Bob Baur , chief global economist from Principal Global Investors , said Australia 's domestic labour market needs reform . He claimed Australians needed to take a pay cut and the past 25 years . Dr. Baur said the dollar was too high and the labour market restrictive . The Australian Council of Trade Unions has labelled the claims ludicrous . The industry body said Mr Abbott was to blame for driving jobs offshore .
Bob Baur , chief global economist from Principal Global Investors , said Australia 's domestic labour market needs reform . He claimed Australians needed to take a pay cut and less holidays . Dr. Baur said the dollar was too high and the labour market restrictive . The Australian Council of Trade Unions has labelled the claims ludicrous . The industry body said Mr Abbott was to blame for driving jobs offshore .