You have to love the pretense of Westpac economist Pat Bustamante in The AFR:
The mining industry delivered more than 50% of the increase in living standards over the past two decades, as measured by gross national income per person, according to a new report by Westpac.
But an expected continued decline in commodity prices and stalling investment in mines means the resources industry is unlikely to provide the same dividend for future living standards, Westpac senior economist Pat Bustamante said.
