A generation of Australians is now moving towards retirement which makes it a challenge for the nation regarding the workforce. This concern has been stated in a recent Intergenerational Report by the government, the report highlights the shortage of workforce which can impact the country’s economic stability.
What is The Role of Migration in Filling the Gap?
According to many experts such as business groups and economics, migration is the answer to the workforce shortage faced by the country. They say that migrants can fill in the gap that is being created due to retirements. This promises that Australia’s economy will run smoothly.
Australia’s Main Concern
Even though the immediate concern is regarding the shortage of workforce the emphasis is on Australia’s growth and sustainability. As the nation faces issues due to an aging population, migration can be a great help by welcoming a balanced demographic and a successfully running economy.
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