It’s offical: AI plus immigration terminates the childern

Thursday 20 August 2026

Goldman has released an alarming study on Australian complacency regarding our new and improved AI+immigration growth model.

Australia is mid-range in the AI rollout among DMs.

But Australia is a leader in AI job displacement. In fact, it’s probably fair to say that the higher your immigration, the worse it is for your labour market.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.