Crisis, what crisis? Australia’s economy is doing well compared with many in the world, page-38

Old Bull,
As regards the auto market and your argument why Australia can`t manufacture particularly auto manufacturing.

Sweden closer to main markets.
1) assembly line salaries average 360000Kr about $ A53000 . Much lower than Australia.
2) Much technologically advanced compared to primitive Australia
3) Labour productivity higher on international scales than Australia. Ours falling fast in the last year
4) Sweden`s electricity prices much lower than Australia ( about half ) and ours rising much more rapidly.

For the above reasons Australia can`t manufacture particularly under labor with rising regulations, union costs and rapidly increasing energy costs