Gina sends a warning

ANDEV

Gina Rinehart is a stroppy tart, but no one is ever going to die wondering what she thinks:

It seems too easily forgotten that people who know what it is to hire people – even thousands of Australians, also understand better than most what could prevent them from doing so. While I have many investment options in a globalised economy, the place where I most want to create sustainable jobs is Australia.

Yet others are increasingly feeling forced to make a different choice.

West Perth, where my offices are, for instance, is filled with companies investing in low-cost, highly resourced Africa.

Now the evidence is unarguable that Australia is indeed becoming too expensive and too uncompetitive to do export-oriented business ..

Add to that our productivity loss. As Reserve Bank Governor Glenn Stevens put it in mid-June, ‘productivity is the imperative to survive’, especially as a high-wage country competing against low-wage ones.

These challenges are now beyond serious dispute. To point them out is, I hope, no longer a sign of self-interest, but a duty, and a call for action.


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