The Forum > General Discussion > Labor is Living in IR Denial.
Labor is Living in IR Denial.
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Both the major parties believe in the reduction of tarrifs which has given us an abundance of cheap imports,but as commodities have become cheaper more available money has made housing and the cost of Govt very expensive.
We have a balance of payments deficit well over $500 billion or half our GDP even with record sales of our energy and resources.To really address this we have to become more competitive to keep industry here.The Coalition embarked on an ill planned IR and will probably lose the election because of it,however,at least they are being honest in trying to confront a shallow economy that just relies on a big hole in the ground to survive.
The Labor Party are not confronting the real issues.We have these a clear options,we either have IR reform that makes us more competitive or we raise tarrifs and pay more for products that may well be inferior.Some in their party have mooted picking winners in industry and giving them tarrif protection but history does not support this philosophy.
It is about time this debate was aired in the media,then the general public will come to realise the real cost of that Plasma TV,CRV,granite kitchen,or the bathroom with Italian tiles.