Posted on September 05 2022
· Australia is set to welcome 35,000 more permanent migrants to help control labor shortages in 2022
· The unemployment rate in Australia stands at its lowest in the past 50 years at 3.4 percent
· Australia is presently competing with the economies of other developed countries, to attract a high number of skilled immigrants
In the first week of September 2022, Minister Anthony Albanese addressed the issue of skilled migration at the government jobs summit, insisting on a settlement between the unions and employers to handle the economic challenges faced by the country.
The Skills and Training Minister Brendan O'Connor stated that, "Australia plans to extend the boundaries of income for some of the temporary migrants, in which the government aims to increase the staff to meet the labor shortages in the country."
Minister Anthony Albanese addressed the issue of skilled migration at the government jobs summit, insisting on the settlement between unions and employers to control and deal with the economic challenges faced by the country, in the first week of September 2022.
On September 2, 2022, the government declared that it would invite 195,000 permanent migrants this financial year, up by 35,000 every year, in the context of decreasing the worsening labor shortages.
Recently, labor shortages in Australia, have increased because of the hit in visa processing times, leaving a million potential workers in doubt.
O'Connor has also mentioned that "the government would be reviewing the threshold, in terms of increasing the income for Temporary Skilled Migration, which has been at AUD53,900 since 2013 without pointing out if the cap should be increased to AUD65,000 as per the policy of center-left labor party."
He added, "these kinds of complicated situations must be worked on, in order to deal with every sector such as the existence of labor shortages in both lower pay and high-skilled industries like aged care, which has impacted negatively forcing Australia to close its borders for almost two years because of the pandemic."
Currently, the unemployment rate in Australia stands at the lowest in the past 50 years at 3.4 percent, and labor shortages have contributed to increased inflation reducing actual wages.
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Australia is presently competing with the economies of other developed countries, like Canada and Germany to attract a massive number of high-skilled immigrants who are expected to meet the demands of the country's aging population.
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Posted On December 09 2023
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