SnowDoggyDogg
2ltr? = Only milk & juice
- Joined
- Nov 17, 2012
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Agreed Sabbath.
Of course when AUD is 60 cents to the USD those ' high wages' are relatively modest in comparison to building in other western countries.
Crank the AUD to parity or at its worst $1.10+ USD and those Aussie wages become comparatively uncompetitive as they nearly double input costs.
We literally are (mis)managed by a pack of self-interested idiots who can't see the bigger picture and think beyond the next four years (probably less) election cycle.
I remember pollies crowing about our new found 'purchasing power' because they didn't devalue our dollar like every 'better' managed economy was.
Guess what - Nobody wanted to buy our now super expensive stuff that used to be affordably priced and we lost nearly every export manufacturer in a matter of years. Those advanced manufacturing businesses and skills are the things every country desperatly needs after a recession hits and they need to productively lift themselves out of economic depression. Baristas, banksters and real estate agents aren't going to get us going after this next recession 'we had to have' again.
Of course when AUD is 60 cents to the USD those ' high wages' are relatively modest in comparison to building in other western countries.
Crank the AUD to parity or at its worst $1.10+ USD and those Aussie wages become comparatively uncompetitive as they nearly double input costs.
We literally are (mis)managed by a pack of self-interested idiots who can't see the bigger picture and think beyond the next four years (probably less) election cycle.
I remember pollies crowing about our new found 'purchasing power' because they didn't devalue our dollar like every 'better' managed economy was.
Guess what - Nobody wanted to buy our now super expensive stuff that used to be affordably priced and we lost nearly every export manufacturer in a matter of years. Those advanced manufacturing businesses and skills are the things every country desperatly needs after a recession hits and they need to productively lift themselves out of economic depression. Baristas, banksters and real estate agents aren't going to get us going after this next recession 'we had to have' again.