Posted to The Age (13/1/2011) on 13/1/2011 at 2:54 PM
Commenting on “Counting eggs before they hatch”
http://theage.domain.com.au/real-estate-news/blogs/domain-investor-centre-blog/counting-eggs-before-they-hatch-20120110-1pt5n.html
Costs of material and labour have soared substantially and new constructions are not good proposition for many, unless they are replacement of properties in prime areas. In the 50’s to 70’s blue collar workers could earn a lot more than white collar workers until Paul Keating decided that Australia needed more people to be academically qualified and the switch from trade oriented training to college and university education. With those pieces of certificates and degrees, the paper-qualified workers’ income began to climb, and less people would turn to the less glorified jobs including those related to construction.
The older tradies are retiring fast, and there are not enough to replace them. Australia is still facing a shortage of tradies, and enrolment in TAFEs is still disappointing. If it is not for the overseas students or new migrants doing these courses, the labour cost will even sky rocket further.
End Part 1 of 4
Commenting on “Counting eggs before they hatch”
http://theage.domain.com.au/real-estate-news/blogs/domain-investor-centre-blog/counting-eggs-before-they-hatch-20120110-1pt5n.html
Costs of material and labour have soared substantially and new constructions are not good proposition for many, unless they are replacement of properties in prime areas. In the 50’s to 70’s blue collar workers could earn a lot more than white collar workers until Paul Keating decided that Australia needed more people to be academically qualified and the switch from trade oriented training to college and university education. With those pieces of certificates and degrees, the paper-qualified workers’ income began to climb, and less people would turn to the less glorified jobs including those related to construction.
The older tradies are retiring fast, and there are not enough to replace them. Australia is still facing a shortage of tradies, and enrolment in TAFEs is still disappointing. If it is not for the overseas students or new migrants doing these courses, the labour cost will even sky rocket further.
End Part 1 of 4
