“The government is not interested in protectionism”
Nor should it be. Protectionism is what drove QF into being a monolithic sheltered workshop hobbled by high labor costs and outdated work practices to begin with. Please, not more of the same!
“As a total % of running an aircraft to LAX and back to Sydney the cost of labour is less than 3 %”
No, you will find it is more than 3%, much more. But more importantly it is one of the few costs that can be controlled by the airline.
“Australia has become a safe haven for investors and this in turn has pushed the $A up and made our workforce appear expensive”
No, by nearly every measure, the Australian workforce IS expensive.
“A civil society does not only know how to be more productive but also knows how to justly share the wealth with the working people who produce the wealth.”
Can you provide an example of such a utopian state?
“The main reasons why there is still not one major budget long haul airline yet are….”
There are plenty of budget long haul airlines.
“simply it will make little difference if you try to save on the cost of labor”
No, in the airline game, sometimes it is the ONLY difference you can make.