It's about time the Australian people had a say on the rate of immigration.
This from macrobusiness today, in an article titled: Why mass immigration is productivity destroying
Think about it. Australia would still ship the same amount of hard commodities and agriculture regardless of how many people are coming in as all the productive capacity has been set up and it doesn’t require more labour. However, we would import far less.
Essentially, by running a mass immigration program, Australia is diluting its fixed mineral wealth among more people, which necessarily lowers residents’ welfare.
Proponents of mass immigration ignore the above concerns and instead claim that Australia’s productivity is enhanced because migrants are supposedly more productive than locals and, therefore, labour productivity is increased through strong immigration.
However, the actual evidence debunks this view and shows that migrants are generally employed below the level of their qualifications and have lower labour force attachment than the Australian born population (detailed discussion here).
In summary, Australia’s mass immigration program imposes net costs on the Australian economy. Individual living standards are also eroded through rising congestion costs, declining housing affordability, paying more for infrastructure (e.g. toll roads, water and energy), environmental degradation, and overall reduced amenity.
