Gina Rinehart calls for a small Australian wage cut

Australian mining magnate Gina Rinehart has criticised her country's economic performance and said Africans willing to work for $2 a day should be an inspiration.

Ms Rinehart is said to make nearly A$600 (£393) a second, and her views have been dismissed by Prime Minister Julia Gillard.
siftbotsays...

Self promoting this video and sending it back into the queue for one more try; last queued Thursday, September 6th, 2012 12:01am PDT - promote requested by original submitter ZappaDanMan.

Kofisays...

Now, I accept that this is just anecdotal evidence, however, as an Australian I can confidently say that in my personal dealings I have heard nothing but absolute disgust for this woman. No awe to be found anywhere except awe that she managed to get her father to change his will whilst on his deathbed so that she got everything (rather than his undeniably money grubbing whore of a wife Rose Portius) only for him to die the next day. Way to burn up the final moments of your dad's life. A truly vile human being.

chingalerasays...

Yeah she pretty much came off as a complete piece of shit when she first started making the news in the U.S.-Contemptible pig of a human being, may she die die choking on a sausage in Africa while she's touring her mining concern....

Kofisays...

She is also a poet. I'm not kidding.

Our Future
The globe is sadly groaning with debt, poverty and strife
And billions now are pleading to enjoy a better life
Their hope lies with resources buried deep within the earth
And the enterprise and capital which give each project worth
Is our future threatened with massive debts run up by political hacks
Who dig themselves out by unleashing rampant tax
The end result is sending Australian investment, growth and jobs offshore
This type of direction is harmful to our core
Some envious unthinking people have been conned
To think prosperity is created by waving a magic wand
Through such unfortunate ignorance, too much abuse is hurled
Against miners, workers and related industries who strive to build the world
Develop North Australia, embrace multiculturalism and welcome short term foreign workers to our shores
To benefit from the export of our minerals and ores
The world's poor need our resources: do not leave them to their fate
Our nation needs special economic zones and wiser government, before it is too late

oritteroposays...

She is Executive Chairman of Hancock Prospecting Pty Limited, and is known for being totally ruthless with companies wanting to do business with her.

She could have chosen not to work and still led a fairly comfortable life, but didn't and has become obscenely rich as a result.

I'm pretty sure that Marie Antoinette never actually offered cake, either, but wasn't there to personally verify this (in either case).
>> ^dystopianfuturetoday:

So a woman who has never worked a day in her life or earned a wage is asking others to work harder for less. At least Marie Antoinette offered cake. This beast appears to be made of cake.

dystopianfuturetodaysays...

According to her wikipedia bio, she is a trust funder that inherited her riches from daddy and has never had to engage in any kind of difficult labor in the entirety of her life. >> ^oritteropo:

She is Executive Chairman of Hancock Prospecting Pty Limited, and is known for being totally ruthless with companies wanting to do business with her.
She could have chosen not to work and still led a fairly comfortable life, but didn't and has become obscenely rich as a result.
I'm pretty sure that Marie Antoinette never actually offered cake, either, but wasn't there to personally verify this (in either case).
>> ^dystopianfuturetoday:
So a woman who has never worked a day in her life or earned a wage is asking others to work harder for less. At least Marie Antoinette offered cake. This beast appears to be made of cake.


dagsays...

Comment hidden because you are ignoring dag.(show it anyway)

To be fair - I didn't hear her say that Australians should be paid $2 per day.

And this might sting my Australian mates - but productivity *is* low in Australia. I'm in Canberra - which is probably low productivity HQ for the whole country.

spoco2says...

It's a scary and stupendously stupid mindset. There is the rich, greedy shit way of looking at it:

* I can get impoverished countries to work for me for pittance, making me even more stinking rich. I don't give a fuck if that means I'm paying those workers essentially slave labour costs. They'll do it for that, so I'll use them.

