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Australia's coming jobs boom; A boom in in a sector which is one of our largest employers is going to create a lot of jobs.
Topic Started: 5 Aug 2014, 09:54 AM (8,993 Views)
lulldapull
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Peter, in the interests of saving this nation, if this gubment doesn't act fast, we're really teetering on the brink of a jobs disaster!

Also, there's no way in hell this liberal gubment would be reelected again! Not with its stellar job loss and austerity credentials.

They're already talking about Shorten coming in early and throwing these Abbott boys out!
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peter fraser
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lulldapull
5 Aug 2014, 11:55 PM
Peter, in the interests of saving this nation, if this gubment doesn't act fast, we're really teetering on the brink of a jobs disaster!

Also, there's no way in hell this liberal gubment would be reelected again! Not with its stellar job loss and austerity credentials.

They're already talking about Shorten coming in early and throwing these Abbott boys out!
Our government, regardless of who is in power, is just something that we have to put up with. We can just hope they minimise their damage.

We will be fine in spite of them, not because of them
Any expressed market opinion is my own and is not to be taken as financial advice
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newjez
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o2sd
5 Aug 2014, 11:09 PM
This claim is often made, but never elucidated with details.

Can you name one manufactured good that will become relatively cheaper (to it's imported competition) when the exchange rate falls?
Furniture.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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John Frum
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Oh dear - looks like Mr Carr might need to return to the back of his envelope and do a quick rethink:

http://m.smh.com.au/business/mining-and-resources/mining-gloom-deepens-with-no-bottom-in-sight-20140805-100m7r.html

Ouch! Doom and gloom well and truly in control now.
newjez
6 Aug 2014, 06:06 AM
Furniture.
Just the high end stuff? Or Ikea flat packs as well?
Edited by John Frum, 6 Aug 2014, 06:35 AM.
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness.
"Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
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newjez
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John Frum
6 Aug 2014, 06:32 AM
Oh dear - looks like Mr Carr might need to return to the back of his envelope and do a quick rethink:

http://m.smh.com.au/business/mining-and-resources/mining-gloom-deepens-with-no-bottom-in-sight-20140805-100m7r.html

Ouch! Doom and gloom well and truly in control now.

Just the high end stuff? Or Ikea flat packs as well?
Any, but depends on whether they import the wood.
newjez
6 Aug 2014, 06:40 AM
Any, but depends on whether they import the wood.
Although to be honest, Australia doesn't make much,
http://en.m.wikipedia.org/wiki/Manufacturing_in_Australia#Currently_Australian-made_products
Edited by newjez, 6 Aug 2014, 06:45 AM.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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John Frum
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newjez
6 Aug 2014, 06:40 AM
Any, but depends on whether they import the wood.
So you think any type of furniture with locally sourced wood will be cheaper to manufacture here?

I remember watching a segment on the Business recently about an aussie startup selling high quality, made-to-order flat packed furniture online, manufactured locally. It had a super schmick website to allow you to build a fully 3d rendered model of your custom design. This, as well as value-add 3d printing manufacturing, are the type of businesses we should be building to 'rebalance', not manufacturing overpriced, heavily subsidised family cars.

Funny, this reminds me of when I got my first introduction to global economics as a kid. My dad told me the toothpick he was using was made in China but contained Australian wood. I remember struggling with that concept for a while.
newjez
6 Aug 2014, 06:40 AM
That wiki page looks a bit out of date.

Electrolux closed down their Orange fridge manufacturing plant a while ago.
Edited by John Frum, 6 Aug 2014, 07:26 AM.
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness.
"Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
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peter fraser
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John Frum
6 Aug 2014, 07:08 AM
So you think any type of furniture with locally sourced wood will be cheaper to manufacture here?

I remember watching a segment on the Business recently about an aussie startup selling high quality, made-to-order flat packed furniture online, manufactured locally. It had a super schmick website to allow you to build a fully 3d rendered model of your custom design. This, as well as value-add 3d printing manufacturing, are the type of businesses we should be building to 'rebalance', not manufacturing overpriced, heavily subsidised family cars.

Funny, this reminds me of when I got my first introduction to global economics as a kid. My dad told me the toothpick he was using was made in China but contained Australian wood. I remember struggling with that concept for a while.

That wiki page looks a bit out of date.

Electrolux closed down their Orange fridge manufacturing plant a while ago.
Anything that we still manufacture will become more competitive and the imported equivalent will become less competitive. Exactly what level the dollar needs to fall to before our goods are cheaper will depend on many factors, but as our goods become more competitive we will sell more and import less.

I think the industries that will get an immediate boost are those like tourism and education where the falling dollar will have an immediate effect. Other industries like film production will take longer to revive, car production may never make a comeback. It will differ from industry to industry.

Any expressed market opinion is my own and is not to be taken as financial advice
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newjez
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John Frum
6 Aug 2014, 07:08 AM
So you think any type of furniture with locally sourced wood will be cheaper to manufacture here?

I remember watching a segment on the Business recently about an aussie startup selling high quality, made-to-order flat packed furniture online, manufactured locally. It had a super schmick website to allow you to build a fully 3d rendered model of your custom design. This, as well as value-add 3d printing manufacturing, are the type of businesses we should be building to 'rebalance', not manufacturing overpriced, heavily subsidised family cars.

Funny, this reminds me of when I got my first introduction to global economics as a kid. My dad told me the toothpick he was using was made in China but contained Australian wood. I remember struggling with that concept for a while.

That wiki page looks a bit out of date.

Electrolux closed down their Orange fridge manufacturing plant a while ago.
No, I didn't say that. I said a falling dollar will make it more competitive.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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peter fraser
6 Aug 2014, 07:47 AM
Anything that we still manufacture will become more competitive and the imported equivalent will become less competitive. Exactly what level the dollar needs to fall to before our goods are cheaper will depend on many factors, but as our goods become more competitive we will sell more and import less.

I think the industries that will get an immediate boost are those like tourism and education where the falling dollar will have an immediate effect. Other industries like film production will take longer to revive, car production may never make a comeback. It will differ from industry to industry.
The fact is, we will NEVER compete with cheap Asian labour no matter how far our dollar falls.

Maybe you guys can work it out.

Chinese wages 80 cents an hour, aussie minimum wage $17 an hour.

Can anybody tell me how far our dollar needs to drop before our wages can compete will the chinese ?
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goldbug
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There might be a boom in landlords taking over the maintenence of their properties in the years to come. But that will like the Internet shopping boom and will actually detract from the economies overall wealth as the taxpaying tradies are displaced.

Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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