Australia needs 250,000 new migrants a year: study
Independent modelling commissioned by the Migration Council of Australia warns regarding the risks of reducing web migration.
The migration report comes because the government releases the five-yearly Intergenerational Report (IGR) that shows that migrants area unit expected to form up a smaller share of the population in coming back decades.
The IGR provides a photograph of Australia in 2055, once the population is tipped to virtually double from twenty four million nowadays, to forty million. The modelling shows Gross Domestic Product can fall and wage growth can slow.
The government assumes web overseas migration can stay stable at 215,000 folks p.a., down from a peak of three hundred,000 in 2008-9.
Currently, web overseas migration (new migrants inbound, minus Australians exploit per year) makes up one per cent of the national population, however that's expected to decrease to zero.5 per cent by 2055 below the IGR modelling. The modelling says Australia wants 250,000 migrants a year to spice up the economy by $1.6 trillion by 2050.
But the alternate modelling from the Migration Council of Australia shows if annual migration was enhanced to 250,000 people, the economy would be boosted by $1.6 billion - an increase of $1,125 per person in Gross value.
The migration report comes because the government releases the five-yearly Intergenerational Report (IGR) that shows that migrants area unit expected to form up a smaller share of the population in coming back decades.
The IGR provides a photograph of Australia in 2055, once the population is tipped to virtually double from twenty four million nowadays, to forty million. The modelling shows Gross Domestic Product can fall and wage growth can slow.
The government assumes web overseas migration can stay stable at 215,000 folks p.a., down from a peak of three hundred,000 in 2008-9.
Currently, web overseas migration (new migrants inbound, minus Australians exploit per year) makes up one per cent of the national population, however that's expected to decrease to zero.5 per cent by 2055 below the IGR modelling. The modelling says Australia wants 250,000 migrants a year to spice up the economy by $1.6 trillion by 2050.
But the alternate modelling from the Migration Council of Australia shows if annual migration was enhanced to 250,000 people, the economy would be boosted by $1.6 billion - an increase of $1,125 per person in Gross value.
