Blaming immigrants for unemployment, lower wages and high house prices is too simplistic
- Written by Robert Breunig, Professor of Economics, Crawford School of Public Policy, Australian National University
Australia should cut its immigration intake, according to Tony Abbott in a recent speech at the Sydney Institute. Abbott explicitly cites economic theory in his arguments: “It’s a basic law of economics that increasing the supply of labour depresses wages; and that increasing demand for housing boosts price.”
But this economic...
