The $200,000-a-Year Mine Worker; exploring the country's unease with the thought that conspicuous consumption by undereducated people is what is helping to keep the country afloat
online.wsj.com/article/SB10001424052970204621...Posted Nov 17, 2011, 4:02 AM UTC
Would conspicuous consumption by educated people make you more comfortable? wsj.com caters to that market.
Yes. If only they'd let the poor mining companies bring in a flood of foreign workers, and not be subject to labour laws, that money could be going to their owners and executives, rather than scum like this.
This guy's flagrant purchase of a pretty cheap car and a fucking pet dog are making a mockery of capitalism. I mean, after buying their mansions, private jets, and luxury yachts, how is a CEO supposed to even buy new ferraris for their kids to replace the ones they crashed?
If they are willing to pay the plebs 200 a year. WTF are the execs getting?
Not being australian i'm not fussed who drives the coutnry.
but on a side not i hadn't realised the wsj had headed down that path on its readership. i was reading the comments on the article it is a pretty depressing cross section of soceity. I had always thought of it as a US version of the FT
The mining industry only accounts for 9% of Australia's GDP.
It's actually about a third less than that at <6%. Mining and agriculture contribute about 10%.
As I said on another topic earlier, the mining biz has the entire Australian populace that the mining industry is all that's keeping our economy afloat. The reality, however, is that we're driven predominately by the service sector and small business, not overpriced rocks in the ground.
It has more to do with the balance of trade, and this is important. We aren't living in one of the best countries in the world because of our ingenuity or work ethic. We are stupid and lazy.
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Hence why I think this article is full of shit.