Our high dollar threatens living standards

A higher $A will spell danger for our economy as non-commodity exports become more uncompetitive.

In recent days we have seen senior Reserve Bank of Australia spokespeople and some leading Australian economists suggest that our national income, and therefore our standard of living, may be under threat if the dollar does not depreciate.

Their focus has been on the end of the resource capital investment boom and they suggest that gains in exports will not be shared equally across the economy without a dramatic economic transition.


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