When anyone says mass migration is automatically ‘good for the economy’, show them this chart.
Australia now sends vastly more money overseas (>$16 Billion) in remittances than it receives back. That means billions earned here are leaving the country every year.
No prizes for guessing who the largest culprit is. 🇮🇳
Nominal GDP goes up - Real GDP per capita goes down. Retained national wealth is another question.
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