AUSTRALIA INCREASES THE NUMBER OF PERMANENT MIGRANTS BECAUSE OF A LABOUR SHORTAGE.

 

In an effort to assist businesses and industries dealing with severe staff shortages and lessen reliance on temporary employees, Australia on Friday increased its intake of permanent migrants to 195,000 for this fiscal year, an increase of 35,000.

The COVID-19 outbreak, together with a mass exodus of international students and seasonal workers, forced the country's borders to remain closed for over two years, leaving businesses struggling to recruit staff to stay afloat.

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On the sidelines of a government jobs meeting in Canberra, Prime Minister Anthony Albanese told reporters, "It makes no sense to bring people in, have them for a few years, then get a fresh cohort in to adjust to the Australian work climate. "Migration is part of our story. We want individuals to have a mortgage, have a family, and join the Australian family."

The increase will go into effect for the current fiscal year that ends in June 2023 and will put Australia's immigration goal broadly in line with the yearly cap of 190,000 that was in place between 2013 and 2019.

In an effort to reduce urban congestion, that number was reduced by 15% to 160,000 just a few months prior to the creation of COVID-19. Regarding future figures, the government provided no information.

In order to help identify solutions to important economic concerns, the government called the two-day summit and invited industry associations and unions.

Australia's unemployment rate is currently 3.4%, which is close to a 50-year low, but the lack of workers has contributed to skyrocketing inflation, which has decreased real wages.

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