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!’
Environmental Scanning (ES) is the process of paying attention to the world in which you operate in order to identify and gain a sense of potential signals of change in how your world is developing. When discussing the idea of ‘change’ we need to be clear – a potential signal of change is likely to…
Read More >When it comes to water management, there’s something of potential value that Victoria could learn from Western Australia’s weather given discussions about new dams If you have almost 60 days straight of above 30 degree days with pretty much no rain, how do you fill the dam? Well you don’t but you’ve put all of…
Read More >The natural disasters we’ve seen recently around the world have shown us much about the communities in which they’ve occurred. The images emerging from Japan, New Zealand and Australia as they’ve faced earthquakes, tsumanis, floods and fires stands on stark contrast to the mainstream media stories that suggests people of the world are not willing…
Read More >Hi everyone – a quick note to let you know that our phones lines have been down for a while now and we are working on getting them fixed. Our apologies for any inconvenience this may have caused you. In the meantime, try using either our 1800 number where you can leave a message only…
Read More >ABC journalist Adam Stephen interviews Marcus Barber on the subject of GM foods and whether they might be more widely embraced as part of the global food requirements The interview (about 3& 1/2 mins) is available in MP3 format here and a link to the shorter web article is here. Some key points –…
Read More >South East Business Networks, the City of Greater Dandenong’s longest running business development program, is an exceptional avenue for learning about issues to do with Manufacturing. This week they provided one ‘out of the box’ with an excellent presentation by Professor Goran Roos, a worldclass expert on Manufacturing and currently South Australia’s Thinker in Residence.…
Read More >Today some friends are burying their father who died last week after his health took a sudden downturn. One of them, Penny got the urgent call to get to hospital. Penny is a conservative driver at the best of times and on this occasion was aiming to get through traffic as best as she could…
Read More >Cyclone Yasi heads towards Queenslands North East coast this morning with significant concerns for residents. There is potentially an added danger based on the way cylones work. Typically a cyclone needs two things – heat and water, which is why they can dissipate quickly once they head inland. However Yasi hits following a couple of…
Read More >As promised, the wash-up to my experience with the toll-road operator Eastlink and what I regard as a pretty poor approach to Customer Service. However as I am treating this is the International Year of Solutions, I’m not complaining without making suggestions for improvement, which I have done You can download the document here…
Read More >The floods are under way throughout the majority of Queensland and now into northern New South Wales and all we can do is hang on and wait to see the impact. Unfortunately it looks like the numbers of people who have lost their lives as a result is set to rise significantly beyond the 12…
Read More >