Yep we have no way to compete with low income countries.
Firstly their wages is very low.
Secondly the amount of inductions and safety related stuff people have to attend to even for an office job, it was literally the entire first week and a yearly update.
Then all the other compliance you have to do. Twice yearly fire drill. Need multiple people on site that's certified for first aid, fire wardens and the whole coordinator.
A whole month of people's working life every year is paid in annual leave and that's not even counting sickies or other personal leave. Overtime rates starting at 1.5.
When someone dies on the job here people get in a lot of shit (and rightly so).
In China people are kept in dormitories and a friend who was born there said that lower educated people who usually takes this job are kept in dormitories so they can spend more time working (less time commuting). Some are known to only get 1 day off a month, which isn't unusual.
Definitely no overtime rates, no sickies or personal leave (don't work don't get paid) no annual leave.
If someone has an accident at work well there's 10 waiting at the door to replace them. Same if they quit. You want more wages? Well bye, there's someone to replace you.
Not saying that's correct but that's the reality. We will never be able to complete because their standards for workers is way lower.
We should focus on high tech industries. Health/education industry we should increase wages for nurses and teachers.
More investment in IT, FinTech etc. Banking, consultancy, etc white collar jobs.
Let the lower income countries do the dangerous jobs and focus on high return safer jobs in Australia.