The One Nation immigration plan has recently announced its goal to reduce visas and immigration to "net zero" for the next three years, aiming to alleviate pressure on housing and essential services. The party also intends to limit the ability of immigrants to bring family members to Australia.
Significant Reduction in the Number of Temporary Immigrants
The One Nation plan focuses on reducing the number of international students, temporary graduate visa holders, and family members of immigrants. According to this plan, the number of international students will decrease from nearly 590,000 to 350,000. This means a reduction of about 240,000 over three years. Additionally, the number of temporary graduate visa holders will drop from about 270,000 to 40,000, representing an 85 percent decrease.
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Economic and Labor Market Consequences
A reduction of 230,000 in the number of temporary graduate visa holders means a sharp decline in the number of workers in the labor market. According to the 2021 census data, 88 percent of temporary graduate visa holders participate in the workforce, and these workers are active in various economic sectors, including restaurants, hotels, and healthcare services.
The decrease in this number of workers could exacerbate the labor shortage in Australia. Business groups have expressed their concerns about the economic risks of this plan, stating that reducing immigration to more than 750,000 could harm economic growth. Especially in conditions where many industries are facing severe labor shortages, this reduction in the number of workers could put additional pressure on employers.
Furthermore, international students play a significant role not only as workers but also as consumers. They spend in various areas such as accommodation, food, retail, and tourism, which helps create more jobs for Australians.
In summary, a significant reduction in the number of immigrants and international students could have wide-ranging consequences for the labor market and economy of Australia. This plan not only leads to a decrease in the number of workers and services but could also affect the demand for Australian goods and services.
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