In 25 years time Australia will resemble Poland 15 years ago.
Ok, as I said time will tell. You make your decisions based on that and i'll make my decisions based on Australia's population being a little larger and a little more productive and producing a lot of goods and services over that time.
The way things are going everything is being produced offshore and services being outsourced there too.
Local skeleton jobs for serving cofee and stacking shelves at minimum wage just under full time hours so no benefit entitlements are given.
Population increase with basic skilled migrants who are more productive at bottom price for bottom quality, see all the mass produced matchbox suburbs produced not even 10 years ago falling apart due to cheap materials and low build quality.
This looks more like the new local generation being enslaved by debt to our new lords from up north.
real capitalism worksCapitalism works.
Deary me. There's so much doom and gloom in this thread. If you think Australia is screwed then you should see the rest of the world.
What do I see? An open, educated, prosperous country that after 200 years of being relatively isolated is now geographically placed for where the new centre of the world economy will be. I'd rather be doing anything in Australia today than 20-25 years ago when it was just emerging from being a closed shop.
You hit the nail on the head there, Macca.
Mum, Dad and 4 kids in a 2 bedroom 12 square, weatherboard house. Suplimenting the food shop with, rabbit meat, not that I dislike rabbit, it just became monotonous.
Then on the weekend you all pile into the old Valiant, burn the back of your legs on the plastic upholstery and down with the windows, heaters were an option on the cars then, a/c only the rich had cars with a/c.
Ah the good old days, life was simpler, goals were much easier to set.
There wasn't any talk about buying a house, just being able to afford a reasonable car was an achievement.
Talk of buying a house came after the kids, when you had a job that the bank deemed secure enough to give you a loan, that was as long as you had 25% deposit.
So what businesses have you started ? How many people do you employ ? What product do you create ? And to which countries do you export ?
Isn't the doom and gloom scenario a variation of confirmation bias to at least some extent? ie our world view is influenced by our personal circumstances and vice versa?Deary me. There's so much doom and gloom in this thread. If you think Australia is screwed then you should see the rest of the world.
What do I see? An open, educated, prosperous country that after 200 years of being relatively isolated is now geographically placed for where the new centre of the world economy will be. I'd rather be doing anything in Australia today than 20-25 years ago when it was just emerging from being a closed shop.
I started one business, it employed 3 people, it was involved in remanufacturing equipment that otherwise had to be imported, didn't export much, except one customer relocated to the Middle East and would still place the occasional order.
I have since sold the business and retired, and now i own shares in companies that export billions of dollars and employ thousands.
Isn't the doom and gloom scenario a variation of confirmation bias to at least some extent? ie our world view is influenced by our personal circumstances and vice versa?
So it's more comfortable for someone who has a negative outlook, and a reluctance to observe and act on opportunities, to attribute their circumstances to a difficult environment rather than consider adjusting their own outlook and attitude.
A similar phenomenon occurs when people constantly move, only staying in one place for months or just a few years. They attribute their dissatisfaction to their environment and find various aspects of that environment to justify their unhappiness. Moving to a better place, they say, will fix their lives. It doesn't, so they move on again.
Great but so do you genuinely believe you could follow the same path today?I started one business, it employed 3 people, it was involved in remanufacturing equipment that otherwise had to be imported, didn't export much, except one customer relocated to the Middle East and would still place the occasional order.
I have since sold the business and retired, and now i own shares in companies that export billions of dollars and employ thousands.
not depriving others of a place to live by using government to restrict the supply of housing.
.
Great but so do you genuinely believe you could follow the same path today?
How the hell could you be competitive in any industry against imports with the current AUD rate and the cost of living here?;
!
Yes, i only sold the business recently, and the business is still operating profitably under the ownership of one of my old staff, i am not a baby boomer, I am Gen Y, I am 32, I spent half my working life since i was 18 in the military and the other half in business, and have been a student of finance and investment since i was 14, and am now comfortably retired (though i prefer to call myself an investor rather than retired).
A low aussie dollar would give the business a tail wind, however quality products, good marketing, good customer service and attention to detail are far more important, its not all about price, a lot of the time its just being there when your customer needs you, offering after sales support that they wouldn't expect, i couldn't count the number of times i was at a customers site at 8.30 at night or 7.30 am on a Saturday to fit a part urgently and only made $40 gross for a couple of hours but when the next refit needed doing and the $2000 job was on the line, they generally remember me and thats what counts, not some faceless guy in china quoting $10 less, with a 7 day lag.
Isn't the doom and gloom scenario a variation of confirmation bias to at least some extent? ie our world view is influenced by our personal circumstances and vice versa?
So it's more comfortable for someone who has a negative outlook, and a reluctance to observe and act on opportunities, to attribute their circumstances to a difficult environment rather than consider adjusting their own outlook and attitude.
A similar phenomenon occurs when people constantly move, only staying in one place for months or just a few years. They attribute their dissatisfaction to their environment and find various aspects of that environment to justify their unhappiness. Moving to a better place, they say, will fix their lives. It doesn't, so they move on again.
That exactly the same story Tysonboss1 used to have, yet you denied posting under that username in the usernames thread.... one lie leads to another and yet another
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