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Nostradamus he ain’t : Comments
By Matt Meir, published 13/4/2007John Howard's rhetoric that the 'greatest gift of a strong economy is a job', no matter how poor the conditions, is Dickensian.
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Many talk about all living standards on this planet rising,however that is not possible with too many people and diminishing resources/energy.Do we slow the rate of tarrif removal or even increase tarrifs in some areas in order keep industry and jobs.
It will be long time before China's low wage rate of $1 per hr rises significantly because of the enormous pool of cheap labor at hand.
We do not have a well balanced economy and when things do get tough again,we will have no means of supporting our extravgant Govt bureaucracies,social security or health systems.
Our Labor NSW Govt has done everything in it's power to destroy small business and still to this day lives in denial about it's stupid policies.The Iemma/Carr Govts have developed policies driven by fear of litigation and Union insanity.Why would business stay in NSW?
Our resources boom will prove to be our future poisoned chalice since real reform of Govt/PS,IR and business won't have kept pace with our competitors.