Breaking news: Perth just been named the most expensive city in Australia and the tenth most expensive in the world. Wow bloody scary and not good news. Mate of mine has taken his manufacturing plant to China where he saves on average $20 an hour per person on his wage bill. Work out the savings when you employ 1800 staff!!! Sadly Aussie becoming less productive in all industries due to uncompetitive wages being paid. Cost of living has to reduce dramatically before inflation bites Aussie properly in the knaarters. In a nutshell productivity on the downward in a big way compounded by a huge reduction in the tourism industry because of high cost of living. The land of milk and honey better catch a wake up before it is too late.
Posted on: Thu, 11 Jul 2013 05:39:04 +0000
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