Julia
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It is not what she said. You are perpetuating the error, undoubtedly for your own narrow political purposes.
Exactly.
Gina Rinehart: "spend less time drinking or smoking and socialising"
- Thread starter Tyler Durden
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just cruising thru ......
moXJO, great graph, poss to know the names of all the countries on that ?
oh, cupla tweets you might find interesting:
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What relevance has Africans working for $2 a day got to do with Australia?
The cost of living in Africa must be a hell of a lot cheaper than Australia?
It costs two bucks if you withdraw money from the wrong ATM.
Rinehart talks about class warfare, well she should not promote it.
The cost of living in Africa must be a hell of a lot cheaper than Australia?
It costs two bucks if you withdraw money from the wrong ATM.
Rinehart talks about class warfare, well she should not promote it.
Julia
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I'm sure the question must be rhetorical. I can't believe you don't understand that Australian miners are competing for customers with miners in e.g. Africa where their costs are much lower so quite obviously they can offer the final product at a cheaper price. This is Ms Rinehart's point, fergawdsake!
Yep and yet they couldn't come up with a measly billion and slugged us with a flood levy. And also can't get the budget into the black?
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I can see it's time for English 101: quote marks are used when you report a person's exact words. When you are summarising or using your own words to report the person's view, you do not use quote matks. There is no point in bleating about a "misquote" when the article in question does not in fact contain any quote at. Not only no point, no sense.
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Ahem .....
Joules, you'll find the original, together with a great deal of other useful information, here: http://www.aph.gov.au/About_Parliam...ary_Library/pubs/BriefingBook43p/nationaldebt
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You are missing the point Julia, Gina Rinehart's mines are in Australia, NOT AFRICA.
If Gina Rinehart wants to pay workers at her mines $2 a day, then she had better move her iron ore deposits to Africa.
Julia
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Macquack, I don't believe you are actually as stupid as you are suggesting here.
It is a question of international competitiveness when competing for international customers.
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The fact Rineharts mining tenements are in Australia and not in Africa is her dilema not Australian workers.
If it was a level playing field, we would never be able to compete against a country paying $2 a day wages.
If anything, the fact Rineharts iron ore is competitive on the world market belies the truth that the various levels of government in Australia are not getting enough revenue by way of royalties and taxes.
Rinehart wants to pay peanuts for royalties, peanuts for labour and would also like to pay no taxes as well.
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Mining is a capital-intensive industry. As a determinant of production costs, wages are a fairly minor factor for most mining operations. The key factors are quality of the resource (Australia good, Africa good), political stability and safety (Australia excellent, Africa poor to very poor), soverign risk (Australia nil, Africa substantial), availability of skilled labour (Australia excellent, Africa poor), transport infrastructure (Australia good, Africa variable). Taxes and wage levels come after all those other factors. Wage levels in particular are a minor factor - In Australia, although mining accounts for 30% of corporate profits, it accounts for a piddly 3% of employment. Yep: 3%. Even on sky-high mining wages, 3% isn't going to hurt much.
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some people have bad hair days.....mines a pair of faux pas, so far........
Tannin, thanks .......take care of that cough
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Not quite.
When you use quotes, you must quote the exact words used. When you use So and So said, but don't put what was said in quotes because it is too long or doesn't need to be quoted, then you must summarise or convey in a manner that reflects accurately what So and So actually said. Rinehart was drawing attention to the competitive situation in Africa (and the Gulf of Mexico), indicating what Australia must compete against. She did not say that Australian workers ought to be paid the same as African workers. BBC World tried to convey that that is what she said, by misleadingly implying she used words to the effect that "Australia should look to Africa, where they pay people on average $2 a day". "Look to" in the context they used implies "follow as an example", and that meaning in particular is emphasised when they prefixed it with (in relation to Gina Rinehart) "who's said to earn around $2 million an hour".
Personally I do not hold Gina Rinehart in much regard. But I do expect my news sources to act professionally and report facts, not what might make good newsbytes.
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^ Bahhh - what did you expect? The whole world reported Rinehart's gaffe in much the same sort of language as was quoted above. It was a great story, just the sort of thing newspapers have always loved since the days when they were printed on stone tablets, and quite rare in its way - most ruthless, greedy billionaires keep a low profile and have smart PR people who advise them to make any public statements as inoffensive as possible. An own-goal as prominent as this one is always going to get a lot of air time. Honestly, as a news editor, how could you resist it?
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Julia
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+1. Let's hope Tannin doesn't aspire to a position of media editorship.
IFocus
You are arguing with a Galah
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Gina generally stated facts only problem is the context and complete lack of detail surrounding the facts.
So much so it made Gina IMHO look hypercritical and really foolish as the world news services jump on it.
She wont hire a PR person because she wont be told what to do.
So much so it made Gina IMHO look hypercritical and really foolish as the world news services jump on it.
She wont hire a PR person because she wont be told what to do.
Is it a bad thing that we can see the person without the spin
prawn_86
Mod: Call me Dendrobranchiata
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It is for her
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I think that you are arguing just for the sake of it...
How many mine-sites have you been to?
Have you been to Perth?
Iron Ore was ~21% of TOTAL exports
Coal was ~15% of TOTAL exports
Lets zoom in on WA.
How big is the mining industry?
One of the easiest and most relevant ways to look at the size of an industry is by employment. The Mining industry in WA employed 68,800 people in 2009/10. Another 15,000 or so were employed in the manufacturing of base metals, coal and petroleum – ie. refineries. Together, this represents just 7.2% of all Western Australia’s employment (5.9% for mining, and 1.3% for mining-associated manufacturing). This doesn’t seem like a lot, for it to be considered the powerhouse of the economy. Look at the change over time though, and you see that mining employment has increased by 144% in just 10 years (since 2000), at a time when total employment in WA increased by 34%. So it certainly has been booming.
Looking at Full-Time Equivalent employment boosts mining quite a bit – up to 7.3% of total employment and another 2.0% for mining-associated manufacturing – they work longer hours in these industries. Still, this means that over 90% of all hours worked in the West are NOT in the mining industry.
What does mining contribute to the economy?
The other key method of looking at the size of an industry is its “value-add” – ie. what is the output of the industry worth to the economy when you remove the costs of its inputs. When you look at this, it shows how mining gets its reputation as the powerhouse of the economy.
In value-added terms, the mining industry is worth a whopping $56.9 billion in 2009/10, or 34.2% of WA’s total value-add. Mining-associated manufacturing makes up another $2.3 billion or 1.2%.
This disparity between employment and value-add is the highest of any industry. The chart below shows this very clearly. Retail trade employs more workers (even on an FTE basis) in WA than mining, but has a value-add only about one-tenth as as large.
And another...
http://www.dmp.wa.gov.au/documents/000194.jemma.williams.pdf