VS the sensible, rational, compassionate way of looking at things:

* You know, I can STILL make obscenely huge profits WHILE paying people a good wage and giving them good working conditions here in Australia. My companies will STILL be worth BILLIONS I will still become more disgustingly wealthy, BUT I will also be providing good lives for thousands of people.


That a person can have zero need for money. ABSOLUTELY ZERO need for any more money, be the RICHEST IN THE WORLD and yet not think "I'm in a position I can mike life better for thousands of people, I could probably afford to give these people raises". But instead think "Why are these fuckers not working harder to make me richer for less money, fuck them all"

Absolutely, utterly, disgusting piece of rubbish she is.

Although that was made very evident during her battles with her children to stop them getting any of her money, she's bred vile creatures, and doesn't want them to get any of 'her' money.

ZappaDanMansays...

>> ^dag:

To be fair - I didn't hear her say that Australians should be paid $2 per day.
And this might sting my Australian mates - but productivity is low in Australia. I'm in Canberra - which is probably low productivity HQ for the whole country. <img class="smiley" src="http://cdn.videosift.com/cdm/emoticon/oops.gif">


@dag yep I'm sorry, I have a real super hate for her, and of course why I skewed the title. I have bias, and sincerely wish no offence to you or anyone pointing that out (sincerely).

I exaggerated the title.

ZDM

P.S. She can go fuck herself

dagsays...

Comment hidden because you are ignoring dag.(show it anyway)

No offence taken - she seems pretty awful.>> ^ZappaDanMan:

>> ^dag:
To be fair - I didn't hear her say that Australians should be paid $2 per day.
And this might sting my Australian mates - but productivity is low in Australia. I'm in Canberra - which is probably low productivity HQ for the whole country. <img class="smiley" src="//cdn.videosift.com/cdm/emoticon/oops.gif">

@dag yep I'm sorry, I have a real super hate for her, and of course why I skewed the title. I have bias, and sincerely wish no offence to you or anyone pointing that out (sincerely).
I exaggerated the title.
ZDM
P.S. She can go fuck herself

kymbossays...

Ok Dag, you got an independent reference for your productivity comment, or is that just based on your observations? Because the only people I see proclaiming that Australian labour has low productivity are people like Rinehart - rich people who would benefit from paying people less. I have seen no good evidence of low Australian labour productivity.>> ^dag:

To be fair - I didn't hear her say that Australians should be paid $2 per day.
And this might sting my Australian mates - but productivity is low in Australia. I'm in Canberra - which is probably low productivity HQ for the whole country.

dagsays...

Comment hidden because you are ignoring dag.(show it anyway)

http://www.pc.gov.au/research/visiting-researcher/productivity-slump
http://www.theaustralian.com.au/national-affairs/treasury/productivity-gap-holding-back-growth-as-survey-ranks-australia-second-last/story-fn59nsif-12
26439881599

http://www.smh.com.au/business/the-economy/australia-needs-productivity-jolt-mckinsey-20120816-249ye.html


>> ^kymbos:

Ok Dag, you got an independent reference for your productivity comment, or is that just based on your observations? Because the only people I see proclaiming that Australian labour has low productivity are people like Rinehart - rich people who would benefit from paying people less. I have seen no good evidence of low Australian labour productivity.>> ^dag:
To be fair - I didn't hear her say that Australians should be paid $2 per day.
And this might sting my Australian mates - but productivity is low in Australia. I'm in Canberra - which is probably low productivity HQ for the whole country.


dagsays...

Comment hidden because you are ignoring dag.(show it anyway)

For me, and this may not be the exact definition of productivity - but productivity is the cost of getting shit done.

Anyone who has been to the dentist, tried to re-roof their house or start a small business would probably agree that it's pretty expensive to get stuff done here.

Which isn't to say that I don't like how things work here. I like big public services and don't begrudge the high taxes. I like that there is a huge middle class here.

But ... And this is the part that's going to get me some flack, there is a certain softness that comes with a 5% unemployment rate. We feel very entitled to the jobs we have - because there is no one else waiting in the wings to do them for us. