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!’
Strategic Futurist Marcus Barber will be kicking off proceedings at the 2008 Regional Produce Summit in Wangaratta on the 20th of October where he’ll detail some of the emerging issues likely to impact upon the tourism and food sector in the foreseeable future and suggest ways that businesses in the sector might be able to…
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Read More >Members of the Futures Foundation and the AFFA will be congregating in Pearl Beach in the coming weeks to consider the state of play in the Australian Futures community. Given the emerging challenges in Australia and around the world, the futures community requires just as much serious contemplation and forethought as does any one …
Read More >One of our many Nordic watchers, Are Thorsteinsson, has posted the Future Matters segment looking at the future of robotics, along with marking up full language captions in Danish. Although a couple of years old now, the early signs listed in this segment are only now coming into more mainstream focus Strategic Futurist Marcus Barber…
Read More >Strategic Futurist Marcus Barber has contributed a chapter to Volume Five of the ‘Death and Anti-Death’ Anthology which has just been published by Ria University. With contributors including Aubrey de Grey and Kevin Kelly and edited by Dr. Charles Tandy, Volume Five in the series is dedicated to the memory of Loren Eiseley, the renowned…
Read More >One of the challenges for one aspect of the world is fuel and the price of fuel used for private transportation. I use the word ‘aspect’ quite deliberately because the ‘aspect of the world’ that seems to be making the most noise about rising fuel prices is by and large the ‘westernised’ world – that’s…
Read More >With the theme ‘Moving Forward, Supply Chains of the Future’, Strategic Futurist Marcus Barber will open the Australian Supply Chain and Logistics Conference in Brisbane in July on behalf of the Supply Chain and Logistics Association of Australia. Details for the conference can be found below. The focus on the future of supply chains…
Read More >When it comes to quality strategic futures work as part of making the pragmatic decisions that shifts beyond theoretical futures work, I encourage my clients to question the assumptions they make about the information they have available to them. Which is why I am recommending the book ‘Gang Leader for a day – a rougue…
Read More >Strategic Futurist Marcus Barber was well and truly forced to justify the existence of his profession when venturing along to Jon Faine’s Conversation Hour last week. Co-hosted by Cath Pope the discussion looked at the role of Futurists, the Australia 2020 Futurists Summit and Jon’s scepticism around the role of futurists.. Along with Janoel Liddy,…
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