Australians continue to go backwards on many measures of income and wellbeing as high immigration rates see the nation's weak economic growth split between more people. A report by Commonwealth Bank senior economist Gareth Aird has found that Australia's high immigration intake is papering over economic weakness in headline figures, but when you break down those numbers per person a bleaker picture is revealed. "Per capita measures of the economy suggest that growth in living standards has stagnated and for some sections of the resident population, in particular younger people, it has gone backwards," he wrote. ... (full story)