Quantcast
news.com.au 25 Nov, 2021 10:45 am

Why opening international borders could ruin Australia’s economic recovery

Why opening international borders could ruin Australia’s economic recovery
ANALYSIS

Picture: David Swift There is no doubt that rebooting the ‘Big Australia’ mass immigration program is good for business and the Australian economy as a whole.Mass immigration can put pressure on major cities.Almost everyone would agree that the pre-Covid mass immigration program of 2005 to 2019 was managed appallingly and crush loaded everything in sight, resulting in widespread infrastructure bottlenecks across Australia’s major cities and reduced liveability.Picture: MacroBusiness Sowing the seeds of another lost decade Rebooting the same mass immigration policy will achieve similar results – another decade of anaemic per capita outcomes.

More Coverage Big flaw in falling house price predictions By announcing the return of ‘Big Australia’ mass immigration, the Morrison Government has killed the economic recovery for Australians.Importing more people to simply stimulate economic activity and reduce costs for business is classic ‘Ponzi’ economics that does nothing to boost per capita growth nor living standards.

Read full story at news.com.au