Originally Posted by maggot
.... so when the aus peso returns to its norm, pre mining boom, how does the salary look then? The aud makes us loom expensive and you can't compare things too simply, unless it suits your agenda...
Problem is we have to survive until it resets. Given certain analysts are talking about AUD1 reaching USD1.25 that's a serious world of pain where everything gets destroyed in a capital flight overseas to purchase goods whilst destroying industry in country.
I like cheap overseas goods as much as the next person but unless we can get the Aus$ back down to US70c or so we're in for a very tough near future...