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RBA: No immigration means wage rises

May 7, 2021 - 12:30 -- Admin

The Reserve Bank of Australia (RBA) has released its Statement on Monetary Policy, which explicitly notes that Australia will face “wage pressures” if the international border remains closed to migrants: The effects on labour supply have been observed mainly in some labour supply shortages in the industries that typically employ a larger share of migrants…

The post RBA: No immigration means wage rises appeared first on MacroBusiness.

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