Our experiment with a 'closed economy' saw unemployment drop rapidly, but what did it mean?

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ANALYSIS: Our experiment with a 'closed economy' saw unemployment drop rapidly, but what did it mean?

"This massive influx of people transformed Australian society," says the"For the first time, the government had declared that it was willing to accept migrants from beyond the British Isles.

It was a crucial element of our post-war boom in economic growth, and rising living standards and wages.

 

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it meant people simply gave up looking

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