NewsBite

Opinion

John Kehoe

Why the RBA got it wrong on immigration and wages

More migrants do not mean lower wages. The real picture is much more complex than the political debate allows for.

Reserve Bank of Australia governor Philip Lowe opened a can of worms last week on the Big Australia debate, surprisingly claiming immigration was one of several factors that had contributed to weak wages growth over the past decade.

On cue, but somewhat taking Lowe’s comments out of context, anti-immigration One Nation leader Pauline Hanson tweeted the governor’s headline remarks.

Loading...
John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com

Read More

Latest In Economy

Fetching latest articles

Most Viewed In Policy

    Original URL: https://www.afr.com/policy/economy/why-the-rba-got-it-wrong-on-immigration-and-wages-20210709-p588bk