Australian Job Boom Sends Immigration ‘Wake-Up Call’

Oct. 8 (Bloomberg) -- Australia’s surging job market, capping its strongest quarter since 2006, signals the government may need to retreat from a campaign pledge to slow population growth as the central bank tries to control inflation.

The number of people employed rose 49,500 in September from a month earlier, almost 2 ½ times the median estimate in a Bloomberg News survey and the most since January, the statistics bureau said yesterday in Sydney. Full-time employment jumped 112,500 in the past two months, the biggest back-to-back increase since 1988.

“Clearly the latest jobs data sends a wake-up call to the government,” said Craig James, a senior economist at Commonwealth Bank of Australia in Sydney. “If we want to restrain wage pressures and keep interest rates low then labor supply needs to increase and that means more migrants.”

Net immigration dropped 25 percent to 241,400 in the year ended March 31 from 320,400 recorded for the year earlier, a statistics bureau report showed last month.

In the past year, immigration has fallen at the fastest rate on record, which is “certainly not a desirable outcome,” James said.

Under the baseline scenario of a Treasury report in February, the population is forecast to expand 1.2 percent a year to 35.9 million by 2050. Paring that rate by one-third would cut the average annual economic growth rate to 2.3 percent from 2.7 percent, according to the Treasury. Net migration is the “key” variable influencing the outcomes, the study said.
Link -
http://noir.bloomberg.com/apps/news?pid=20601087&sid=aUVuPXRq4L2A&pos=2
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Yes, immigrants have brought along many benefits, in the past!

As did the high natural birth rates of mid last century, which brought Economic benefits!

However, nothing ever goes in one direction forever and we now find ourselves in a different situation to which we have been, for the last 50-60 years, in particular.

Sustaining that past high growth in the natural birth rate & in immigration is now more of a cost/benefit equation, rather than simply a benefit!

For example, we are already starting to struggle to provide Food & fresh Water for the existing Population, let alone double the current Population, which is where both major Political party's are heading.

An example of that is the Murray Darling basin, which is the Food bowl of Australia. It is struggling now, under a lack of water and will not double its Food production, as Climate Change continues to become a drier the continent, over time.

A second example is WA and the mining boom. But, the wheatbelt area & general agricultural Production are struggling against a lack of rainfall & Production will not support increasing numbers.

This is particular applicable in Perth city, as it is drying up from lack of rainfall, as shown in our current dam levels which are only 35% of capacity, having just come out of another low rainfall winter.

Then, there is the matter of Peak Energy, where Global Oil Production is already in Decline & Coal & Gas are set to follow, within 20-30 years.

Housing & Infrastructure are no longer simply benefits, they are two edged swords.

It's time to think a little further ahead, than the usual Political timeline of the next election & the Economic imperative of the next quarterly profit figures!


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FD
I count at least 7 threads on the "Politicians Suck" page, which have little or nothing to do with "Politicians Sucking".

Even though this relates directly to actions of Politicians that suck, you shift this one to the General page and leave the others on the "Politicians Suck" page.

I would like to see your criteria of what is ok for the "Politicians Suck" page & what is not?

In particular, if this article is not ok for "Politicians Suck", then under what criteria is it ok to leave "Climate Change Religion", with 367 posts, but nothing what-so-ever to do with "Politicians Sucking", still on the Political thread?

This is more to do with your petty whims, than any criteria & it is becoming a joke!

Ha! Ha!

You have a nice day now, ya hear?

well I am all for topic of the day.. get a bit weary of the old whinges coming up over and over.. life is more complicated today and just about everything affects us one way or another..if it was all about I hate gillard and you Hate Abbott.. wouldnt that be a tad boring as well..I am all for learning about the different issues..

codswal wrote on Oct 29^th, 2010 at 5:57pm:


I think my thoughts on our Pollies are fairly obvious from what I post in the "politicians Suck" area of this site and that is that they (& their helpers) DO SUCK!  

Some may start with good intentions, but that doesn't last long, then it stops being about us, it reverts to them and that's pretty much all of them (Pollies)!

That said, this thread is more to do with FD's whims, which apparently is purely how he decides what goes on this "politicians Suck" area!

For a start, if it were purely "politicians Suck", then Policy matters wouldn't get a look in and as you said it would get very boring simply running down Pollies & their helpers, no matter how much they may deserve it.

But if that was THE criteria, then that's fine!

However, that isn't the criteria, in fact there isn't any criteria, it purely comes down to FD's whims and if your not onside with FD, then tough.

I don't start too many threads on the "Politicians Suck" area, but I think all but this one have been moved, whereas there have been countless off-subject threads that have been allowed to stay, approved by FD!

Well, if it is good enough for all those other off-topic threads to remain in "Politicians Suck", then why move the ones that you do move, FD???

Btw, Cods, the reason I put "Keynes, Aus-terity OR?" into the Politicians Suck" area, was that I thought it may be a good subject to inform a wider audience than regularly may go to the "Finance & Economics" area.

The moderators, including FD haven't been around much lately so I doubt it's intentional that some threads get moved and others don't. I agree there are too many non-political topics on the Politicians Suck forum - but how many times do people need to be told they're posting in the wrong forum?

They've been told so many times - but continue to do it.

Probably the best thing to do is post the links of the culprit threads to either Mozzaok, Locutius or FD with a copy to each and keep your fingers crossed that someone gets around to moving them.

The blanket statement that "Politicians & Economists are Hopeless", flies like a lead duck.  The political system could use quite a bit of refreshing, the PC attempt to idiot proof the world has had the stifling effect of smothering all of us in "lowest common denominator" regulation and handicap.  There are some comitted people in Australian politics, it`s all to easy to criticise.

Stupid topic by the OP, obviously they have no idea.

perceptions_now wrote on Oct 29^th, 2010 at 1:40pm:


If it is predominantly about a politician, political party or official party policy, then it belongs in politicians suck. This board is not intended to be limited to exposing personal scandals.

perceptions_now wrote on Oct 30^th, 2010 at 12:05pm:


bump