️<unk>️<unk>️<unk>️  ️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️ Bob Baur, chief global economist at Principal Global Investors, argued that Australia's domestic labour market needs to change if the country's economy is going to prosper in the wake of the recent mining boom. Bob Baur, chief global economist at Principal Global Investors, argued that Australia's domestic labour market needs to change if the country's economy is going to prosper in the wake of the recent mining boom. Dr. Baur claimed that it is too hard to conduct business in Australia as the dollar is still too high and the labour market is too restrictive. Dr. Baur claimed that it is too hard to conduct business in Australia as the dollar is still too high and the labour market is too restrictive. Bob Baur, Chief Economist at Principal Global Investors, argued that Australia's labour market needs reform. ️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️ You've got tons of wonderful natural resources here but don't export the resources - export them as a car, or a computer or a television set, or furniture,<unk> he told Yahoo.<unk> He told Yahoo.<unk> 'You've got tons of wonderful natural resources here but don't export the resources - export them as a car, or a computer or a television set, or furniture,' he told Yahoo. ️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️ Dr Baur said Australia needed to follow the footsteps of the US, where manufacturing was thriving again after having lost six million jobs through the past 25 years to the cheaper labour markets of China and India. Dr Baur said Australia needed to follow the footsteps of the US, where manufacturing was thriving again after having lost six million jobs through the past 25 years to the cheaper labour markets of China and India. <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> Dr Baur said wages in Australia were too high, making the country less competitive in comparison to the US. Dr. Baur's claims were condemned by the Australian Council of Trade Unions.<unk> Dr. Baur's claims were condemned by the Australian Council of Trade Unions. ️<unk>️<unk>️<unk>️<unk>️ Dr. Baur's claims were condemned by the Australian Council of Trade Unions, which labelled the suggestions as ludicrous.<unk> Dr. Baur's claims were condemned by the Australian Council of Trade Unions, which labelled the suggestions as ludicrous. It is outrageous to suggest that Australian workers should take a pay cut,<unk> said ACTU secretary Dave Oliver.<unk> It is outrageous to suggest that Australian workers should take a pay cut,<unk> said ACTU secretary Dave Oliver. ️<unk>️<unk>️<unk>
Bob Baur, Chief Global Economist from Principal Global Investors, said Australia's domestic labour market needs reform. <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> The industry body said Mr Abbott was to blame for driving jobs offshore.