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Australia will be lumbered with a skills shortage of 1.4 million workers by 2025 if governments don't raise the retirement age and boost immigration, a new report says.

The report by the Victorian Employers Chamber of Commerce, to be presented at a summit in Melbourne on Tuesday, said unless changes were made the nation's job participation rate would fall from 65.2 per cent to 61.8 per cent by 2025.

The organisation is calling on federal and state governments to lift barriers to older workers and boost skilled migration, among other measures, The Australian has reported.

"To meet moderate levels of labour-demand growth, Australia's participation rate would need to be 68 per cent," one of the report's authors Darin Ritchie told the newspaper.

"To address this workforce deficit, Australia needs to raise the average retirement age, increase the workforce participation of disadvantaged groups, increase migration, or offset labour demand through productivity growth.

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Guest sh7t man no way
Australia will be lumbered with a skills shortage of 1.4 million workers by 2025 if governments don't raise the retirement age and boost immigration, a new report says.

The report by the Victorian Employers Chamber of Commerce, to be presented at a summit in Melbourne on Tuesday, said unless changes were made the nation's job participation rate would fall from 65.2 per cent to 61.8 per cent by 2025.

The organisation is calling on federal and state governments to lift barriers to older workers and boost skilled migration, among other measures, The Australian has reported.

"To meet moderate levels of labour-demand growth, Australia's participation rate would need to be 68 per cent," one of the report's authors Darin Ritchie told the newspaper.

"To address this workforce deficit, Australia needs to raise the average retirement age, increase the workforce participation of disadvantaged groups, increase migration, or offset labour demand through productivity growth.

that sounds like good news sussex boy--- we could all do with a bit of that-- keep them coming-- thank you.:jiggy:

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