Migration is transforming the age profile of the labour force, with young migrants, predominantly in their 20s, accounting for 80 per cent of the growth in the workforce in the past five years.
Employment grew by 730,000 people between 2011 and last year and, of this, 600,000 were migrants arriving in that period.
In a presentation to be made to the Melbourne Institute/The Australian Economic and Social Outlook Conference this week, leading demographer Peter McDonald says that, without migration, there would have been no increase at all in the number of workers younger than 55 over the past five years.
“All the workforce growth would be at ages 55 years and over. The migrants coming in at a young age change the age structure of the labour force,” Professor McDonald says.
“Most of the other growth is older women increasing their participation rates, while the population is increasing at older ages.’’
SOURCE: Uren, David and Taylor, Paige. “Young Migrants a Boon for Growing Workforce.” The Australian, 17 July 2017
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