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09 February 2011
A recent survey of 1200 Australian businesses conducted by Dun and Bradstreet found that demand for employees has reached an seven year high and that skilled migration may be the key to solving expected labour shortages.
"Policy makers will need to ensure the supply of skilled labour can keep up with demand in order to avoid wages growth adding to the inflationary pressure," said D&B chief executive Christine Christian.
The Australian economy is likely to see enormous pressure due to a tight labour market, which may force wages higher, according to the report.
The Australian Government has responded to falling unemployment rates and labour shortages by promising to make changes to temporary work visas which will make it easier for Australian businesses to hire overseas workers.