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@davidc4430 wrote:i can only assume you are willing to 'do you bit'
Yes I,ve already been " doing my bit " for a very long time. Producing export income and seeing most of what I earn in income being redistributed to others who are not doing their bit. I,m also retaining my little piece of quality Australian agricultural land in Australian ownership, rather than selling it out to international buyers as is occurring with other farms around me. One of the properties I lease to graze sheep on was sold to Chinese investors a few months ago. Its already happening all around me.
lower your income to third world standards?
My standard of living is already very much lower than the national average, so yes I,m already " doing my bit " on this front
so your produce has a better chance to compete with cheap imports?
Again I,m already " doing my bit " on this front. Producing a product that Australia is a nett EXPORTER of. Prime lamb. I,m already producing export income that does not have to compete with other international producers. Australia is the largest exporter of lamb in the world.
by you being willing to sell your produce at half the going rate that will mean everyone who is now much poorer will be able to choose your stuff instead of that imported stuff?
I,m already selling my product at the " lowest going rate " an international market is willing to pay. ie. I,m already internationally competitive, unlike just about every other sector of Australian employment. Don't believe me ?.... Then why don't we have a car industry in Australia anymore. ?
now we just need everyone to joing you in your quest.
Exactly my point !.....
Although its not my personal quest. ( I would like to live high on the hog forever, from a mythical money tree, just as much as anyone else ) Its simply an economic reality that we cant avoid. ie. very simple, basic maths.
every company to half its prices thus becoming competitive
with lower prices lower wages will follow right?
That's about it in a nut shell. If we don't lower the price of our products and services by reducing wages, we will simply export our jobs to other countries. You don't have to take my word for it, we have already seen it happen with automotive production, dried fruit production, white goods manufacturing and even our submarine expenditure. You can also look to stagnant wage growth and falling standards of social services ie the dole etc as leading indicators of whats already happening..
Failure to reduce wages to sustainable levels will result in increased unemployment, lower tax take and even further reduced social services.
We either take the pain now with slowly deflating wages and higher unemployment or hold off until it crashes around our ears in dramatic style!
