17 May 2021
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Population + immigration growth falling through floor

Christopher Joye
10 January 2011

As our unemployment rate falls below five per cent, prepare for wage-price spirals. Labour supply is plummeting. From CommSec:

"Overall, Australia’s population grew by 1.72 per cent over past year, easing away from the 40-year record pace of 2.2 per cent recorded in the year to March 2009. A total of 215,600 people migrated to Australia over the year to June – falling further away from the biggest annual total since European settlement which was recorded in the year to March 2009 (320,300)."

Important information: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. For this reason, any individual should, before acting, consider the appropriateness of the information, having regard to the individual’s objectives, financial situation and needs and, if necessary, seek appropriate professional advice.

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