grist for the mill
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RBA Governor Philip Lowe caused a stir when he said immigration was depressing wages - Now we know why he said it
The RBA conducted internal research into the relationship between migration to Australia and wage growth, earlier this year. The analysis informed Governor Philip Lowe when he made comments last month suggesting closed borders could help grow some wages. The research obtained by Business Insider Australia through a freedom of information request sheds some more light on what Lowe meant and how the RBA views immigration. Visit Business Insider Australia’s homepage for more stories. The Reserve Bank of Australia (RBA) kicked a hornet’s nest when it claimed high immigration was partially responsible for low wage ... (full story)