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Manufacturing slump. Our winter of discontent? (Read 1609 times)
Unforgiven
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Manufacturing slump. Our winter of discontent?
Jul 1st, 2015 at 3:35pm
 
Manufacturing has slumped ahead of the demise of the motor industry. This portends some heavy job losses as industrial projects have dried up leaving contractors with their begging bowl in hand.

When the motor industry shuts down the job losses will be huge.

Thingz is crook Bruce.

http://www.abc.net.au/news/2015-07-01/manufacturing-slump-points-to-unemployment...

Quote:
Manufacturing slump points to unemployment increase: Ai Group
By finance reporter Simon Frazer

New research indicates Australia's weak economy is driving a sharp contraction in the manufacturing sector, raising fresh fears the unemployment rate will rise further.

The Australian Industry Group (Ai Group) Performance of Manufacturing Index for June has dropped more than 8 points to a reading of 44.1.

Having bounced briefly in the wake of the federal budget, the index is now at its lowest level since July 2013 and well below the 50 reading that separates sector-wide expansion from contraction.

"It's unfortunate that we're starting the new financial year with a set of numbers that show the manufacturing sector remains under very severe pressure, with very weak domestic demand," said the Ai Group's chief executive Innes Willox.

    We see the lack of confidence and demand domestically continue to play havoc.
    Innes Willox, Ai Group CEO

"If it weren't for the relatively lower dollar I think we would see the sector is in all sorts of trouble."

Mr Willox said the survey of his members shows that any boost from the federal budget appears to have been transitory.

"We've seen an overall decline in activity, in sales, in production and in employment over the past month, which indicates that the boost that was achieved from the budget measures has been fairly short lived because domestic demand still remains very weak," he observed.

"There's a fair few factors now playing on the sector. We see the lack of confidence and demand domestically continue to play havoc, we've seen concerns about what's happening with the global situation, we're seeing indications very clearly that the closure of the automotive sector is starting to bite."

Mr Willox said the index is a leading indicator that suggests manufacturing and the wider Australian economy is likely to deteriorate over the coming months.

He fears that will also drive the unemployment rate higher as businesses are force to make hard decisions, and warns there are no short-term fixes to address the problems.

"Manufacturing works with the multiplier of four to five jobs for every one in manufacturing, so subdued activity will then flow out across the economy into areas like transport and logistics and the broader services sector," Mr Willox warned.

"That could be also particularly hard on regional areas, which have a particular reliance on manufacturing.

"You've got to remember too today that there's a new minimum wage increase coming into effect and that's going to be another pressure point for business when it comes to making decisions around employment for the future."
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John Smith
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Re: Manufacturing slump. Our winter of discontent?
Reply #1 - Jul 1st, 2015 at 3:48pm
 
manufacturing in Australia is finished ... all these FTA's have ensured that.
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Re: Manufacturing slump. Our winter of discontent?
Reply #2 - Jul 1st, 2015 at 4:25pm
 
John Smith wrote on Jul 1st, 2015 at 3:48pm:
manufacturing in Australia is finished ... all these FTA's have ensured that.


You evidently don't remember the protectionism era in Australia where people would travel outside Australia and come back with duty free goods which were less than half the price of the same goods in Australia.

The current credo of international competitiveness dictates that companies that cannot compete with international competitors should get out of the business.

Tariffs and duties eventually lead to uncompetitive industries that grow fat and lazy on protectionism.

Furthermore fostering manufacturing and mineral exports and agriculture exports would force up the A$ putting more pressure on all export industries and wages. Inflation will rule.
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Re: Manufacturing slump. Our winter of discontent?
Reply #3 - Jul 1st, 2015 at 4:27pm
 
that's all well and good, but Australia cannot compete with the likes of China on price. Allowing them to flood the market with cheap crap helps nobody long term. Sure, people had to pay more for their TV's, but they could afford to, they had jobs.
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Re: Manufacturing slump. Our winter of discontent?
Reply #4 - Jul 1st, 2015 at 4:30pm
 
John Smith wrote on Jul 1st, 2015 at 4:27pm:
that's all well and good, but Australia cannot compete with the likes of China on price. Allowing them to flood the market with cheap crap helps nobody long term. Sure, people had to pay more for their TV's, but they could afford to, they had jobs.


There has to be an economic balance. You cannot keep exporting gigantic holes in the ground without importing future manufactured landfill to fill them later.
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Re: Manufacturing slump. Our winter of discontent?
Reply #5 - Jul 1st, 2015 at 8:12pm
 
John Smith wrote on Jul 1st, 2015 at 4:27pm:
that's all well and good, but Australia cannot compete with the likes of China on price. Allowing them to flood the market with cheap crap helps nobody long term. Sure, people had to pay more for their TV's, but they could afford to, they had jobs.


