Be adaptable and skilled

“What we can compete on is being highly flexible, highly adaptable, highly skilled and moving up the value chain, and what we have to do is make sure we’ve got the capacity to do that. Now ultimately that’s not about Government picking winners, it’s about Government making sure that we’ve got the circumstances – particularly the skill level in our people – that enable firms to tap those opportunities.

Now obviously that change is never easy but it really is the only path we have to ensuring we grow our prosperity in the decades ahead. That is to be highly, highly skilled, highly adaptable nation that is able to find our place in the markets that are growing on our doorstep.”

Victoria Takes the Brunt of Job Cuts in Australia

‘Premier Ted Baillieu said Victoria was experiencing a shift from full-time to part-time employment, but expressed concern that much of it might be reflecting under-employment rather than deliberate choices by workers.

Economists warned that there was worse to come, and in a wide range of industries, as the high dollar sends jobs overseas and diminished spending growth contracts jobs at home.

”We expect that over the next few months NSW and Victoria will bear the brunt of the employment correction under way in retail, manufacturing, construction, business services and finance,” said Westpac chief economist Bill Evans. ”As such, we see the labour market weakening further in these states.”’