Australia has a long and successful history of immigration. Migrants contribute economically, help fill labour shortages, improve the country’s demographics and provide important cultural diversity. But as countries like Sweden have learned, migration can also present significant challenges. For example, last week independent economist Chris Richardson claimed that “we’re doing truly generational damage in housing”, in part because:
Andrew Leigh delivered a great speech to the Economic Society of Australia in Canberra last week (alas I was not in attendance), in which he outlined his ‘Ten Lessons for Economic Policymakers’ in detail. Most were excellent, but he missed the mark on two of them by making a common mistake.