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Shame Australian's see little to no benefit, all of the profits are off shored and there are little royalties paid back to the Australian people.
by hyperionplays 4y ago
Shame Australian's see little to no benefit, all of the profits are off shored and there are little royalties paid back to the Australian people.
- gizajob 4y agoBut all Australians are free to go and earn $200,000pa working in the mines in WA...
- llamaLord 4y agoExcept nobody actually works in those mines, there’ they’re effectively entirely automated. There were jobs around in the 2010’s during a mining “construction” boom, but once the mines were built 90% of the jobs went too.
- ehnto 4y agoEven the trains have been automated, which I assume has been historically difficult only because of unions and safety regulations. A bit easier to pull off in the remote outback I suspect.
- doorman2 4y agoIt's not like they're giving the lithium away for free?
- asdff 4y agoAfter you account for the environmental costs, they are probably paying people to remove it from their country
- deleted 4y ago[deleted]
- doorman2 4y agoIsn't that true of almost everything humans do? When I get a tank of gas, I'm basically paying to have a bigger problem in the future. I do so because it solves a problem I have in the present.
- Gatsky 4y agoIs that you, Clive? This doesn’t seem very plausible to me. You are proposing that there could have been an alternate universe where, for example, instead of sending iron ire to China for steel production, Australia could have become the steel producer. This has many assumptions - firstly, that China would buy Australian steel as opposed to finding another ore producer and doing what they do now anyway. You also assume that this would be a good business in Australia. Quite possibly, the economics don’t play out due to energy/labour costs.
- EdwardDiego 4y agoYou're far more correct in that China would far rather buy the iron ore and coal from Australia and make steel in China. Why? Social stability, and the security of the party. Even if it's less efficient to import the ore and coal, the steelworks keeps people employed, particularly young men who might otherwise grow restive.
- mrkeen 4y agoI don't get it. Are you disagreeing with the parent comment, or taking it as a forgone conclusion with no plausible alternative?
- Gatsky 4y agoDisagreeing.