Skill shortages are pushing high-growth companies offshore

"“They’ve shut down the entertainment precinct for the city so you’ve got these young Gen Y people wanting to go out for some fun but there’s nowhere to go. They think going overseas looks like fun so they go to Silicon Valley or London or wherever and that is accelerating massively.” Of course, young Australians have always sought their fortunes overseas, and the lockout laws, which restrict access to licensed premises after a certain time of night, are just one factor. But it comes at a critical time for Australia, with many start-ups and growth-stage technology companies citing access to talent as their main obstacle." Read more

Caitlin Fitzsimmons BRW 12 Oct 2015