There’s skill and there’s skill…
The complex interplay between local labour markets, skills, capital growth and immigration policies within developed countries is writ-large in national-level events within both the USA and Australia over the last week. In the US recently, more than 160 tech companies asked a court to reject President Trump’s second travel ban whilst in Australia this week, the Prime Minister, Malcolm Turnbull announced the abolition of the 457 Visa programme, replacing it with a two-year visa and a more specialised one for four years “targeted at higher skills”.
Australian 457 Visas
The immigration-productivity-growth cycle is a much needed and very real policy-position in both the US and Australia.
DISTRIBUTION is the challenge for policy makers: many lower value industry sectors may/will benefit from such changes, many at the higher end of the median income scales [IT for example], believe the changes are detrimental. The overall impact on the economy and the impact on actual job creation remains to be seen.
Whilst many see challenges and need to reduce the “threats to local jobs”, New Zealand sees the opportunities of increasing a skills base and improving the ‘complexity’ of the economies in regional centres. Clever…
The New York Times reports a municipal program to fly in 100 developers next month — wine them, dine them and offer them jobs — was expected to draw 2,500 applications. But the recruitment effort, called LookSee Wellington, was besieged with more than 48,000 entries, including workers at Google, Amazon, Facebook, M.I.T. and NASA. At one point so many people checked out the program that the website failed.
Contrast this with the controversial compulsory move of the Australian Pesticides and Veterinary Medicines Authority from Canberra to Armidale. As recently as this morning, the CEO Kareena Arthy has tended her resignation. The “decentralisation” agenda appears to have considerable research to suggest one should value the “pull” factors, rather than the “push” factors.
Meanwhile, a piece of this pie goes to New Zealand….
You will find more statistics at Statista
- US TECH Giants Still Growing
- Australia abolishes 457 Visa
- US H1B visa applications reach 85,000 cap in 4 days – all you need to know
- As New Zealand Courts Tech Talent, Isolation Becomes a Draw
- LookSee Wellington
- Australian Pesticides and Veterinary Medicines Authority move to Armidale
- Productivity Commission warns against moving public servants to rural areas