undefined | Better HN

0 pointschad_oliver4y ago0 comments

While you're absolutely correct that Australia hasn't had a recession in that time, this hides the fact that there have been periods when GDP _per-capita_ has declined. Or to put it another way: Australia's recessions have been hidden by immigration-driven growth.

Of course, immigration-driven growth is great! But for people on the ground, what matters is GDP per capita, not total GDP.

0 comments

simorley4y ago

> Of course, immigration-driven growth is great! But for people on the ground, what matters is GDP per capita, not total GDP.

If GDP per capita is what you are interested in, you don't want immigration as it increases the "capita" part.

Also, Australia's growth had nothing to do with immigration. It had everything to do with China and China's economic growth.

j / k navigate · click thread line to collapse

0 pointschad_oliver4y ago0 comments

Of course, immigration-driven growth is great! But for people on the ground, what matters is GDP per capita, not total GDP.

0 comments

simorley4y ago

> Of course, immigration-driven growth is great! But for people on the ground, what matters is GDP per capita, not total GDP.

If GDP per capita is what you are interested in, you don't want immigration as it increases the "capita" part.

Also, Australia's growth had nothing to do with immigration. It had everything to do with China and China's economic growth.

j / k navigate · click thread line to collapse