Here:
"Christopher Joye, managing director of Rismark International, a fund manager and property analyst, believes an influx of foreign workers is exactly what Australia needs.
“At 5 per cent, Australia’s unemployment rate is already at what economists and the authorities define as full employment,” he explains. “Falls below this level are likely to trigger upward pressure on wages, and raise the spectre of a wage-price spiral.”
In the face of labour shortages, one suggested solution is to reallocate workers from under-utilised sectors of the economy, such as traditional manufacturing and housing, and import more skilled labour on a temporary or permanent basis."
