Mining Boom Sees Disadvantaged Aussies Become Prosperous As Adults: Treasury Analysis

Started by Epoch-Times-Bot, Jan 13, 2023, 07:30 PM

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Epoch-Times-Bot

Jan 13, 2023, 07:30 PM
Mining Boom Sees Disadvantaged Aussies Become Prosperous As Adults: Treasury Analysis

Australia's mining resources sector has seen Queenslanders, along with Western Australians, being lifted out of disadvantage, while incomes were higher than their parents when compared to other states.
In an opinion piece published on Jan. 13, Federal Treasurer Jim Chalmers said that the mining boom had made a considerable contribution to the state's economy.
"[It's] helped to drive long-term growth and created thousands of jobs for Queenslanders," Chalmers wrote.
"And while two-thirds of Australians in their early 30s are earning higher incomes than their parents did at the same age, that figure was 80 percent a few generations ago."
According to a new Treasury analysis, the mid-2010s mining boom triggered a sharp uplift in economic mobility in Queensland and Western Australia....

Source: Mining Boom Sees Disadvantaged Aussies Become Prosperous As Adults: Treasury Analysis

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