Mr. Speaker, I believe the government had indicated earlier that one of the factors in the shipbuilding industry is high labour cost.
The hon. member across the way mentioned earlier the low cost of Korean labour. Could he comment on whether it is really a multiple factor on labour where we have higher income taxes, a lower productivity level or a varying productivity level that would be a factor?
The factor here of wages does not necessarily come into this discussion at all. After all, we are also competing on the world market in shipbuilding with England and Germany whose wage levels are relatively high. Could the hon. member comment on the taxation portion and productivity portion, and whether it is the actual root wage itself?