Another side to the Super tax on Mining
The ‘Supertax’ debate is an interesting one and as expected, both parties are heavily invested in their own outcomes. One thing the Mining Companies understand is that the tax will lower the size of their profits in boom times for the resources sector – they’ll still be raking in billions, its just that some of the cream will be removed. And one thing most mining companies anticipate for the near term future, is a return back to the really big BOOM times. That’s why they are fighting this idea so hard because if they thought things were going to turn poorly, they’d be urging the Government to act because they’d want the benefits of paying less tax in the not so good times (which they’re saying little about at the minute). The Government also seems to be fighting this idea with limited perspective –
threats of job losses by the Mining Industry is NOT the doom for the Australian economy they’d like us to believe – in fact it could well be the opposite. As we’ve already seen when the mining industry quickly shed its part time workforce in the thousands at the first hint of a possible global recession, what other industry sectors gained was raft of workers suddenly available to pick up the delays in projects. When the Mining sector dumped its part time workforce all of those construction workers, bricklayers, plumbers, truckdrivers and a whole heap of ‘real’ workforce labour became available elsewhere. People who’d been waiting for months to get a new pergola or garage built, new factory completed or repairs to the manufacturing machinery finally had the workers available to do so, as those skilled labour personnel were forced by the Mining sector workforce shedding, to return to their previous areas of skill.
And this is where the Government seems to be missing the point. Delaying Mining projects will turn out to be a very good thing elsewhere in the Australian economy. The influx of available carpenters and bricklayers will see a more competitive environment for construction and renovations. More truck drivers will speed the delivery of goods and services and so on lowering the pressure on wages in those sectors as more skilled personnel return. Quite simply, any delay by the Mining sector in starting projects will be welcomed by other industries who really could do with a boost in the number of skilled workers. Rather than worry or buy into the Miners Mythology, other industry sectors should be shouting loudly: ‘bring it on!’
Are we there yet? Have people finally cottoned on to the idea that maybe, things aren’t going so well for the planet and our place in it? Storms, up; floods, up; fires, up; droughts, up; people being displaced by climate events, up. The signals are all around us. And yet, as a species we struggle…
Read More >One of the most challenges aspects for owners of businesses, and also for Boards charged with running businesses, is how to allow for the impact of a decision to unfold over time. Many listed company Boards will be delaying with a CEO on a limited tenure. The Board will have set expectations for performance and…
Read More >Local Governments in Australia face an emerging risk space that many seem unaware of. Brought on by rising costs, especially in business premises rentals, compliance needs and registration costs, research we’ve identified as part of work with a Local Government client is indicating a significant increase in businesses popping up in residential areas. What seems…
Read More >It’s been a rather hectic few months here at Looking Up Feeling Good in between getting a complete site rebuild, multiple interstate travel commitments and assisting an assortment of clients trying to deal with one rather interesting challenge – what to do when we’re supposed to be done and dusted with a pandemic, yet we…
Read More >Interesting emerging dynamic about to land on the shop fronts of Australian retailers that pose serious risks to their staff. And few retailers are ready With moderate level of vaccinations targets achieved, the NSW Government has decided to open up from a #Covid19 lockdown. It does so, relying on compliance enforcement to be undertaken by…
Read More >There’s a lot not to like about the latest spike in Victoria’s #Covid19 numbers. And the most culpable are mainstream media companies who created the social response The latest spike in #Covid19 infections can be directly attributed to Channel 7, Channel 9 and the ABC with lesser blame attributed to Channel 10 and SBS. In…
Read More >For those of you that follow me on other platforms, you’ll have seen, heard or read some of my thoughts on the lab grown proteins from firms like #ImpossibleFoods or #BeyondMeat. I’m a fan of those lab grown protein concepts arriving at that position whilst undertaking a Master of Science in 2004 in which…
Read More >Trying to understand something you’ve never experienced before can be a real challenge. In this post the #Covid19 #pandemic is explained using cars and traveling Your body is your car – it’s your mode of transport in this life. We want to treat it well and insure it and ideally we want to be able…
Read More >There’s a significant disconnect with a number of articles on ‘Hybrid Workplaces’ and it’s really disappointing to see SO MANY large consultants pump out articles that ignore reality. So this is a short take to offer an additional perspective. 1) Hybrid workplaces have existed for centuries, they are not new, though the sudden interest is…
Read More >Hi everyone – though a focus on particular those of you in Victoria, Australia who have an idea related to sports, active living or recreation that they might like to convert into a business. Sportstech & Active Living Pre-Accelerator program is being run by the Australian Sport Technologies Network (ASTN) and the Global Sports…
Read More >