13 January 2014
Australia’s productivity is steadily slipping down and will continue to do so if skilled migration numbers are not increased quickly.
The current migration intake of 190,000 a year is not enough to sustain productivity, says the Australian Industry Group (AIG). It says that Australia needs a steady increase in migration intake every year with an emphasis on skilled migration in order to meet current and future skills shortages.
The AIG has proposed that the Federal government needs to act immediately to substantially increase the immigration intake in the upcoming budget by at least 15% to 220,000 to meet the current skills shortage.
The AIG’s chief executive Innes Willox says now is the right time to accelerate skilled migration given Australia’s ageing workforce and skills shortages in industries including mining, construction, engineering and health.