So how come Germany is doing well flogging premium quality cars all around the world including to the chinese ?

The problem with Australia is the corrupt and stupid taxation system encourages punters to invest in property and not much else. Generous tax concessions given to speculators ensure  that most of the bank borrowings are sunk into property deals. On the pother hand Germany has a banking system that favours investment into productive engineering businesses which is why they are having to bail out deadbeat countries such as Greece which are built on the peasant landlord mentality that they have also brought to Australia.
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Re: Manufacturing slump. Our winter of discontent?
Reply #6 - Jul 1st, 2015 at 8:13pm
 
Sir lastnail wrote on Jul 1st, 2015 at 8:12pm:
So how come Germany is doing well flogging premium quality cars all around the world including to the chinese ?



because they don't sign FTA's with every tom, dick and China that shows up at their door.
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Re: Manufacturing slump. Our winter of discontent?
Reply #7 - Jul 1st, 2015 at 8:25pm
 
John Smith wrote on Jul 1st, 2015 at 8:13pm:
Sir lastnail wrote on Jul 1st, 2015 at 8:12pm:
So how come Germany is doing well flogging premium quality cars all around the world including to the chinese ?



because they don't sign FTA's with every tom, dick and China that shows up at their door.


What garbage. The slump in Australian manufacturing has been going on for decades well before any free trade deals were signed.

Lets face it. Even after all of the foreign corporations came here to manufacture cars there is still not one spinoff Australia car manufacturer !! Why ? Simply because all of the investment dollars have ended up in property deals Sad

The property hoarding obsession and mentality in this country has ruined manufacturing forever.
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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
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Re: Manufacturing slump. Our winter of discontent?
Reply #8 - Jul 1st, 2015 at 8:26pm
 
Sir lastnail wrote on Jul 1st, 2015 at 8:25pm:
John Smith wrote on Jul 1st, 2015 at 8:13pm:
Sir lastnail wrote on Jul 1st, 2015 at 8:12pm:
So how come Germany is doing well flogging premium quality cars all around the world including to the chinese ?



because they don't sign FTA's with every tom, dick and China that shows up at their door.


What garbage. The slump in Australian manufacturing has been going on for decades well before any free trade deals were signed.

Lets face it. Even after all of the foreign corporations came here to manufacture cars there is still not one spinoff Australia car manufacturer !! Why ? Simply because all of the investment dollars have ended up in property deals Sad

The property hoarding obsession and mentality in this country has ruined manufacturing forever.


What's garbage? What FTAs has Germany got?
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Re: Manufacturing slump. Our winter of discontent?
Reply #9 - Jul 1st, 2015 at 8:50pm
 
Unforgiven wrote on Jul 1st, 2015 at 4:25pm:
John Smith wrote on Jul 1st, 2015 at 3:48pm:
manufacturing in Australia is finished ... all these FTA's have ensured that.


You evidently don't remember the protectionism era in Australia where people would travel outside Australia and come back with duty free goods which were less than half the price of the same goods in Australia.

The current credo of international competitiveness dictates that companies that cannot compete with international competitors should get out of the business.

Tariffs and duties eventually lead to uncompetitive industries that grow fat and lazy on protectionism.

Furthermore fostering manufacturing and mineral exports and agriculture exports would force up the A$ putting more pressure on all export industries and wages. Inflation will rule.


That's brilliant, Rube - so when the same companies that are fat and lazy and forced to live in a high cost environment compared to foreigners on $10.20 a day if lucky are forced to compete on a level laying field that would not feed a mouse here - they must go to the wall?

Brilliant.. just brilliant.  So everyone but the ruling elite are forced to live on $50 a week?

Brilliant.. just brilliant....
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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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Re: Manufacturing slump. Our winter of discontent?
Reply #10 - Jul 1st, 2015 at 9:36pm
 
John Smith wrote on Jul 1st, 2015 at 8:26pm:
Sir lastnail wrote on Jul 1st, 2015 at 8:25pm:
John Smith wrote on Jul 1st, 2015 at 8:13pm:
Sir lastnail wrote on Jul 1st, 2015 at 8:12pm:
So how come Germany is doing well flogging premium quality cars all around the world including to the chinese ?



because they don't sign FTA's with every tom, dick and China that shows up at their door.


What garbage. The slump in Australian manufacturing has been going on for decades well before any free trade deals were signed.

