Record numbers of people are leaving New Zealand as the cost of living crisis is being compounded by limited job opportunities.
In a "significant exodus" the year to this past April saw a net migration loss of 56,500 citizens, up 12,000 from the previous record, said Firstpost. With fewer people arriving in New Zealand there are fears of a brain drain and skills shortage.
With New Zealand experiencing a second recession in less than two years employers in neighbouring Australia are trying to lure workers with offers of higher pay and better conditions.
And while New Zealand continues to languish in recession the exodus may well continue. Tehseen Islam, Stats NZ's population indicators manager, said "changes in migration are typically due to a combination of factors" including the "relative economic and labour market conditions between New Zealand and the rest of the world".
Meanwhile, there are fewer people arriving. Although the net migration gain in New Zealand remains "historically high", it "shows a declining trend", said Firstpost. In the year to April New Zealand gained 98,500 migrants, down from 106,000 in the year to March.
More people leaving and fewer arriving: these twin trends could worsen New Zealand's skills shortage, David Cooper, director of immigration firm Malcolm Pacific, told The Guardian.
The record number of Kiwis leaving "are not the desperate and dateless", he added. They're "young, skilled people" and "it's hard to attract the highly skilled people we need to replace the ones leaving". |