Just how big should Australia be?
7 years, 10 months ago

Just how big should Australia be?

ABC  

The population of Australia is currently close to 24.5 million, and will reach 40 million by the middle of the century if population growth continues at the current rate. There's good evidence to suggest that increased immigration stimulates economic growth, from simple quantities like an increased labour force, which improves GDP, to more abstract concepts like increased human capital. "And London, which has something like 30 per cent immigrants, is a place where everyone wants to be at, and of course has much higher wages and lower unemployment, and the same is true I think of dynamic cities like Melbourne and Sydney." "I actually don't know what a good number is, because a 28.5 per cent overseas born population when your economy is growing is a really good number. "It's very difficult to think of an iconic Silicon Valley firm that is not immigrant founded … something like 40 per cent of the start-ups are immigrant founded.

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