Ninka Donating Members 1,850 Member For: 21y 11m 1d Gender: Male Location: Perth, WA Posted 20/08/06 11:00 AM Share Posted 20/08/06 11:00 AM So how does the economy work in China, India etc if the workers are only getting paid a fraction of what we are in Aust? The cost of everything they buy (including food) must be next to nothing? What about housing, is it very cheap too?←For most the answer is YES.They just get packed into small apartments in the cities, and in China, individual rights do not exist! If it is good for the state, it is good for you Just look at the amount of workers killed in their coal mines each year In any other western or developed country, this would be unacceptable.China is making progress in improving it's record on some of these issues, and they will no doubt improve, but there is some way to go yet Link to comment Share on other sites More sharing options...
sbr79 Member 280 Member For: 20y 4m 22d Posted 20/08/06 12:06 PM Share Posted 20/08/06 12:06 PM Sorry to say but from my original post someone is trying to compare my standard of living with a CAR, if push comes to shove mate the car is a luxury item, where as my ability to provide food, the AUSSIE DREAM (A nice house) for my wife, and whilist we don't have kids yet, why would we want too now considering the government says we need less money and need too provide more kids for the country, so what HOward and co is saying is that in Australia, private school education costs will go up, but the take home pay for parents is going to go down, providing I ain't driving the kids to school in a 70 000 dollar car, oh hang on if I didn't though my child would be picked on coz his/her parents have a sh*t living standard in hte eyes of the wealthy. Link to comment Share on other sites More sharing options...
TurboDewd FG Falcon fan! Member 1,452 Member For: 21y 4m 19d Gender: Male Location: Canberra Posted 20/08/06 12:52 PM Share Posted 20/08/06 12:52 PM Ok, lets not be so pessemistic. One Aussie company having problems doesnt mean were going down the gurgler. Australia is more of a service-based economy now. The unemployment rate is just below 5% so that's not too bad. I certainly wish more manufacturing occurred here but I dont think theres much we can do in terms of competing with cheap Chinese labour. Link to comment Share on other sites More sharing options...
sixfan Flaccid Member Donating Members 2,503 Member For: 21y 6m 4d Gender: Male Location: NOONAMAH, go figure..... Posted 20/08/06 08:54 PM Share Posted 20/08/06 08:54 PM Ok, lets not be so pessemistic. One Aussie company having problems doesnt mean were going down the gurgler. Australia is more of a service-based economy now. The unemployment rate is just below 5% so that's not too bad. I certainly wish more manufacturing occurred here but I dont think theres much we can do in terms of competing with cheap Chinese labour.← About the only way we can compete is to encourage and support R&D in this country, increase attendance at places of higher education and actually become a country of innovators, instead of just talking about it. China can build all the widgets they want, but if we're the ones designing better widgets, they'll need to pay us for the privelage. Link to comment Share on other sites More sharing options...
Dagabond Bored Member Administrator 35,722 Member For: 22y 11d Gender: Male Location: Dé·jà vu Posted 21/08/06 04:01 AM Author Share Posted 21/08/06 04:01 AM Ok, lets not be so pessemistic. One Aussie company having problems doesnt mean were going down the gurgler. Australia is more of a service-based economy now. The unemployment rate is just below 5% so thats not too bad. I certainly wish more manufacturing occurred here but I dont think theres much we can do in terms of competing with cheap Chinese labour.←Yeah your right what was I thinking it was pretty pessimistic I mean it's only 1 company isnt it, it's not like 200+ people are now out of work or anything.......With little to no experience in anything other than what they've been employed to do for the last 30 odd years and being the wrong side of 30 I'm sure theres plenty of other sectors out there that are willing to employ and train them.Not taking into account the onflow effect... Link to comment Share on other sites More sharing options...
Ninka Donating Members 1,850 Member For: 21y 11m 1d Gender: Male Location: Perth, WA Posted 21/08/06 04:06 AM Share Posted 21/08/06 04:06 AM Ok, lets not be so pessemistic. One Aussie company having problems doesnt mean were going down the gurgler. Australia is more of a service-based economy now. The unemployment rate is just below 5% so that's not too bad. I certainly wish more manufacturing occurred here but I dont think theres much we can do in terms of competing with cheap Chinese labour.←Yeah your right what was I thinking it was pretty pessimistic I mean it's only 1 company isnt it, it's not like 200+ people are now out of work or anything.......With little to no experience in anything other than what they've been employed to do for the last 30 odd years and being the wrong side of 30 I'm sure theres plenty of other sectors out there that are willing to employ and train them.Not taking into account the onflow effect...←Come on Dags, do I detect a bit of sarcasm I agree though - I think Link to comment Share on other sites More sharing options...
