Pantheon wrote on Oct 18
th, 2014 at 12:33pm:
ImSpartacus2 wrote on Oct 17
th, 2014 at 11:23am:
How stupid do you have to be to accept a situation where companies go off shore to take advantage of slave labour wages and then export their products back to Australia at inflated prices so that they can take advantage of what for the time being is our higher wages. Free trade agreements are undoubtedly the biggest destroyers of jobs in this country and the jobs that are surviving are progressively being down graded to slave labour pay and conditions. Our governments have stopped governing for our interests (if indeed they ever did). They have more loyalty and more in common with the wealthy and powerful foreign elite then they have to the average working Australian. Time we fought these bastards for the sake of a decent dignified living for ourselves and our children in the future. Greed knows no bounds and has no other loyalty but to greed.
slave labour wages? wages payed in these factories can be almost 5 times as much as they would of been paid if they remain working the fields, workers flock to factory jobs because they pay so well, it what help drives migration from the country side to the cities during the industrialisation process.
It might be 'slave labour wage' in Australia but in their country its a wage that can support a WHOLE FAMILY!!
And as a business owner, i have moved all of by jobs off shore... i cant afford Australia's high minimum wages... all workers do, when they fight for higher minimum wage is shooting themselves in the foot.
Free trade agreements are good for economies and protectionism harms economies, this has been proven, The USSR, englend and France, history shows nations who adopt Free trade agreements see a larger growth in the middle class than nations who adopted protectionism.
The book 'the wealth of nations' has an in-depth analyse about this.. the issue isn't Free trade agreements, it something else.
I love it when you shoot down your own argument. Yes - the factory wages in China are higher than a serf worker... and can feed a family. They would not feed a family here due to costs of living.
At the same time china is enduring upward pressure on prices of food etc since the field hands aren't paid enough to get by.....brilliant economics there.. next move - raise wages of field hands, followed by wage raise for factory and so forth until their wages equal ours anyway, while costs continue to escalate upward...
Same as ours.. an ordinary wage here is more and can feed a family.. now, of course, with the off-shoring of jobs, that family lives out of your pocket without working... great work...
So - end result - once The West has been reduced to slave wages and the Chinese reach wage parity... then all the jobs come home because it's cheaper here and the whole nonsense starts again.
Short-term thinking will gain you nothing... it will certainly soon bring you a government that will make rules to reduce you down to cut costs and raise needed revenue to fix the mess.... in the interests of national survival.
Australia First.... get with it or lose.