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Phillip Lowe

Reserve Bank policy and Recent immigration impact on Australian workforce

Luci Ellis, Assistant Governor of the Reserve Bank (Economic), is very pro immigration. Some have wondered whether she may be making the running on this question behind the scenes more than is Philip Lowe, the Governor. Recent migrants may be somewhat more likely to hold degree-level qualifications than locals but this does not mean that their professional qualifications are well suited to the Australian labour market. (We should also ask ourselves, what is it about the Australian education system that makes Australians less likely than some immigrant streams to hold degree-level qualifications?)

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