World's richest woman wants her workers to take a pay cut

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Originally posted by kpo:
Australian mining magnate Gina Rinehart: says African workers willing to work for $2 a day should be an inspiration.

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Actually, what she said was African workers willing to work for $2 a day make her worry for her country's future.

Her thrust was that Australia competes for labor on the global stage and needs to keep the competition in mind.

It is true that such statistics need to be considered when deciding public policy.

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Bull.

If anyone should take a paycut to restore competitiveness, it's her.

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Here are some extra quotes

‘The evidence is unarguable, Australia is indeed becoming too expensive and too uncompetitive to do export-oriented business,’ she said.

‘Furthermore, Africans want to work, and its workers are willing to work for less than $2 per day. Such statistics make me worry for this country's future.’

Read more: http://www.dailymail.co.uk/news/article-2198868/Gina-Rinehart-Worlds-r
ichest-woman-calls-Australian-workers-paid-2-day.html#ixzz25emlY05C

Well, let's all compete with children eating garbage off the streets. THAT will make things hum!

Yes, CTS, I'm making fun of you. You seem to think that JUST BECAUSE some business wants to make a certain level of profit, the 99% of us have a duty to accommodate them. It never seems to sink in with you that people managed to stay alive before there was business, and will stay alive after business as a concept disappears from the language. They need us, but we don't need them.

Eff 'em.

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Originally posted by Storymark:
Sounds like a good little Randroid.

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Objectivism is a plague, and the only reliable cure is a guillotene.

-F

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Quote:

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Originally posted by kpo:
Australian mining magnate Gina Rinehart: says African workers willing to work for $2 a day should be an inspiration.

http://www.bbc.co.uk/news/business-19487985

An argument for unions, if ever I saw one...

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She's a bloody menace. This is from the woman who fights legal battles with her own children over their inheritance left by her father.

Yes, we often get the argument that our wages are too high. Usually the people who make this argument have enough money to buy a third world country, so I don't take too much notice of what is said.

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If only she would leave us and take out US citizenship, like Rupert the Bear. You can 'ave all our 'orrible empire builders.

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Quote:

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Originally posted by 1kiki:
You seem to think that JUST BECAUSE some business wants to make a certain level of profit, the 99% of us have a duty to accommodate them.

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No, I don't seem to think that at all.

I am saying her quotations have been mischaracterized to serve some ideological agenda. I happen to agree with said ideological agenda, but I won't lie about what people say to achieve my agenda.

I am saying that any public policy that simply ignores labor competitiveness on the global level will not thrive. Public policy must give companies some incentive for paying higher wages to local workers and not outsourcing the labor. Simply demonizing them as "selfish" isn't going to work.

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