Still much more downside for mining wages

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By Leith van Onselen

Fairfax has published an interesting piece today on the ongoing retrenchment of wages across the mining industry, whereby workers are taking large pay cuts to keep mining operations viable:

Coal prices may be recovering, but there are no celebrations in the mining town of Collie, Western Australia, where workers are fighting Indian conglomerate Lanco Infratech over plans to slash their wages almost in half.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.