The World Is Flat | Thomas L. Friedman... read it.
Globalization, yes with a Z is here and disintegration is very unlikely.
Within a generation Australia will have more Asians than Caucasians, and within 2 Caucasians will be a minority.
The only thing that would make Australia uncompetitive, is uncompetitive imagination and management.
adolf, PM delivering PHP apps?
There's very little chance of real wage increases, unless you get in first in nascent industry and you're in high demand.
Bioinformatics, Nanotech, AI for autonomous systems (drones), Flux pinning, 3D printing (I'm looking at the Mojo)...
Web Sites? 10 years from now it's all going to be cloud based with 1/2 dozen big players (AWS @ #1), with 0 demand for bespoke development... migrating people on to the cloud is in demand now.
Large scale virtualization (yes with a Z) is in demand too, HP, IBM, Fijitsu, Amazon are building some really amazing data centers here (yes centers not centres)... massive multitenant on demand virtual processing farms with pricing by processing cycles, memory, I/O ops and storage.
In my last job all my colleagues were foreign, Chinese, Japanese and Indian. I haven't worked with Australians for quite a while. I've gotten used to no after work beers, lunch time slurping/open mouth eating, little to no creative thinking...
I don't think there's anything wrong in perceived racism, any time you have a preference for anything it's a form of racism, and humans being social mammals have a built-in desire to associate with humans of similar characteristics.
So adolf welcome to today.
And for those bitching about people buying OS... WTF do you think Australian retailers are doing?
Even your small players buy in bulk from Alibaba mark it up by 50-100% and sell it to you with GST, so they can claim theirs back... they can wake up and smell the farking coffee too.
That business model is going to be like printed books... and when 3D printers get in the act...
If it's made in Australia, I buy it in Australia... even when Australian wine is cheaper in farking Tesco's.
And don't give me no BS about high wages/currency can't compete... Spain's Inditex
en.wikipedia.org/wiki/Inditex largest textile company and a lot is made in Spain.
Australia's Cochlear
en.wikipedia.org/wiki/Cochlear_Limited, #1 in hearing aids.
Infact most top companies are in high wage/currency countries... JUST look at Japan... OK I know their economy has moved sideways for the past 20 years, but their still in the game with the highest costs in the world.
Bottom line: Companies with good business models do well, those without, bitch, ask for subsidies, help or want you to feel sorry for them.