Bernie Fraser is calling for a half percent cut. http://www.smh.com.au/business/former-rba-boss-calls-for-50point-rate-cut-20120430-1xv4c.html
People are losing their jobs because Australia can't be competitive with such a high dollar, yet you're worried the cost of your new toaster which butters the bread for you?
I pushed the "say thanks" button 12 times. The narrow thinking of those who just want to consume and who don't consider the reason for their high wages in Australia will be the first to cry like babies when they are laid off. It's coming.
Ok apart from exporters what good is a low dollar for the rest of us ,considering we make sweet FA in oz, most of our goods came from overseas petrol gas and desial priced at Singapore pump price .are you going to pay your workers more to cover the cost of living increases , Where do you think interest rates are going to go with a low dollar up up and away . A low dollar worked great in the 80s
Have you considered that perhaps "what good is a low dollar for the rest of us" might be to have an economy at all? If retail and manufacturing collapses then the cascading effect will collapse our economy in it's entirity. You will then be earning China wages if you have a job at all. The ONLY reason that Australia has high wages and work entitlements is because Australian companies have been supported for 60 years by Australian consumers. These companies and businesses then paid said consumers wages that are the envy of the world. Once Australian consumers stop supporting Australian businesses, Australian businesses will stop employing Australian consumers. It's called a depression.
It also means more reasonable prices (homes, food, land, medical, power) to go with the lower pay and far less price-gouging from politicians (you'd hope). Resulting in probably an equal standard of living with probably far less waste and constant consumption and probably far less health problems too (can't afford to live on overpriced convenience foods). I don't see a massive reduction in what people call 'standard of living' should Australia go in the shitter, pay-wise. If the masses simply can't pay, some massive and drastic and much-needed changes will be seen in this (extremely wasteful and junk-food and car-addicted) country. Don't get me wrong, there's a lot to like, but I don't see the (inevitable) decline in pay or entitlements a bad thing at all. But then again I think people need to take care of themselves and their communities more; it's not the job of gov nor do I want it to be MY job to hand over yet more cash to gov to make it so, because that is the most inefficient way of going about things and we all suffer because of it.
If the $AU was at 80US cents, the price of petrol would be in my estimation $1.76 to $1.80 a litre. The cost of food and transport goes up, the workers demand more wages and so the inflation begins.. Read just recently about Australia's dwindling oil production..We will have to import more of this commodity in the years ahead. I hope the $ doesn't drop to 80us cents. Regards Errol 43
How is a high aud bad for retail ,buy s#it dirt cheap os sell here for huge profit .the problem is aust companies stoped supporting manufacturing in aust to buy cheap sh$t os , Jobs have been going os since the 80s . as for wages the cost of living drives higher wages not the other way round .
Back too sckool for you monkeyboy..people are losing jobs because of the high cost of doing bussiness in aust
Have to think the aussie dollar will break one way or the other at some stage. might be a little while yet though.
