Recently, Australian Home Affairs Minister O'Neill released a 186-page Immigration Review Report calling for a complete overhaul of the immigration system. Data shows that the number of net migrants will exceed 500,000 this year, a record high in Australia's history. However, at the same time, inflation and house prices have put a lot of pressure on Australians. In order to alleviate this pressure, Australia** urgently announced a one-third reduction in the number of overseas immigrants, especially a drastic reform of the international student policy. This move will have a significant impact on Chinese students applying for Australian visas.
It is worth mentioning that the visa refusal rate for foreign students is already on the rise, which poses a greater challenge for future international students to apply. The Australian Prime Minister said that the reconstruction of the immigration system is to reduce the pressure on the cost of living of the people and ensure the sustainable development of migrants. How will this major change affect international students and Australia's immigration landscape? What are the challenges of applying for international students in the future? How to deal with changes in Australia's immigration system? Next, let's unravel these questions one by one. It is in Australia's national interest to reduce immigration. Why is Australia** drastically reducing immigration?
The reason is that Australia's inflation has been high, resulting in housing prices and rents, which has made many Australian voters unhappy. Faced with this situation, Australia's prime minister must take steps to win the support of voters, so cutting immigration is a necessity. It is reported that the number of migrants to Australia from 2023 to 2024 is expected to drop significantly to about 3150,000 people. In addition, the Australian Department of Home Affairs has also updated the state-nominated skilled migration program for the 2023-2024 term, with a reduction of more than 70% in each state.
These policy changes show a significant reduction in overseas migration in the coming years to reflect the new policy blueprint. ** Also shows that migration absorption is expected to decline significantly in the next fiscal year. The move also suggests that Australia** will impose stricter restrictions on non-essential temporary visa holders staying in the country. While migration analysts at the University of Sydney believe that migration has brought about a balance between labour supply and demand, many locals disagree, arguing that too much immigration is robbing them of jobs.
According to a poll by the Resolve Political Monitor, 62 per cent of Australian voters believe there are too many immigrants. In this regard, many locals have a clear attitude towards immigration, and they believe that the number of immigrants is too large, which has a negative impact on local work and life. In response, Australia** must make adjustments to its immigration policy to balance the impact of the number of migrants on the lives of its residents. The issue of immigration in Australia has attracted much attention, and the number of immigrants from the Ministry of Finance will be significantly reduced, which is worrying.
However, some experts believe that immigration plays a crucial role in Australia's economic growth. The long-term growth of the Australian economy is mainly determined by three factors: population growth, social participation and productivity growth. Over the past decade, migration has become the main engine of Australia's economic growth, thanks to a sharp rise in net overseas migration. However, the closure of borders due to the pandemic has brought net migration to a standstill or even an inversion in 2020 and 2021. The biggest problem facing Australia now is a severe shortage of labour.
If migration is cut, it will hit Australia's economic growth rate, which is expected to lead to a 1-year drop in GDP from pre-pandemic levels by 20269%。Migration analysts at the University of Sydney pointed out that the arrival of migrants has not only increased the supply of labor, but also increased the demand for labor. Immigrants, as consumers of goods and services, typically consume at a higher rate over a period of time, which will create demand in the labor market, creating a "job multiplier" effect. In other words, immigrants are not here to grab jobs, but on the contrary, they bring more consumption and employment opportunities.
It is reported that each skilled or business migrant can bring at least $60,000 in salary income or employment payments per year, plus $50,000 in living expenses, which is equivalent to a direct GDP contribution of $110,000. Over the course of the economic cycle, this direct contribution of $110,000 typically brings 3x leverage, generating an additional $330,000 in upstream and downstream economic benefits. If you include job investment, etc., the comprehensive economic contribution that immigrants bring to Australia every year will be higher. Therefore, it is clear that the role of immigrants in Australia's economic growth is self-evident.
In the current situation, more attention should be paid to the contribution of migrants to the economy, rather than to reduce the size of immigration. Only by continuing to absorb high-quality immigrants can we better promote the development of the Australian economy and create more employment opportunities and economic benefits. Australia's immigration policy has always attracted much attention, and recently Australia** proposed a policy to reduce the number of immigrants. According to statistics, if Australia brings in 350,000 immigrants every year, it will boost GDP growth by 44%, which has a positive impact on the Australian economy and living standards. However, the decision was to reduce the number of immigrants.
What impact will this policy have on Australia's future development? The role of immigrants in driving the Australian economy cannot be overlooked. According to research, the direct or indirect contribution of immigrants to Australia's GDP has reached nearly 20 billion Australian dollars. The labor and consumer demand brought by immigrants has driven Australia's economic growth and brought development opportunities to all walks of life. More importantly, immigrants also enrich Australia's cultural diversity and inject new vitality and creativity into society. However, Australia** decided to cut the number of migrants, advocating "addressing the major challenges facing the country", and this decision has caused a lot of controversy.
It has been argued that too much migration can put pressure on Australia's job market and social welfare, and it may also have an impact on the local environment and resources. However, it is worth noting that the entrepreneurship rate of immigrants in Australia is much higher than that of locals, and their innovation and creativity have also injected new impetus into the economy. What do you think of Australia's current policy direction, which has sparked a lot of discussion? In the face of the decision to cut the number of immigrants, do you support or oppose it? Or do you have better suggestions and ideas? Feel free to leave a comment to share your views.