Lets face it. Even after all of the foreign corporations came here to manufacture cars there is still not one spinoff Australia car manufacturer !! Why ? Simply because all of the investment dollars have ended up in property deals Sad

The property hoarding obsession and mentality in this country has ruined manufacturing forever.


What's garbage? What FTAs has Germany got?


30 years ago there were no free trade agreements but manufacturing was on the slide then !! Don't kid yourself. 30 years ago aussies were obsessed with property deals just as they are now. Little wonder when foreign corporations pack up and leave there is no manufacturing left behind. Aussies are too busy doing each other over on property deals Sad
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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
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Re: Manufacturing slump. Our winter of discontent?
Reply #11 - Jul 1st, 2015 at 9:53pm
 
you're an idiot nail ... 30 yrs ago there was no neg. gearing or cap gains tax deductions. Manufacturing was changing, sure, as it has done since the iron age, but it wasn't moving to China
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Re: Manufacturing slump. Our winter of discontent?
Reply #12 - Jul 1st, 2015 at 10:05pm
 
Australia created its own industries as a defence during a small emergency called World War II, when a few wiser heads understood that we had to stand alone, pretty much as Britain did, until the arrival of massive United States forces.

A direct result of that was the seeking of a solid manufacturing base so that Australia would be able, in necessary, to stand alone for a time and even create its own defence mechanisms.

You saw this with the building of the Wirraway reconnaissance aircraft - at one time the ONLY aircraft that actually made it over the Owen Stanleys when much more powerful and vaunted US aircraft did not - and the Boomerang fighter that was made out of the same airframe, shortened and fitted with and impressive armament (same as the Zero), but suffered from the lack of supercharging, and was thus more suited to ground attack than actual fighter action at high altitude.

Many Aboriginal pilots flew Boomerangs... just saying.. our own version of the Tuscagee Airmen.

This lead to such aircraft as the Nomad and so forth, and the CAC Mustangs.

WW II also forced the creation of our own ship-building industries - the same ones that are now vilified at whim by governments of any stamp ONLY because the components the same governments buy for installation are simply not as good as the basic frame into which they are inserted, as with the Collins class submarines.

The government buys foreign s#it that fails, and then blame the workmen when the equipment they are forced to use is below our required standard, and so the government then says the workmanship of the local lads and lasses is no good.

Yet they never say that about our service men and women when they fight the good fight as directed. Would the same armchair critics ever dare?

Now - anyone who thinks that our Defence Forces should go into battle with a numerically superior enemy - which is ALWAYS the case - without adequate, finely honed, totally maintained, totally modern, and fully supported equipment and with total and absolute training and support from their own government ....

.....now leave the room!

Manufacturing slump?

I call it a sell-out of our basic need to defend ourselves against all enemies.
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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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Re: Manufacturing slump. Our winter of discontent?
Reply #13 - Jul 1st, 2015 at 10:10pm
 
Now THAT is the winter of our discontent!!
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Re: Manufacturing slump. Our winter of discontent?
Reply #14 - Jul 2nd, 2015 at 1:10am
 
Grappler Truth Teller Feller wrote on Jul 1st, 2015 at 8:50pm:
Unforgiven wrote on Jul 1st, 2015 at 4:25pm:
John Smith wrote on Jul 1st, 2015 at 3:48pm:
manufacturing in Australia is finished ... all these FTA's have ensured that.


You evidently don't remember the protectionism era in Australia where people would travel outside Australia and come back with duty free goods which were less than half the price of the same goods in Australia.

The current credo of international competitiveness dictates that companies that cannot compete with international competitors should get out of the business.

Tariffs and duties eventually lead to uncompetitive industries that grow fat and lazy on protectionism.

Furthermore fostering manufacturing and mineral exports and agriculture exports would force up the A$ putting more pressure on all export industries and wages. Inflation will rule.


That's brilliant, Rube - so when the same companies that are fat and lazy and forced to live in a high cost environment compared to foreigners on $10.20 a day if lucky are forced to compete on a level laying field that would not feed a mouse here - they must go to the wall?

Brilliant.. just brilliant.  So everyone but the ruling elite are forced to live on $50 a week?

Brilliant.. just brilliant....


You have a protectionist mentality.

I don't believe any Australian could live on $50/week; or $500 a week if they were forced to buy only Australian products.

If all imported competition was removed from Australian goods the minimum cost of living would probably rise to $1000 a week and overseas holidays would be cheaper for Australians than any local holiday location because displacing imports with Australian goods would force the A$ to rise strongly.

Australians would find ways to buy cheaper foreign goods on line. It's human nature to seek the lowest price for purchases.
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