World's First Immigration Economy

  1. 14,954 Posts.
    Interesting article that probably agrees with what a lot of us already know.

    https://foreignpolicy.com/2018/10/03/australia-the-worlds-first-immigration-economy/


    For more than 20 years, a majority of Australians have consistently preferred lower levels of immigration. An April poll found that 64 percent of Australian residents thought that recent immigration levels were “too high,” with more than one-third saying that they were “much too high.” And these results should be read in light of the fact that around 15 percent of Australia’s residents (and, presumably 15 percent of those polled) are not Australian citizens.In fact, a majority or plurality of voters who identify with every major political party in Australia express a preference for less immigration. Yet, as in the United States, calls for reductions in the level of immigration are repeatedly answered with charges of racism. Certainly there is racism in Australia, as in every country. But when a country allows some of the highest levels of legal immigration in the world, twice as much as the United States did in its most immigrant-friendly era, it seems reasonable for people to ask: How much is too much?

    And beyond the social strain, there is the economy to think about: As Australia’s population grows, the country needs exponentially more and more immigrants in order to continue to reap the same economic benefits. As a result, Australia’s heavy reliance on immigration to float the economy and fund government budgets runs the risk of turning into a giant immigration Ponzi scheme. So far, Australia has more or less been able to stretch existing infrastructure to accommodate a much larger population. But sooner or later, things will come to a head. When they do, Australia may experience the world’s first immigration economic crash.
 
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