The commodities boom in Australia is producing strange results: commodities companies are desperately looking for new employees – and are now paying incredibly high salaries. And not just for managers.
Rising production costs are worrying Australian raw materials suppliers. Groups like Rio Tinto and BHP Billiton have to pay ever higher wages for their mine workers. An unskilled worker in Perth, Western Australia, now receives 120,000 Australian dollars in basic wages, the equivalent of a good 95,000 euros, per year. In addition, they receive 31.90 Australian dollars per day as a so-called travel allowance for the 20-minute commute in the company bus. The money is paid even on non-working days. With a number of other allowances, an annual salary of $150,000 is quickly added up.Continue reading