Migrants good for the economy
- Fri Nov 19 15:08:59 EST 2010
MIGRANTS benefit the economy because they raise the level of average education, increase productivity and pay more taxes than people born and raised in Australia, a report for BankSA says.
Commenting on a political shift against "a big Australia'', the report by Access Economics finds there are several benefits from a strong migration program.
"The economic arguments in favour of migration remain intact,'' the report in BankSA's publication Trends says.
"This is not because it generates a bigger Australia and South Australia but because it supports a better quality Australia and SA through lifting workforce productivity and participation.''
Access Economics bases its argument on migrants having higher skill levels which means they are likely to work longer because their labour will be in demand for longer.
Being more highly skilled also means they are paid more and therefore they pay more taxes.
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