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    Thread: Australia's manufacturing decline


    1. #1

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      Australia's manufacturing decline

      http://www.theage.com.au/business/ma...104-19f25.html

      To be fair this is something that has affected many Western economies over the last few decades. Australian manufacturing used to contribute something in the region of 26% of GDP 30 years ago and now that figure is down to around 7% with more and more manufacturing being taken offshore to cheap labour countries like China,Korea and Thailand.

    2. Moneycorp - Commercial foreign exchange since 1979
    3. #2

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      That's a huge decline

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      It's an enormous drop but the biggest decline has been in the last few years. High wages and union demands have decimated the manufacturing sector and made it totally uncompetitive.

    5. #4

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      One wonders where it will all end............ However, it's all meant to end 21 December 2012 so what the heck
      Aldo likes this.

    6. #5

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      Well either the Carbon Tax will kill the last bit off or yes it will all end next year LOL

    7. #6

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      Anyhoos you enjoying your Easter break Ophidian?

    8. #7

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      Yes thanks I am, we didn't go away just stayed home and enjoyed having the kids having fun.
      How about you ?