The Forum > General Discussion > So, does this mean wages can fall, I doubt it!
So, does this mean wages can fall, I doubt it!
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Unfortunately its nowhere near as simple as that. Among other issues, the still too high $AU, existing wage structure & inappropriate industries combine to render manufacturing here for the most part unviable. Reducing wages would help, however thats clearly impractical due to the steadily escalating cost of living. Fatcat salaries, particularly those awarded to totally non-productive corporate parasite CEOs are right off the planet, likewise public sector fatcat & political renumeration (what mindless lunatics approved a half million for the red-headed witch & only slightly less for the dying duck & RAbbott ??). Probably worst of all are the exponentially increasing gubmunt charges which vastly exceed cpi. The latter need to be the subject of ratepayer / taxpayer revolt.