Albo, A PM for Migrants By James Reed
Macrobusiness.co.au is a go-to site for sharp economic critiques of the Albo government's mass immigration program, the largest in recent history. It is argued in the extract below that while Albo has been celebrating the alleged creation of 650,000 jobs since coming to government, these jobs have all been absorbed by the massive migrant intake, and more. "So basically, Anthony Albanese is celebrating the creation of jobs for migrants."
As I see it, that is the Labor Party agenda, to replace Australians by migrants. That once would seem outlandish, but it is hard to infer anything different, since the present invasion is done as government policy, including the overseas student intake, which in an article at the blog yesterday, had an authority admit that this is not about export, but to get skilled migrants. What else could possibly describe this but: the replacement of Australians? The endgame of this in my opinion, is to make Australia part of communist China. That was what all the talk in the 1980s and 1990s about the Asianisation of Australia was about. Professor Blainey was right, it is "surrender Australia."
"Albo celebrates jobs for migrants, real wage collapsePrime Minister Anthony Albanese was busy spruiking Australia's record jobs growth at Thursday's address to the National Press Club …
"Around 650,000 jobs were created, since we came to government. More than any first-term government in Australian history".
"Last year is the first year since monthly records began where unemployment stayed below 4%—the first time ever".
"As a Labor Prime Minister, I can't be prouder of anything greater than that achievement".
The first thing to note is that Australia's unemployment rate is the same today (3.9%) as it was when the Coalition left power.
Moreover, the 650,000 jobs created have been absorbed by the record boom in net overseas migration, which hit an all-time high 518,000 in the 2022-23 financial year …
Check out the next chart, showing the explosion in Australia's working age population, which exploded by 3.0% in the 2023 calendar year amid record net overseas migration and Peter Costello's 'baby bonus' children hitting working age …
So basically, Anthony Albanese is celebrating the creation of jobs for migrants.
The forward-looking indicators on the Australian labour market are also poor.
Job ads have declined sharply, whereas the number of applicants per job ad has surged way past pre-pandemic levels:
Anthony Albanese also told the National Press Club that "just as we promised Australians – wages are moving again… Wages are growing at their fastest rate in almost 15 years – including two consecutive quarters of real wages growth".
In reality, real wages have plunged to 2010 levels as inflation has easily outpaced wage growth …
Real wage growth will also remain stillborn as Labor floods the labour market with migrant supply, pushing unemployment higher."
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