replicant Member 180 Member For: 19y 16d Posted 21/08/06 04:28 AM Share Posted 21/08/06 04:28 AM This is the price of Free Trade....You have to hope for every old world job where labour costs in Australia are on average 5-10 times higher than someone working in a sweat shop without the benefit of environmental controls, Occupational Health and Safety, Workcover, decent holidays, RDO's or a pension... that we get a new world job instead that utilises our quality education and quality education pool or one that utilises our relatively pristine environment (since there's is @#$% from all the low grade coal burnt, poisoned water and lack of any controls)...In the meantime, China is taking about every single ounce of iron ore, scrap steel and coking coal... that they can get their hands on... which is why the likes of BHP are doing rather well at the moment... scrap steel prices are at historical highs...You can't have high prices for our steel, iron ore and everything else we send to China without expecting to receive something in return... Windscreens O'Brien, Ajax and Ion are all symptoms of a restructure in the economy... we see it in the new suburbs in Mumbai with flash call centres and COBOL programmers...The new economy isn't about making stuff... it's figuring out ways to use the stuff uniquely and to keep the technology for as long as you can or licence it so the money comes back here... like the injection systems for Orbital Engines or Arthur Bishop's patents on variable ratio power steering systems (AND on the tools you need to make a variable ratio steering system - clever bloke he is...he picks up a royalty on about 20% of the annual WORLD production of cars - he makes a dollar a car and makes about $5m a year without making anything) Link to comment Share on other sites More sharing options...
Paradoxx Colossal Member Member 5,049 Member For: 20y 3m 1d Gender: Male Location: Perth, WA Posted 21/08/06 09:28 AM Share Posted 21/08/06 09:28 AM AUSTRALIA'S major car makers could be forced to stand down thousands of workers within days because of the failure of talks over a rescue deal for a key supplier.Ford admitted today its plants, which employ 4000 workers in Victoria, will start running out of supplies from component maker Ajax Engineered Fasteners by the middle of this week and workers will be stood down until supplies recommence.Holden, based at Elizabeth in South Australia and Port Melbourne in Victoria, has enough stocks to last only until the end of this week, after which its 5000 workers may be asked to take early holidays.Ajax, based in Melbourne's south-east, is currently under administration and car companies have been in talks since last week to try to keep the component maker in business with a $2 million rescue package.The embattled company is a division of Global Engineered Fasteners (GEF) and makes the specialised nuts and bolts supplied to car makers on the so-called just-in-time system.Parts are supplied "just-in-time" and no stockpile is kept, but car makers quickly run out of parts when the supply chain is disrupted."We are still OK until the close of business on Wednesday," Ford spokeswoman Sinead McAlary said today. "After Wednesday we will need to look at standing down our workforce at Broadmeadows and Geelong."Ford makes 450 cars a day in Victoria.About 200 Ajax staff have been working without pay since Friday to keep the factory ready to recommence production, but today began winding down furnaces at the site.It takes about a week for the furnaces to completely go out and it would take at least one week for them to restart.Ford would have to stand down workers until supplies for Ford recommence, Ms McAlary said.Expensive Daewoo spokesman Jason Laird said the car maker would also face problems if Ajax does not begin supplying it with specialist parts. But it had been able to secure supplies from Europe and the United States until at least the end of this week.Mr Laird said about 4000 Expensive Daewoo staff in Elizabeth, in South Australia, and 1000 workers in Port Melbourne could eventually be laid off if Ajax did not resume supplies."It's frustrating that we still haven't reached a resolution," Mr Laird said.He said the company would try to minimise lay-offs by asking staff to take annual leave and rostered days off during the delays.Victorian secretary of the Australian Workers' Union, Cesar Melhem, said he had hoped the car companies would have been willing to pay more for parts to keep Ajax operating."It is like someone who needs a lifesaving device. If you need it, you don't ask how much it is," Mr Melhem said.Prime Minister John Howard today said the Government was taking a back seat in the dispute for the short term."The first thing to do is to let the industry see what it can do," Mr Howard said. Link to comment Share on other sites More sharing options...
Dagabond Bored Member Administrator 35,722 Member For: 22y 11d Gender: Male Location: Dé·jà vu Posted 21/08/06 11:15 AM Author Share Posted 21/08/06 11:15 AM Not taking into account the onflow effect...←I hate being right about this subject. Link to comment Share on other sites More sharing options...
Paradoxx Colossal Member Member 5,049 Member For: 20y 3m 1d Gender: Male Location: Perth, WA Posted 22/08/06 04:35 AM Share Posted 22/08/06 04:35 AM Ahh cheers for moving the post, I didnt realise this thread was the same issue Ie I didnt read it first Link to comment Share on other sites More sharing options...
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