Comes amid concerns Australia is losing the global war for talent
Pathway to permanent residency for all temporary skilled workers
Multiple changes to remove barriers for highly paid skilled workers
Review calls for labour market testing to be scrapped
Employers in low-paid industries will be forced to lift the wages of migrant workers by up to $16,000 from July, under an Albanese government overhaul that could cut access to foreign hospitality and retail employees.
In a grand bargain between unions and business, Labor will increase the protections offered to the lowest-paid migrants, while making it significantly easier for employers to hire middle-to-high paid skilled foreigners, amid a global race for talent.
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Tom McIlroy is the Financial Review’s Canberra bureau chief based in the press gallery at Parliament House. He was previously the AFR’s political correspondent. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com
Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
