Labour costs are high because of the demands of the mining sector and Union activity. The Swiss have the intelligence to lower rates when it impacts their economy. Our high dollar is crucifying so many sectors and you only have to go overseas to see where the Aussies are holidaying. That in turn means buying there as well. THIS IS hurting our economy and some grievance against wages paid to young builders is irrelevant.
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reserve bank lost the plot, page-4
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Iggy Tan, Executive Chairman
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