Experts say Australia's pandemic recovery could be hurt by excluding skilled migrants

Governor of the Reserve Bank of Australia (RBA) Phillip Lowe speaks to the media during a press conference in Sydney, Tuesday, April 21, 2020. (AAP Image/Joel Carrett) NO ARCHIVING

Governor of RBA Phillip Lowe speaks to the media during a press conference in Sydney, Tuesday, April 21, 2020. (AAP Image/Joel Carrett) NO ARCHIVING Source: AAP

Good for the economy, but not for wage growth - that's the prediction of Reserve Bank of Australia governor Phillip Lowe when it comes to migration. He says while Australia's highest levels of migration had helped boost the economy, in some cases it left businesses without an incentive to train local workers. However, the Committee for Economic Development of Australia says analysis of migration data proves otherwise.


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