Australia will continue to loose industry to foreign owners, and be uncompetative, as long as our population assumes holidays are a national sport. Finish school, take a year off and explore the world. Take a sicky here and there. Long service leave. The US only has 2 weeks annual leave.
We cannot expect to be competitive when we all are on holiday. We now import beef into Australia, and physically make very little.
The newest building in most cities in Australia is Centrelink.