AND Sydney’s water supply has dropped 20 per cent to 40 per cent in 6 months!
THAT’s apart from what Economists are saying! FFS!
Former RBA official: Australia must cut immigration
Andrew Stone is a veteran economist that spent five years at the Australian Treasury and more than a decade at the Reserve Bank of Australia before working for nearly five years as Chief Economist and senior policy advisor to the Tony Abbott.
In his new book, entitled Restoring Hope: Practical Policies to Revitalize the Australian Economy, Stone calls for a significant reduction in immigration and international student numbers:
The below videos summarise why immigration needs to be cut:
Basically, high immigration is wrecking living standards by inflating property prices, suppressing wages, and eroding urban amenity. High immigration is also useless in preventing population ageing.
It’s good to see more economists finally catch on.
Leith van Onselen is Chief Economist at the MB Fund and MB Super. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.