So, Pacific Brands, makers of Bonds, are sacking their workers and moving their clothing manufacturing to China.
So, is Chesty Bond out of a job? Poor Chesty belongs to another era, and will face a tough challenge re-skilling and finding work in today's economy (note: is "reskilling" a proper word?)
It's sad. All the PM can do is wring his hands as yet another company takes its manufacturing offshore. Of course, they work for less in China. Everyone knows that. But is it a good thing to lose your entire manufacturing base? Because we lose jobs and tax revenue along with it. Maybe it's time for a bit of good old-fashioned protectionism.
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