We have a ridiculous situation:
-high housing costs
-high utilities' costs
-high car costs
-high petrol cost-high food costs
No wonder we have high cost of labour.
Just have a look at European and US house prices.
They are 50% less than ours.
US Petrol and utilities are 40% cheaper than ours
US car costs are 30% cheaper than here.
US & EU food prices less than ours
And then we have the tyranny of distance to get out export goods to the market.
Our Government ought to be reducing our cost of living
rather than contributing to it.
Successive governments have flogged our Bank, out Telstra and
state Governments have flogged our Electricity and Garbage networks and are
setting us up to flog water and sewerage Medibank Private and the Post Office.
Just look at what has happened to banking charges since the Comm Bank was privatised
and our electricity networks and telephony charges have followed suit. Who in their right mind would believe that
if one inserted "for profit" electricity retailers into the electricity distribution system that prices would go down?
When it comes to high labour costs our Commonwealth and State Governments have been the problem
because they privatised services and utilities which historically have moderated cost of living. We are not
a City State like Singapore where the free market user pays principle works well.
if we want to be globally labour competitive, we have to be globally cost of living competitive
and our Commonwealth Government has the responsibility to ensure that we are.
We were much better off in the 70s & 80s before all this privatisation.
Cheers
Moorookamick
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