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Some facts not mentioned by the news article: 1. Australian federal and state government spent billions to save the car industry. AUD$2.7 billion tax payer's h
by dis-sys 9y ago
Some facts not mentioned by the news article:
1. Australian federal and state government spent billions to save the car industry. AUD$2.7 billion tax payer's hard earned $ was spent between 2001-2013.
2. Unions asked for huge pay rises every single year. For example, in 2011, they forced car manufacturers to provide 18.3% pay rise in 3 years, that is 6% a year non-stop for 3 years.
3. Car makers were forced to continue to provide pay rises when they were weighting the decision whether to shut down their production in Australia.
Take a look at the following The Australian article, you'd probably feel happy that you don't have such unions screwing local economy in your country.
http://www.theaustralian.com.au/national-affairs/pay-rises-at-stressed-holden/news-story/d3cb0cba03b227ef28ce35ac0bbcfae0 http://www.theaustralian.com.au/national-affairs/pay-rises-a...
Australian is an unique country, a ticket inspector makes $100k AUD a year ($80K USD) from his/her unskilled job. With such background in mind, it is not hard to imagine how much you need to pay those workers to build cars.