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The Pom Queen

Migrant Businesses in Australia

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It seems today was a busy day for new reports being published on how migrants are welcome in Australia and how they have saved a number of areas from decline.

Today the Migrant Small Business Report was released by the CGU. I was surprised to see that 1/3 of Australian Small Businesses are owned by migrants.

I was also shocked that 49% of Australians were born overseas or had a parent born overseas.

I wasn’t shocked to read that migrants pay more in taxes than they do claiming benefits.

Of all these migrant businesses 83% had never owned a business before coming to Australia

The report can be found here 

https://www.cgu.com.au/migrantsmallbusiness/assets/CGU_Migrant_Small_Business_Report.pdf

 

ABC News showcased the regional town of Pyramid Hill in Victoria, located about an hour north of Bendigo. When sixth-generation piggery owner Tom Smith had had enough of trying to lure local workers to assist on his pig farm, he turned to the Philippines for help. A decade later, the Pyramid Hill community has embraced the new Filipino population and recognises the essential role Filipinos have played in filling labour shortages in local piggeries, dairy farms, shops and schools. Today, almost 20% of the residents of Pyramid Hill are from the Philippines, and the economy in Pyramid Hill has never been stronger.

"With the Aussies, piggeries were the last resort in terms of employment. Whereas with the Filipinos, piggeries are their chosen career."

Australia's permanent migrant intake rate: A cap or a target?

Since 2011, the Australian government has made reference to 190,000 places being available for new migrants. And from 2012 until 2016, this figure was seen as a "target": a figure to strive for. In other words, the contributions of migrants to Australia's economy, both in terms of small business and new job creation as well as filling labour shortages in regional areas, were recognised and appreciated.

In 2017, however, the Turnbull government kept the planning figure of 190,000 new migrant places intact, yet began referring to it as a "cap," rather than a "target." Language is powerful, and the simple turn of phrase seemingly reflected the government's changing view on the topic of migration. With migration places now being framed as an obligation rather than a goal, places dipped in the 2017 financial year to 183,000 and are predicted to be below the 190,000 standard again when the figures are released for this financial year.

Australia's recent federal budget appears to have reversed its decision on immigration, with a budget forecast of 1.5% population growth over the next four years being an essential element of the budgeted 3% economic growth.

As ABC News reported, economist and former Treasury official Stephen Anthony noted that, taking Australia's average birth rates into account, the predicted rates of economic growth can only come from maintaining at least the current levels of Australia's migrant intake.

Of course, whether regional areas will feel the benefits of Australia's current and future migration intake will depend on whether local residents are willing to change their viewpoints and embrace multiculturalism in their local areas.

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If you are depressed you are living in the past. If you are anxious you are living in the future. If you are at peace you are living in the present.

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