The Economic Impact of Migration – Check out the Australia Immigration and Visa Consultation

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Australia is used to relying on talented young people to emigrate to Australia. From the 1940s after World War II, when the first wave of immigrants from Europe fleeing the disasters of war migrated to Australia until the 1950s and 1960s when more and more were invited to emigrate. More European, Australia has always relied on young people. People are trained to work and live in Australia for financial reasons. Over the past two decades, immigrants from Asia have arrived in large numbers, with China leading the number of immigrants until the mid-2000s, and more recently, India has emerged as the leading country of origin of migration.

The Economic Impact of Migration

According to a report, “The Economic Impact of Migration” prepared by the Australian Migration Council, the economic impact of migration flows crosses all aspects of the economy. It has a profound positive impact not only on population growth but also on labor force participation and employment, on wages and earnings, on our national skills base, and net productivity. Based on the three Ps – participation, productivity, and population – migration is an essential factor.

Skilled migrants

The report also finds that skilled migrants bring not only high levels of skills but also higher levels of education than those born in Australia. Australia’s total population is expected to grow to 38 million by 2050, according to the report, mainly due to the increase in the number of immigrants arriving in the country.

Australia has one of the lowest birth rates (currently less than one child per family), which is one of the main reasons the country seeks qualified migrants to emigrate.
There are other important reasons, including the aging of the population, which is becoming a burden on the country’s social security system. Young skilled migrants help fill skills, job gaps, and create business opportunities.

Visas issued under the skilled migration program increased from 120,000 in 2004-2005 to 190,000 in 2014-2015. The program is designed to monitor not only the number of migrants arriving in the country each year but also the types of skills that people bring to Australia.

Since the turn of the century, Australian immigration policies have focused on a shift towards international students and people trained with work visas. International students, after completing their studies in Australia, have the opportunity to improve their job search skills through post-graduation employment rights, thereby filling the skills gap.

Australian employers

Australian employers can sponsor skilled foreign workers, including international students, depending on their qualifications and skills. Sponsorships under employer sponsorship programs relate to temporary and permanent visas. The focus on work visa policies ensures that Australian employers fill skills gaps in the short and long term and also ensures that the required skills are met throughout the migration process.

Dependence on skilled migrants has never been higher in Australia, and the expected flow of migrants will reach 250,000 per year over the next few years.

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