You don’t get fat off the crumbs from someone else’s table and you don’t get rich by being someone else’s butler. No country ever got rich taking a few menial jobs from its wealthy neighbour. Countries get rich by having a strategy to out-compete others and make best use of their resources.
So, why the Nats are so happy that Australia is sending a few call centre and cigarette jobs here, where wages are lower, I don’t know. We’ll certainly never catch Aussie wages if they’re sending low wage work here to save money.
We’ll be wealthier if we produce more wealth, more stuff of real value.
Not if our competitive advantage is low wages and insecure jobs, the first jobs to go in any recession.
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