Author Topic: Typhoon death toll in 1 city could reach 10,000  (Read 3010 times)


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Re: Typhoon death toll in 1 city could reach 10,000
« Reply #70 on: December 13, 2014, 05:55:20 PM »
Even 1 million Our Father won't help unless we do something to change the circumstances we're in. :)
Posted: 9/12/2014 5:00:00 AM by Mining Oil and Gas Jobs
Filed under: Construction, Job-seekers, Mining, Oil-and-gas, Career-resources

In a recent controversial statement, Mitsui's chief of Australian operations, Yasushi Takahashi said the “inconvenient truth” of Australian mining is that wages are too high. Speaking to the Sydney Morning Herald, he said that it is a “good thing we are seeing high wages in the most liveable country in the world... If that's sustainable that's fine. But one concern is, is it really sustainable?”

The average annual wage for someone working in Australian mining is $138,000, more than double the US average. This has been a point of pride for the industry, but while the commodity sector is engaged in an enormous efficiency drive, thanks largely to a slump in global commodity prices, many bosses such as Takahashi are seeing such high labour costs as prohibitive. Roughly 25% of the cost of running a mine in Australia is comprised of labour, compared to 15% on average worldwide.

His concerns were preceded by a 2014 report by PwC that found Australia's high wages weren't matched by productivity: “Mining equipment in Australia runs at lower annual outputs than most of its global peers”, attributing the shortfall almost entirely to labour.

Of course, this begs the question – would productivity increase if wages were cut? Further, as recognised elsewhere, while some in the industry are seeking work overseas – unable to find employment in their speciality; exploration work in particular is not as available as it was as Australian mining has transitioned from opening new mines to operating those mines – high wages are arguably what brings people back down under.

It's also important to note that even in the wider economic context, mining remains the largest contributor to Australian economic growth, making it essential for us to attract and retain the best people we can. And if that means keeping wages high, that means keeping wages high.

Whatever side you come down on, salaries in Australian mining are higher than elsewhere. That's an issue that won't be going anywhere soon.
Australian mining salaries are the highest in the world. See what you could earn here

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become a world class miner.
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« Last Edit: December 13, 2014, 07:59:31 PM by juan »
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Re: Typhoon death toll in 1 city could reach 10,000
« Reply #71 on: July 23, 2015, 03:53:58 PM »
I think our life is a journey, and we make mistakes, and it's how we learn from those mistakes and rebound from those mistakes that sets us on the path that we're meant to be on.

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Re: Typhoon death toll in 1 city could reach 10,000
« Reply #71 on: July 23, 2015, 03:53:58 PM »