The government's Intergenerational Report suggests a significant proportion of Australians will age out of the workforce in the coming years. Business groups and economists are urging the government to look to migration as a solution for the job vacancies those retirements will create.
Over the next 40 years, the number of Australians aged 65 and over will more than double.It means a significant proportion of Australians will age out of the workforce in the coming years.
"So in essence we're looking at a confluence of declining revenue, at least from that proportion of the population, and increasing expenditure, which puts more of a burden onto the personal income taxes of perhaps the younger generation, which is a massive issue we're seeing in the intergenerational report.
She says once they arrive in Australia, many migrants and refugees face barriers such as insufficient language support.
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