Normal
I wouldn't worry to much, there are plenty of industries for your grand children to put their labour and capital into and thats all that really matters, the determining factor on whether they thrive or dive is going to be their own actions and attitudes, not any macro stuff. Iron ore is here to stay, that is for sure, it might grow it might shrink, its price might be higher some times its price might be lower sometimes, but there is also 1000 other industries that will be growing or shrinking at any time too.My advice to younger folks, is simply find work that you enjoy, with people you like, and spend less than you earn, and invest. Do that and you will do well and enjoy life.-----------------------------------On the topic of EV's, they will help Australia by increasing jobs in our local energy industry, rather than sending money offshore to the Middle East etc creating jobs there.
I wouldn't worry to much, there are plenty of industries for your grand children to put their labour and capital into and thats all that really matters, the determining factor on whether they thrive or dive is going to be their own actions and attitudes, not any macro stuff. Iron ore is here to stay, that is for sure, it might grow it might shrink, its price might be higher some times its price might be lower sometimes, but there is also 1000 other industries that will be growing or shrinking at any time too.
My advice to younger folks, is simply find work that you enjoy, with people you like, and spend less than you earn, and invest. Do that and you will do well and enjoy life.
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On the topic of EV's, they will help Australia by increasing jobs in our local energy industry, rather than sending money offshore to the Middle East etc creating jobs there.
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