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GM cost Australia to stay. Australia is is better off overall without GM.
by simonblack 6y ago
GM cost Australia to stay. Australia is is better off overall without GM.
- rasz 6y agoAustralia is not a singular entity. Are Australians who lost jobs better off now? Reductio ad absurdum Australia would flourish with no people in it whatsoever, just automated resource extraction operations by Rio Tinto strip mining whole continent to the benefit of few stock holders.
- simonblack 6y agoBack in the 80s or 90s, one of the Labor Industrial politicians concluded that it would be cheaper to give every GM and Ford worker a million dollars payoff than to continue to heavily subsidise both Ford and GM car manufacturing in Australia. And then to remove all tariffs on imported cars from overseas, giving better, cheaper cars for Australians. This has finally been done. As for those Australian workers who lost jobs to overseas manufacturing, it's pretty much the same as all those workers in other developed countries whose jobs have been outsourced.