In the U.S. there are many people willing to work on $9 per hour, which is causing Tasmania to lose its famous apple industry and Australia to import more and more of its fruit and food from lower cost countries. In fact, all over Australia there are warning signs of us killing or restricting our own industries.

Certainly! Here’s an explanation with the keywords bolded:

The quote by Gina Rinehart addresses economic challenges related to labor costs and their impact on local industries. She points out that in the U.S., many workers are willing to work for $9 per hour, which creates competitive pressure. This low wage environment is contributing to Tasmania losing its famous apple industry, as Australia increasingly imports fruit and food from countries with lower costs.

Rinehart warns that this trend is not isolated to Tasmania but is a broader issue affecting industries across Australia. The country faces risks of killing or restricting its own industries due to economic pressures and globalization, which favor cheaper imports over local production. Her statement highlights concerns about the sustainability of domestic agriculture and manufacturing in the face of international competition.

The origin of this quote lies in Rinehart’s role as a prominent Australian businesswoman and mining magnate, who often speaks about economic and industrial policy. Her perspective reflects debates around labor, trade, and the preservation of national industries in an increasingly globalized economy. This quote underscores the complex challenges countries face balancing cost, competitiveness, and local economic health.