Jim Chalmers admits Australia is stuck in a high migration, low productivity trap (Leithvo)

Last week, Treasurer Jim Chalmers admitted that immigration to Australia would be higher than forecast and that productivity growth would be lower. The latest Treasury of Common Sense on Radio 2GB/4BC discussed the issue in detail, alongside the latest on Australia's exposure to the global energy shock.



Record immigration into Australia continues, in a country with a housing shortage.

[Posted at the SpookyWeather2 blog, March 25, 2026.]