well it goes beyond just manufacturingany exporter is hurting...

well it goes beyond just manufacturing

any exporter is hurting with the high dollar

tourism too

economic theory is yeah you just close uncompetitive businesses and capital and jobs are reallocated but in practice that transition could be very ugly and painful: people losing their livelihoods, business owners going bankrupt etc

and there is no guarantee the resource boom will continue indefinitely

what I am saying is the RBA needs to be mindful of such things before it just lets the dollar keep appreciating...there are real life consequences