KnE Social Sciences
ISSN: 2518-668X
The latest conference proceedings on humanities, arts and social sciences.
Labour Supply and Skills Shortages in Australia
Published date: Mar 31 2019
Journal Title: KnE Social Sciences
Issue title: The 2nd International Conference on Islamic Economics, Business, and Philanthropy (2nd ICIEBP)
Pages: 1249–1265
Authors:
Abstract:
Australia is facing a problem of skills shortage that might impact on human capital. This may lead to unsustainable economic and productivity growth. The problem is caused by a combination of factors, such as low fertility rate, an ageing population and restricted immigration policy in recent times among others. In order to address this problem Australian government applies some policies including increasing skill migrants, extending the retirement age, increasing women participation in labour market and so on. This paper discusses the Australian policies to address the skills shortage problem and analyse the implications on the economy. In addition, the alternatives of the policies also will be discussed.
References:
[1] Australian Bureau of Statistics 2008, Labour Force Statistics, Canberra.
[2] BRTE (Bureau of Transport and Regional Economics) 2006, Skill Shortages in Australia’s Regions, Canberra.
[3] Judy, R and C. SnD’Amico 1997, Workforce 2020, Work and Workers in the 21
