That's why the GDP of the state of California, for example, is higher than the whole of Australia. A massive portion of our workforce is concentrated in pointless sectors like retail when we can really be doing much better than that.
California has more folk in it than the whole of Aus, so it wouldn't be hard to produce more than us.
They also have an enormous workforce of unskilled and illegal immigrants who - due to their circumstances and the fact that it is a "fire on the spot" State - are way more productive and hard working than most Aussies, and cost less to employ.
They also have the film industry - we don't. That produces billions per year.
They have the orange farming industry,
About a zillion Costcos and Walmarts.
And so forth.
All these industries and several others employ huge volumes of folk at minimum wage of about $6 per hour.
We can only really compete nowadays in industries where the rest of the world doesn't produce that product, because our labour costs and general running costs of business are crippling.
Just yesterday I received my water and council rates for the property I rent to run my business. The council rates have gone up over 100% due to the fire levy, and the water bill has gone up over 300%, as just two examples of cost increases out of the blue.
This will ultimately leave us with retail and/or service industry jobs, public service to a degree, a bit of manufacturing and not much else if it can be done offshore.
Even retail is fast disappearing as people become more fluent at buying online from O/S where things are cheaper in many cases, while shop fronts are copping ever-increasing running costs which can't be passed on to the customer to stay competitive.
It will be a brave Gubbmint which bring in import tarrifs on those purchases to stop the trend and flow of dollars offshore.