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Old 01-24-2012, 11:49 AM   #8
maxtp

Join Date
Nov 2005
Posts
468
Senior Member
Default
There's a reason jobs go to China. It's because their wages are lower than ours, productivity notwithstanding. The reality is that we would have more manufacturing jobs if employee costs were lower. Employee costs and export costs are the major impediments to a manufacturing base in Australia.
Australian manufacturing workers are not going to quietly submit to a pay cut of 90% or thereabouts. They would be rather more likely to listen to a Marine le Pen espousing protectionism, I suggest.
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