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@martinw-48 wrote:
Chamo, didn't you just complain that Australians get paid too much?
So capatalism is only no good when someone you don't like buys land.
Free market if Australians don't value our land enough to pay a premium for it then so be it
Sorry, but you have got my posts completely wrong. First I didnt complain about anything. All I did was try to explain why wages are stagnent and living standards are falling. Please dont shoot the messenger.
I,ll go through it one more time.
In the past, Australians have had very generous wages and living standards BECAUSE as a nation we export large amounts of raw materials per head of population through mining and agriculture. As our population has increased due to government immigration policies ( to prop up the housing and construction sector ) this natural wealth is being spread across more and more people to the point where it can no longer sustain our current living standards for each individual from mining and agricultural wealth.
Instead of this increased population producing increased export income, we have seen our manufacturing sector dissapear and more people employed in the public service and private service industries. While the service sectors make money go round in the economy, they dont actually increase the pool of money, allowing for wage increases by exporting. Basically they dont actually generate any real wealth.
This means less money for wages and less money for social policy, resulting in falling living standards for all Australians, including those on Centrelink payments.
There are several problems with the vineyard I leased and hundreds of other similar businesses being sold to Chinese investors.
The first is the loss of our natural agricultural wealth, exacerbating the problem of less money in the economy feeding into falling living standards for all Australians. The second is that the wine is put in 1000 litre shuttles and exported, meaning a loss of Australian jobs in bottling, marketing and sales. More unemployment and falling living standards.
The third problem is the loss of vibrancy in our community as a well known, reasonably high profile business is taken out of the system. One less winery for bus loads of tourists to visit. One less business to sponsor the local sports club. One less business to promote its produce at food and wine festivals.
The loss of grazing from the vineyard wont affect me at all. I have already restructured my business to compensate and moved on to better things. ( and the previous owner has just purchased a very nice boat with the Chinese investors money and has invited me to go fishing with him....Win Win......
)
What it will do though is further exacerbate the problem of stagnent wages and falling living standards for almost all Australians.
