Miners, charity and corporate tax

[David]

^ get your head out of textbooks and in to the real world

The countries with highest GDP per capita do so through two means - mining or tax incentives.

Ireland, Luxembourg, Switzerland, Singapore
Norway, Australia, Qatar, Iceland

The exception is the USA.

Now do median. Guessing a few of those (Qatar, Singapore) have a slightly different spread of wealth...

[What'sinaname]

^ By median, we will have 4 that rely on mining, 2 low tax and 2 other developed economies.

Lux
UAE
Norway
Switzerland
USA
Canada
Australia
Sweden

[Skids]

I can tell you a very big issue for mining companies here in WA is water.
Dewatering at some of these huge Iron Ore mines is causing major issues and many of them are on the verge, if not already, of exceeding their license arrangements.

I'm on a site now where our bore water is saltier than sea water and has a massive iron and manganese content. We're just in the process of commissioning a $5 million dollar plant to deal.wuth the issue.

I envisage massive desal plants on the coast piping potable water hundreds of kilometres to supply these mines.

[pietillidie]

[Skids]

What does it say for our training...

Currently mining directly employs 189,000 in almost 400 mines around the country.
In 2012 194,000 were employed, with a population 3 million less than today.

[David]

^ That just suggests to me that the transition is underway.

[pietillidie]

^A transition from a pitiful few to a pitiful fewer. It's a joke how people dumbly gobble up the propaganda. Just how could Australian workers survive without mining?!!

Share of employment March 2019 to March 2020 (Pre-pandemic)


https://www.aph.gov.au/About_Parliament ... oyIndustry

This next one's even 'better', if that's the right word for something this disturbing:

https://australiainstitute.medium.com/e ... a67baac540

In other words, mining is a labour black hole that pisses a ridiculous amount of capital against the wall for a pultry handful of jobs. Even worse, a mis-located, fluctuating pultry handful of jobs. How TF did you lot get so conned into handing over all that legislation and all that infrastructure and all that clean environment to such a job killer that dilutes labour returns to capital? The data supports my assumptions to a frightening extent.

As I say, when you're doing better than shitehole economies, you can lose track of how much you're underperforming vis-a-vis your natural upper bound, especially when brainwashed with nonsense.

Edit: Found a PNG of the second chart.

[Skids]

[stui magpie]

Good points Skids, Ptiddy, I don't understand your arguments and you seem to be contradicting yourself. You claim that Mining pillages intellect and suffocates other jobs, yet it's a relatively small employer despite it's importance to the economy.

You could put Agriculture and fishing in the same basket based on your graph, that is also a relatively low employer but vital. We grow our own food and get to export the rest, bringing valuable dollars to the economy.

Countries should play to their strengths. The UK is a shitty cold rock off the coast of Europe smaller than the state of Victoria with nothing going for it, It's a net importer of food and energy because it can't produce enough for itself, whereas we can and export the surplus. Australia is rich in natural resources that the world needs, you'd need to be clinically insane not to take advantage of that.

Having a nation of knowledge workers might work in a small country with no natural resources, but someone has to produce essential minerals and food.

[What'sinaname]

^ apparently all those employed in social assistance will eliminate the deficit.

[pietillidie]

[stui magpie]

Nah dude, with respect, you've been gone from Aus too long

[pietillidie]

^Nice try, but pretty silly given the arguments and data are all basic knowledge. Like Skids, Whatsinaname and many otherwise ntelligent people who keep getting things wrong, you're far smarter than this, but keep reacting against people who annoy you, stubbornly digging in for eternity rather than adapting to new information.

[stui magpie]

Nice try yourself, but you're a knowledge worker and that's your bias. So was I but I acknowledge that we need blue collar workers as the foundation.

[pietillidie]

^Huh? It's clearly the complete, absolute 100% opposite! As per the chart above, mining is rubbish at creating jobs, including non-knowledge jobs. Even worse, there's a shortage of workers in stable, long-term, sustainable non-knowledge work including the trades, construction, healthcare, agriculture and high-tech manufacturing. Mining is plainly a job destroyer for non-knowledge workers because its capital-employment ratio is pathetic.

Even worse, it's a misallocator because jobs it provides are unstable, subject to booms and busts, and remotely located.

And it's not the 00s; all good jobs involve technology. The entire decade has been defined by the merging of software and hardware, whether in healthcare, agriculture, construction or manufacturing.

Anyhow, forget it. I like you guys too much to keep going on about it.