That is because Australians (myself included) feel this unhealthy sense of entitlement and we ask for more and more money to enrich ourselves. This drives up the cost of labour, and makes it difficult for companies to make a profit driving everything offshore. It is cheaper to get beading done in India using labour, than to use a machine here in Australia with a machine operator for fashion. I know this from my fiancee who works in the fashion industry and she tells me often how ridiculously cheap labour is overseas. This is the single biggest detriment to our economy, and we are our own worst enemy.
AKP Price at posting:
$23.30 Sentiment: Hold Disclosure: Held