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The world’s richest woman, Australian billionaire Gina Rinehart, is again making the news, this time by suggesting that workers in Australia should be willing to work for $2 per day in order to compete with workers in poor countries:
We must be realistic, not just promote class warfare. Indeed, if we competed at the Olympic games as sluggishly as we compete economically, there would be an outcry.
The evidence is unarguable that Australia is indeed becoming too expensive and too uncompetitive to do export- orientated business. Africans want to work. Its workers are willing to work for less than $2 per day. Such statistics make me worry for this country’s future.