Monday, November 25, 2013

Australia’s Migration Hangover

Pop goes Australia's migration bubble at Pacific Standard magazine.

Theme: Migration and economic growth.

Subject Article: "Our national journey to prosperity."

Other Links: 1. "Stranded Hotel in Australia Emblem of Mining Bust: Commodities."
2. "Lose it and move it: Displaced Americans move locally."
3. "Local Area Unemployment Statistics: Las Vegas-Paradise, NV Metropolitan Statistical Area."
4. "Real Estate Sizzles Again In Las Vegas."
5. "Net migration reaches 10-year high as exodus to Australia slows."

Postscript: Commodities boom. Commodities bust. Conventional wisdom has a boomtown playing the hand it is dealt wisely, investing the wealth into other parts of the economy. The same rationale applies to migration. How well is Portland managing its current largess of human capital? Not very well, as near as I can discern. I have similar concerns about Australia.

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