Re: General Discussions
Reply #2524 –
I make and sell tools so this is what I know.
Just to get an "Australian made" sticker takes a vetting process and ain't cheap.
Buying local sounds great in principle but the reality is...if the local hardware store sells a locally made shovel for $70 and Asian made rubbish for $50, people buy the cheaper option everytime. Price wins out every time.
Bunnings has the ultimate business model....sell Asian-made junk at multiple, still cheap price points....makes that rubbish 50 shovel look like a premium product over the $20 one. Both are still cheaper than locally made. Meanwhile local industry continues to be outsourced under free trade agreements.
Price always wins. Simple consumer economics.