pk.sax
RIP bum
- Joined
- 19/8/10
- Messages
- 4,362
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What might work perhaps, is to devalue the dollar to a sensible level reflecting the real value of our economy, not the potential value of buried mineral deposits. That might encourage investors to value Australian industry as viable and the returns on investment might start matching those of more progressive economies. Of course, this should've been prepared for by skilling up the population more diversely than construction and mining as it stands atm. This might mean the government investing into tafe, unis and more intermediate training colleges encouraging young people to take up industrial work. Where I work, the place can't find enough interest in potential apprentices because it pays ****, people can make that flipping burgers or selling groceries. If we weren't so overvalued and everything priced up against mining money, maybe we can be affordable and even competitive.
PS: before mant strips one off me, I'm not an economist, engineering analyst.
PS: before mant strips one off me, I'm not an economist, engineering analyst.