Quote:
Originally Posted by hackney
Yes,but...the population was a lot smaller,there was nowhere near the auto makers(& sheer competition there is now.)You really only had the “big three” in the game.Toyota @ the time was still building it’s “empire”.The Button plan really was the beginning of the end for the big three.
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Not quite just the big 3. The setup allowed many more local manufacturers and assemblers: Renault, Nissan, British Leyland including the Land Rovers and Mini, Chrysler, Mitsubishi, Holden, Ford, Toyota - off the top of my head.
This in turn paid good wages to many working people who could easily buy much cheaper housing (housing was not financialised so much).
The Button plan was actually the beginning of the end of all 8+, and good working wages for auto manufacture to boot. Astounding it was done by an ALP government.