Subscriber • Opinion

Do immigrants mean lower wages?

By Adam Triggs
July 20 2021 - 5:25am
Studies have found that temporary skilled migration has been an overwhelming net positive for the Australian economy. Picture: Shutterstock
Studies have found that temporary skilled migration has been an overwhelming net positive for the Australian economy. Picture: Shutterstock

The governor of the Reserve Bank of Australia has walked into a minefield. In a speech to the Economic Society of Australia, Philip Lowe pondered why wages growth has been so low despite a tightening labour market. One of the factors that helps explain this phenomenon, he said, is Australia's relatively high rate of immigration pre-Covid. Several economists were quick to agree with him.

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