Answer To: tep 2, worth 25% of total unit marks: Project proposal. For this assignment, due at the end of week...
Akansha answered on Aug 23 2020
Immigration
Running Head: Effect of immigration on employment rate and economy of Australia
Effect of immigration on employment rate and economy of Australia
Immigration
August 22
2018
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Contents
Introduction 3
Aim and objectives/research questions 3
Specific Objectives: 4
Research Questions 4
. Preliminary literature review 4
The organization of the project 8
Data Collection 8
Data Analysis 9
Feasibility of the project 9
Gantt chart 9
References 11
Introduction
The financial contributions of immigrants to Australia have also been seriously underestimated for a long time. Immigration has been a major contributor to the growth of the Australian workforce. In 1991, 26% of the workforce was immigrants, and 13% were Australian-born immigrant children. A large proportion of these immigrants come from the UK and continental Europe, although Asian immigrants are more important in the recent wave of immigration. This change in the country of origin of Australian immigrants reflects changes in Australian immigration policy and supply and demand factors in the global economy. One of the important considerations in this regard is the potential for Australia's economic success. While the net impact of this immigration decision depends on the relative extent of economic well-being in the country of origin and destination, the first step in understanding its importance is to examine the economic well-being of immigrants. The main determinant of economic well-being is whether an individual has a job. Therefore, immigration employment results are the focus of this study.
Aim and objectives/research questions
The overall goal is to determine the impact of immigration on Australia's employment rate and economy. This article explores the impact of immigration on employment in Australia after the global financial crisis. Studies have shown that immigrants bring significant benefits to the Australian economy. However, as strong labor demand is likely to maintain immigration at a relatively high level in the next few years, the government has a responsibility to plan for the impact of rapid population growth on infrastructure and resources (Aldén & Hammarstedt, 2016).
Specific Objectives:
I. Propose the relationship between immigration and employment rates and the Australian economy.
II. Look for relationships between immigration and employment rates and the Australian economy.
Research Questions
RQ1: What impacts did immigrants put on employment and the economy of Australia?
RQ2: How much and to what extent immigrants help in improving employment and the economy of Australia?
Preliminary literature review
The financial impact of immigration flows into all aspects of the financial system. It not just has profound positive impacts on population development; however also has a profound positive impact on labor employment and participation, income and wages, national skill based or net productivity (Almosova, 2014). According to three "P" – productivity, participation as well as population – the migration is an important feature. In the deficiency of an immigration plan, the Australian population will reach 24 million in 2050; according to the plan, we expect the population to reach 38 million by 2050. This population growth itself increases economic returns, but the interaction between immigration and our financial indicators are complex moreover returns far away from the advantages of the simple development of population (Bar-Massada, 2015).
In the next 35 years, immigrants will promote employment development. Since immigrants are concentrating on the main working age groups moreover have a higher level of education, they also have a very positive impact on employment rates. By 2050, the employment growth rate of 45.2% exceeded a growth of population by 38.1%. In addition, immigration will make sure that Australia remains an extremely skilled country because it will result in a 60.4% rise in university education population (Forsyth, 2018).
Immigrants have a complex effect on labor productivity and productivity is improved because high-level education is to increase productivity through high personal productivity and research and development. On the other hand, using a large workforce with mineral wealth and a definite notification of natural resources, including land, can reduce productivity. However, employment growth can easily exceed the loss of productivity, so by 2050, immigrants will increase per capita GDP by 5.9% (Gatina, 2016). This increase in per capita GDP will result in a greater increase in the standard of living. As government revenues increase with employment growth, rising living standards drive further...