reply to post by MegaMind
Clearly you've never worked for $2 a day
I'm currently working for less actually.
About $0 a day for the last few months, that's..wait let me get the calculator out...that's 0 times 30...equals...ZERO! A month!
Yep, I work 10-12 hours a day 6-7 days a week and earn nothing.
As a small business owner, this is what has to happen, especially in the current economical climate.
It's not ideal but at least my business is still operating, at least I can still pay my apprentice's wages.
It's a massive gamble of course but there aren't very many businesses that turn a profit in their first few years of operation.
We shouldn't allow a business to do business over seas with sweat shops and bring their goods back here to be sold for enormous profits. Their goods
should be taxed at the border enough that their sweatshop labor can't compete with our domestic labor.
Maybe we shouldn't!
But how many will then do business with us and buy our exports? Which is about 20% of our entire GDP by the way...
What? you say we couldn't afford that stuff if it were made at home? We did at one time because we actually had manufacturing and a real economy.
Those people working manufacturing jobs making good money will be spending that money - IN OUR ECONOMY. What a concept!
Can't believe I have to spell this out for you...
Back when we manufactured everything was when the only way to get stuff we needed was to put it on a ship and wait weeks for it to arrive or make it
The cost and time made making our own things then was comparable.
Now, not so much.
Tell me, why are all the call centers sent over seas?
Why did Bluescope steel cut 1200 jobs in the last 12 months?
Why are Ford and Holden struggling so much?
It couldn't be because there are cheaper markets out there are there?
There is now way around it FREE TRADE means outsourcing labor, manufacturing and a lowering of living standards in first world nations.
Maybe it does.
Our little mining bubble here in Australia is very close to bursting.
If it wasn't for our close proximity to China, it would have burst a long time ago.
I have no answers to this problem but I can see what Rinehart is saying, if we can't stay competitive, then EVERYONE
Even people who don't work in the mines.
High wages is just one problem, the other is our stupidly high dollar.
That, in my opinion is where we can get back our competitiveness.
edit on 6-9-2012 by AlphaHawk because: (no reason given)