Tony Abbott’s economic argument against immigration is flawed

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Former Prime Minister Tony Abbott graduated with a bachelor’s degree in economics from the University of Sydney in 1979.

But having since derided the dismal science as “boring”, it appears he may have snoozed off at a crucial point in his lectures.

Erv 1aIn a speech to the Sydney Institute last Tuesday, Abbott explained his logic behind his call for a reduction in Australia’s annual rate of immigration from 190,000 to 110,000 a year.

“My issue is not immigration, it’s the rate of immigration at a time of stagnant wages, clogged infrastructure, soaring house ­prices, and…

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