03 October 2007

Australian immigration is the 'main solution' to scarcity of labour

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Australian businesses are blaming the inability to obtain suitable skilled workers as the single biggest constraint on their operations and Australian immigration is the solution, reports ABC.

Treasury projections cited by the television network show that the growth rate of Australia's working age population is likely to fall to 0.5 per cent per annum over the next 40 years. This is around three quarters less than the average annual growth of 1.7 per cent over the past 40 years. The situation will only get worse as the baby boom generation retires over the next ten years.

ANZ chief economist Saul Eslake told ABC there are two clear sources of additional labour, immigration and training, to address the scarcity. He said: "The main solution to that in the short-term, which has been proffered by government and by business, is to increase immigration, and that can well be desirable."

Australia needs skilled workers: Anyone applying for an Australian visa should begin by completing the Australian Visa Bureau's online Australian visa application to see if they meet the Australian visa requirements.

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