{"id":8887,"date":"2013-12-21T14:58:40","date_gmt":"2013-12-21T19:58:40","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=8887"},"modified":"2013-12-21T14:58:40","modified_gmt":"2013-12-21T19:58:40","slug":"productivity-commission-report-says-australian-car-makers-cant-compete-on-labour-costs","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2013\/12\/21\/productivity-commission-report-says-australian-car-makers-cant-compete-on-labour-costs\/","title":{"rendered":"Productivity Commission report says Australian car makers can’t compete on labour costs"},"content":{"rendered":"
\n

An increasing amount of the world’s cars are now built in countries such as Brazil, China, India, Mexico and Thailand, while countries such as Australia, the US, the UK and Belgium have shed workers since 2008.<\/p>\n

The [Productivity Commission] report finds labour costs in Australia “relatively high”, although not substantially different to Germany or Japan. “But [they] are four times or more those of China, Thailand and other developing countries where motor vehicle production is expanding,” it found.<\/p>\n<\/blockquote>\n

Read more at Productivity Commission report says Australian car makers can't compete on labour costs<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

An increasing amount of the world’s cars are now built in countries such as Brazil, China, India, Mexico and Thailand, while countries such as Australia, the US, the UK and Belgium have shed workers since 2008. The [Productivity Commission] report finds labour costs in Australia “relatively high”, although not substantially different to Germany or Japan. … <\/p>\n

Continue reading “Productivity Commission report says Australian car makers can’t compete on labour costs”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,5],"tags":[302,2048,2204],"class_list":["post-8887","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-economy","tag-auto-makers","tag-labor-costs","tag-manufacturing-2"],"yoast_head":"\nProductivity Commission report says Australian car makers can't compete on labour costs - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Productivity Commission report says Australian car makers can't compete on labour costs - the patient investor\" \/>\n<meta property=\"og:description\" content=\"An increasing amount of the world’s cars are now built in countries such as Brazil, China, India, Mexico and Thailand, while countries such as Australia, the US, the UK and Belgium have shed workers since 2008. 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The first graph compares average hourly labor costs for auto-manufacturers in different countries. Australia is second-highest (behind Germany), in terms of labor cost per hour, and roughly\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13726,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/12\/21\/why-australian-manufacturing-is-dying-2\/","url_meta":{"origin":8887,"position":1},"title":"Why Australian manufacturing is dying","author":"ColinTwiggs","date":"December 21, 2013","format":false,"excerpt":"The following graphs from the Productivity Commission Preliminary Report on Australia\u2019s Automotive Manufacturing Industry give an insight into the problems facing Australian manufacturers. The first graph compares average hourly labor costs for auto-manufacturers in different countries. Australia is second-highest (behind Germany), in terms of labor cost per hour, and roughly\u2026","rel":"","context":"In "Market Insights"","block_context":{"text":"Market Insights","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/market-insights\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26334,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/06\/16\/productivity-not-population-key-to-aussie-living-standards-macrobusiness\/","url_meta":{"origin":8887,"position":2},"title":"Productivity not population key to Aussie living standards | Macrobusiness","author":"Colin Twiggs","date":"June 16, 2021","format":false,"excerpt":"From Leith van Onselen at Macrobusiness: Former ALP minister Craig Emerson has penned an article in The AFR calling on the Morrison Government to tackle Australia\u2019s declining productivity growth, which is central to boosting the nation\u2019s living standards: \u201cProductivity growth has contributed 95 per cent of the improvement in Australians\u2019\u2026","rel":"","context":"In "Aussie dollar"","block_context":{"text":"Aussie dollar","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/aussie-dollar\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8909,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/12\/26\/australian-made-sbs-insight\/","url_meta":{"origin":8887,"position":3},"title":"Australian Made | SBS Insight","author":"ColinTwiggs","date":"December 26, 2013","format":false,"excerpt":"This discussion on SBS Insight from April 24th, 2012 covers the Australian manufacturing dilemna: There are three major costs in manufacturing: material costs, labor costs and other operating expenses. Roughly equal in size. Material costs are roughly the same, whether you are in Australia or China. Labor costs are radically\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"SBS Insight","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/australian-made.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/australian-made.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/australian-made.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":8845,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/12\/10\/australian-disease-will-be-one-for-the-text-books-macrobusiness-com-au\/","url_meta":{"origin":8887,"position":4},"title":"Australian disease will be one for the text books | Macrobusiness.com.au","author":"ColinTwiggs","date":"December 10, 2013","format":false,"excerpt":"From Houses & Holes at 9:01am on December 10, 2013: While the nation continues to debate whether we should let this business go or bail out that business, the real issue continues to be ignored. Indeed it is so far off the radar that cheap shot commentators like Michael Pascoe\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"dfbsbd","src":"https:\/\/i0.wp.com\/www.macrobusiness.com.au\/wp-content\/uploads\/2013\/12\/dfbsbd-300x217.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6471,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/14\/labor-productivity-can-be-misleading\/","url_meta":{"origin":8887,"position":5},"title":"Labor productivity can be misleading","author":"Colin Twiggs","date":"December 14, 2012","format":false,"excerpt":"We are frequently bombarded with labor productivity statistics such as output per hour worked and unit labor costs -- normally accompanied by political hand-wringing exhorting us to improve productivity -- but how accurate are these statistics and what do they mean? First let's look at GDP per capita. 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