“It is a bit rich for former BHP Billiton chairman Don Argus to talk about declining productivity growth when an analysis of the figures actually reveals that productivity in the non-mining sectors is growing quite rapidly. The irony is that it is the rapid decline in productivity in the mining industry that is driving down the national figures,” Richard Denniss, The Australian Institute.”
Today The Australian Institute launched its report on the Public perceptions of the size and significance of the mining industry to the Australian economy which are radically different to the facts.
Download the report: Mining the truth: The rhetoric and reality of the commodities boom
In summary, Australians believe that the mining sector:
- Employs nine times more workers than it actually does
- Accounts for three times as much economic activity as it actually does
- Is 30 per cent more Australian-owned than it actually is.