“There is actually a shortage of people to work in construction and more broadly across the economy and the difficulty of attracting people into that area.”
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So despite bringing in over a million people in the last two and a bit years we can’t find construction workers?
Why not?
If they don’t want to do the jobs we need then why are we importing them?
Both our immigration policy and our monetary policy settings are wrong. .
We need to stop relying on foreign capital and foreign labour.
How hard is it for the immigration department to actually refuse entry to people who aren’t going to work where it’s needed.
And even better why don’t we train young Australians to become builders so they can build their own houses instead of sending them to University.
Only PeopleFirstParty.au has a plan for prosperity that will see Australians own their own houses and stop relying on foreign immigration.
Economics Legislation Committee
07/11/2024
Estimates
TREASURY PORTFOLIO
Reserve Bank of Australia
Senator RENNICK: You said that one of the issues causing demand was the states investing in infrastructure. States have to build infrastructure as a result of the increasing population; I accept that is outside of your control. This is where I come back to the need for an infrastructure bank: to reduce the costs of building infrastructure. If the government is going to continue with a high immigration policy, we need to fund our own infrastructure rather than borrowing money, which then drives up the cost of borrowing and adds a greater cost to our economy. Is the fact that we don’t fund our own infrastructure internally making it harder for states to build infrastructure?
Ms Bullock: Population growth means that we need to build infrastructure. I accept that this is the role of governments; they have to do this. At the moment, there is a problem because we have a strong, tight labour market and there is a shortage of people to work in construction more broadly across the economy. The difficulty of attracting people into that area means that you have to pay more. So more infrastructure is being built, and we need people to work in the infrastructure industry. That is driving some of those cost pressures.
