Quote:
Originally Posted by bojan
Strong AU dollar was (and still is) a disaster for our manufacturing industry.. we should all be very aware of this.
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Unfortunately Bojan, our dollar is going to stay relatively high, long term. But, if it does fall, it won't all be good, as we will be paying a lot higher fuel prices (aren't we paying enough now?) and the subsequent rises for utilities, freight etc. Farmers are already complaining about high fuel prices, so whilst gaining in one area, they face losses in another area.; and fuel is a high input in farming.
I just hope we don't see the lows the dollar has previously been at. As for manufacturing, it is pretty much doomed anyway, as we just cannot compete on wages. Cost of wages appears to be the greatest problem business faces today anyway, and that ain't gonna change any time soon.
Whilst Australia is powering along, not everyone is benefiting. In some sectors that I deal with, it is looking grim. However, it could be worse!
That's life!
Somebody once said, "despite the cost of living, have you noticed how living remains so popular."
Cheers Peter