Forever, powerful pro-migration stakeholders have wrung their hands in mock distress. By golly, if only we had a "population plan". We should have an "immigration plan".
Of course, we do have such a plan – Big (or Huge) Australia. Labor and Liberal have been devoted to it. Could the US Democrats immigration-trainwreck tempt Peter Dutton to genuinely shift?
Treasury writes the plan, OK?
It doesn't matter how much cost-of-living hardship and real-wages freefall that Australian households endure - Treasurer Chalmers soft-soaps them with Treasury Building talking-points.
Advertisement
Memo to ABC – naturally, said Treasurer maintains a national population plan. As does any major OECD economy. Despite our resources cornucopia, lazy population growth is a (the) major driver of economic "growth":
Australia's low-publicity population plan requires mega (1.5-2.5%) population growth by OECD norms (0.5%), powered by immigration. This allows Budget to assume expansive economic benefits from population growth, discounting the obvious economic and environmental costs.
Every year, this pernicious plan soft-shoes into Budget Paper 3, as Appendix A.
No justification is offered. Treasurer doesn't discuss it. Not even on Budget night.
Consolation prize, at least it lights a guttering candle on the massive Treasury targets for net-migration, plus the resultant estimates for population growth. Of which, the "natural increase" or non-migration component is very low, currently 20% and less, and highly predictable.
The plan doesn't even publish population growth estimates, percentage wise. DIY.
Advertisement
The latest Appendix (May 2024) implies population growth about 2% over 2023-24, though the actual is more like 2.5%. That's way higher than economic growth 1.5% over the same period, with ABS advising a "sixth consecutive quarter of GDP per capita falls". Ouch for voters.
Labor's all-time immigration betrayal
In its reform agenda, Whitlam Labor was not so concerned with revving population growth. But Hawke-Keating Labor celebrated "multiculturalism", openly suggesting population numbers were a fiefdom for politicians not voters.
However, mega-migration didn't really take off, until the 21st century. Net migration of 200,000 was unknown to Australia, before 2007. Then we topped 300,000, the following year.
Discuss in our Forums
See what other readers are saying about this article!
Click here to read & post comments.
4 posts so far.