on April 26, 2021 | 17 comments There’s revolution brewing at the ABC. A fightback against the fake left editorial viewpoint that played a major role in destroying Australian worker’s living standards in the last cycle via its defence of unbridled immigration. In the last few months, ABC’s Ian Verrender has led on the issue. Now Gareth Hutchence has joined in: Morrison intends to reopen borders and restore mass immigration. That will weigh on the wage growth being sought by the RBA. ANZ economist Daniel Gradwell said “if anything...

MacroBusiness Access Subscriber Only Content at 9:40 am on April 20, 2021 | 2 comments The loss of 500,000 temporary migrants and the closure of Australia’s international border to foreign workers has done a wonderful thing for Australia’s labour market – it has pushed the underemployment rate to its lowest level since June 2014, as revealed in last week’s March labour market release from the Australian Bureau of Statistics (ABS): Australia’s underemployment rate has fallen to a seven year low. Historically, Australia’s underemployment rate has shown a very strong correlation with...

MacroBusiness Access Subscriber Only Content at 1:00 pm on April 19, 2021 | 10 comments The ABC’s business editor, Ian Verrender, has written a terrific article debunking the business lobby’s incessant claim that Australia is experiencing skills shortages and needs to import migrant workers. According to Verrender: The shortage claim lacks empirical evidence: “If it really is the case that skilled labour is in such short supply, why aren’t wages being bid into the stratosphere by desperate employers? In fact, the opposite is true”. How could Australia’s ‘world class’ tertiary...

Get ready for a budget cash splash Posted 3 updated 14 AprApril 2021 at 9:48pm In case it's passed everyone by, we are in the final leg of the political cycle. ( Share Print text only You know that old proverb: "You can't have your cake and eat it too"? If there ever was a statement that seemed lacking in logic, it was that. Ok, I get the concept. It represents two mutually exclusive choices. But really, what's the point of having the cake if you aren't going to eat it? You can always let it go stale and rancid. Then you can have your cake and you really can't eat it.