{"id":8890,"date":"2013-12-21T22:41:15","date_gmt":"2013-12-22T03:41:15","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=8890"},"modified":"2013-12-21T22:41:15","modified_gmt":"2013-12-22T03:41:15","slug":"why-australian-manufacturing-is-dying","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2013\/12\/21\/why-australian-manufacturing-is-dying\/","title":{"rendered":"Why Australian manufacturing is dying"},"content":{"rendered":"

The following graphs from the Productivity Commission Preliminary Report on Australia\u2019s Automotive
\nManufacturing Industry<\/a> give an insight into the problems facing Australian manufacturers.<\/p>\n

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 7 times as high as China and India — ignoring local ABS figures for which there are no comparatives.<\/p>\n

\"Hourly<\/p>\n

The second graph shows how the rising Australian Dollar has impacted on local auto-manufacturing.<\/p>\n

\"Australian<\/p>\n

The local market is not big enough to sustain a competitive auto-manufacturing industry, but that argument does not seem to have hindered five of the top seven global manufacturers — Volkswagen, Hyundai, Toyota, Nissan and Honda — whose local markets are of a similar scale to our own. The difference is that they have adopted a global outlook rather than focusing on their own domestic market as Australia has done.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 7 times as high as … <\/p>\n

Continue reading “Why Australian manufacturing is dying”<\/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":[303,2047,2779,3460],"class_list":["post-8890","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-economy","tag-auto-manufacturing","tag-labor-cost-per-hour","tag-production","tag-trade-weighted-exchange-rate"],"yoast_head":"\nWhy Australian manufacturing is dying - 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=\"Why Australian manufacturing is dying - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The following graphs from the Productivity Commission Preliminary Report on Australia\u2019s Automotive Manufacturing Industry give an insight into the problems facing Australian manufacturers. 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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 "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":8909,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/12\/26\/australian-made-sbs-insight\/","url_meta":{"origin":8890,"position":1},"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":8887,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/12\/21\/productivity-commission-report-says-australian-car-makers-cant-compete-on-labour-costs\/","url_meta":{"origin":8890,"position":2},"title":"Productivity Commission report says Australian car makers can’t compete on labour costs","author":"ColinTwiggs","date":"December 21, 2013","format":false,"excerpt":"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\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":52883,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/05\/16\/made-in-australia\/","url_meta":{"origin":8890,"position":3},"title":"Made in Australia","author":"Colin Twiggs","date":"May 16, 2024","format":false,"excerpt":"The Australian labor market remains tight, even with unemployment rising to 4.1% in April. The trend (light blue) is at 4.0% -- still well below its pre-pandemic low of 5.0%. The economy is growing, with aggregate hours worked rising to 1,962m in April. The trend (light blue) still points upward.\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":"Unemployment","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-05-15-aus-u3.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-05-15-aus-u3.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-05-15-aus-u3.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":7796,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/24\/australia-ford-is-the-tip-of-the-crisis\/","url_meta":{"origin":8890,"position":4},"title":"Australia: Ford is the tip of the crisis","author":"ColinTwiggs","date":"May 24, 2013","format":false,"excerpt":"By Houses and Holes -- cross-posted from Macrobusiness.com.au It\u2019s fascinating to watch the exit of Ford shake up commentary alliances and ideology. The loon pond that dominates Australian business media is out in force with soothing words that Australian car manufacturing needs to be let go gently into that good\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":"Productivity","src":"https:\/\/i0.wp.com\/www.macrobusiness.com.au\/wp-content\/uploads\/2013\/05\/Capture67-300x124.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":8890,"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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