Man of Honour
- Joined
- 1 Aug 2004
- Posts
- 12,681
- Location
- Tyneside
Perhaps she can lead the way and give a sizeable amount to the less fortunate. I somehow doubt she will.
Gina Rinehart calls for Australian wage cut
- Thread starter elmarko
- Start date
Soldato
- Joined
- 11 Mar 2012
- Posts
- 2,978
- Location
- Canberra
That's my contingency plan. Just have to start saving
Soldato
- Joined
- 4 Aug 2008
- Posts
- 4,936
- Location
- Manchester.
Stupid scag
Unlike some of the mega rich she seems somewhat adverse to philanthropy so you are probably right there.
She does kind of have a point, but completely misses it.
It is very difficult for companies in UK/AUS/America/"Western World" to remain competitive when there are people in the less developed who are able to be employed for a tenth of what it costs to employ someone domestically.
This is wrong kind of. Wages should be proportional to cost of living, but being so horrendously low in elsewhere is terrible.
It is very difficult for companies in UK/AUS/America/"Western World" to remain competitive when there are people in the less developed who are able to be employed for a tenth of what it costs to employ someone domestically.
This is wrong kind of. Wages should be proportional to cost of living, but being so horrendously low in elsewhere is terrible.
Rinehart is a joke. The average Australia doesn't give a toss about what she thinks, and we can afford to take this attitude because she has no political clout.
You got screwed bad. I'm on $70 per month with no cap at all. Totally unlimited.
You got screwed bad. I'm on $70 per month with no cap at all. Totally unlimited.
Associate
- Joined
- 24 Jan 2010
- Posts
- 2,141
She looks like a deep-fried Kathy Bates.
My experience of mining in Australia
1. It's unbelievably safe, the mining companies take health and safety very seriously and it influences all their decisions
2. The wages aren't as high as first perceived, when you work on a site you'll be doing 12 hour days for your shift pattern typically it works out that you work the equivalent of 60hour weeks. So hourly rate isn't that different from a 40hr/week city job.
3. The iron ore mining industry is under some stress at the moment due to the drop in ore prices. The big mining companies are making efficiencies to keep costs down, Rio Tinto for example have driverless trucks, all remotely controlled by someone sat a 1000 miles away.
4. Cost of living is generally ok, but WA is the most expensive state on most accounts.
1. It's unbelievably safe, the mining companies take health and safety very seriously and it influences all their decisions
2. The wages aren't as high as first perceived, when you work on a site you'll be doing 12 hour days for your shift pattern typically it works out that you work the equivalent of 60hour weeks. So hourly rate isn't that different from a 40hr/week city job.
3. The iron ore mining industry is under some stress at the moment due to the drop in ore prices. The big mining companies are making efficiencies to keep costs down, Rio Tinto for example have driverless trucks, all remotely controlled by someone sat a 1000 miles away.
4. Cost of living is generally ok, but WA is the most expensive state on most accounts.
Don't insult Kathy Bates - great actress and reasonable poysonage!
So why, when they suggest a wage cut, do they never suggest cutting their own wages, or those of the senior staff, only the junior ones? Why do the wages of the people who actually do the work have to "compete" with Third World wages to be as low as possible, but the wages of senior managers and execs need to "compete" with the huge wages of their US equivalents to be as high as possible? If she was to halve her own salary, she would still be vastly better off than all or almost all of her employees, but the company would be more competitive because of reduced overheads. But anyone want to suggest the odds of that happening?
Exactly this.
Indeed I do agree. However a lot of the time the super wealthy don't draw that much of a salary. Buffet takes home $150k from Berkshire Hathaway. The extra $bn he earns are from shares and other financial products. I can't comment on Rinehart's salary as I have no idea what it is.
I don't know about salary, but she earned $18.87 billion in 2011. That's a pretty good wicket.