If you love the biggest mining companies, don’t look at these numbers

Fairfax points out something the mining industry would rather Australians didn’t realise:

EMPLOYMENT in mining has shot to a record high, but the industry remains a pint-sized generator of jobs.

Detailed employment figures released yesterday show an extra 14,400 mining jobs were created in the six months to May, roughly offsetting the number of mining jobs lost in the previous 12 months.

By contrast the construction industry piled on 40,000 jobs, the transport industry 24,000 jobs, health and aged care another 24,000 and agriculture 22,000.

I trust that News Ltd will not be putting it in such stark terms. There’s a rich person’s campaign still to win!

PS Ironies abound in this fight. The two most obscene? The mining companies complaining about the jobs that they are going to choose to take away (and do, now, regularly), and the Liberal Party complaining about the market uncertainty that they themselves are busy stoking.

4 responses to “If you love the biggest mining companies, don’t look at these numbers

  1. The mining industry only employees 1.5% of the population which I believe is less than any other industry. They try to say they saved us from the GFC when they actually sacked 15% of their workforce during the GFC.

    The tax far from destroying the industry many of the smaller companies will in fact be better off.

    The entire mining industry campaign is basically a bunch of lies from only a few of the biggest miners. It is so bloody frustrating that the media just let them get away with it.

    Possum has written a great article on the profitability of the mining industry if you haven’t already checked it out: http://blogs.crikey.com.au/pollytics/2010/06/15/how-profitable-is-mining/

  2. marisan1956

    So we now have a club of billionaires actively and overtly telling the elected government what to do to benefit themselves.
    Methinks they should not have shown their iron fist so openly.

  3. Jobs, schmobs.

    I’m reminded of the apocryphal story of the American engineer who went to China in the 1970s to help build a dam. When he got there, he found they were using shovels. “Why don’t you use earthmovers and backhoes?”, he asked. “Because we need many jobs for our vast population”, he was told. “Well, if it’s jobs you want, you can increase employment at this dam twentyfold if you take away their shovels and give them spoons!”, he replied.

    “They try to say they saved us from the GFC when they actually sacked 15% of their workforce during the GFC.”

    They’re actually different issues, Chris. What everyone was worried about in 2007/2008 were a) credit crunches, leading to b) bank failures, leading to c) financial market meltdowns, leading to d) repercussions in the ‘real’ economy such as recessions or depressions, which is where unemployment comes in.

    While mining companies’ claims about saving us from recession are overblown (Australia was never a candidate for severe problems in the first place), their employment figures are irrelevant.

  4. Billionaires don’t get to be billionaires by playing fair and being honest…

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