Funny how political grandstanding blurs reality.
Like the propaganda released by the union movement, claiming Abbott & Hockey to have scored a "trifecta" with Ford, Holden & Toyota pulling out.
But the simple fact is Ford had already pulled the plug during the Rudd/Gillard term, well before Abbott got in - some 3-4 months in fact.
But don't let facts ruin the political blame rant.....
Wages is a problem yes, but not the whole problem. Lack of export opportunities - or disguised plans to fail (eg the Territory to Asia), or lack of support from corporate HQ (think G8 & Chev SS opportunities that weren't maximised, or the export opportunity FPV missed out on with the Miami when Ford US contracted Roush instead).
But getting back to wages, think back to the 80s. A typical factory worker was living in a 3 bedroom house in the outlying suburbs, from week to week, driving a 10 year old 2nd hand car, and the annual holiday was a trip to the coast or the Qld theme parks. Fast-forward 20 years and these "highly skilled" factory workers are mortgaging McMansions to the hilt, financing new cars, and flying to Bali every 12 months. Their salary exceeding that of an average school teacher, that just 20 years prior, would have earnt 50% more than a factory worker.
That's just one cost that has gone well above the growth rate of everything else. Add in the raft of taxes & charges (carbon tax, environmental levies, OH&S costs etc) and it starts to become very costly to do business here.
I challenge those who think the unions & wages are not to blame, to go check out the wage rates in Kentucky, where Toyota build the Camry to quality levels equal to, or exceeding Australia. Here's one link to help, but there's a number of government sites with the data as well:
https://www.payscale.com...te=Kentucky/Hourly_Rate
Now compare that to what Toyota workers in Australia were being paid - one source noted $28/hour minimum - and you can see why Toyota will quite happily pull out of Australia, and build the export LHD cars in Kentucky (or any of their other handful of Camry plants).