Australia has a lot of foreign businesses and it has a lot of immigrants. Both earn Australian dollars and huge amounts would be sent back their country of origin.

His does Australia balance its books on something like this? How do the economics of it work? Would it lower Australian inflation but shortening the money supply, and raise inflation of the destination country as it prints more money to exchange the Australian dollar?

  • fiat_lux@kbin.social
    link
    fedilink
    arrow-up
    4
    arrow-down
    2
    ·
    1 year ago

    He also contributes his labour, he is frequently underpaid because of his noncitizen status and because he is from Bangladesh he has to have his own medical insurance until he jumps visa hoops. Those visa hoops are also expensive and people from countries like England don’t have to jump some of them because they have a Medicare reciprocity agreement in place. There are other challenges too.

    Make no mistake, Australia scrapes every cent it can from foreign workers and still complains about them sending their families remittance.

    • massive_bereavement@kbin.social
      link
      fedilink
      arrow-up
      2
      ·
      1 year ago

      Plus he is contributing to the workforce without having cost a penny for his/her upbringing.

      We need to consider that educating and taking care of children up to working age costs money and resources. Having trained workers join your country for free is always a boon (unless other costs add up).

      • fiat_lux@kbin.social
        link
        fedilink
        arrow-up
        2
        ·
        1 year ago

        Great point. Plus he has been screened to exclude people with disabilities. Only the people least likely to use future resources are allowed in at all.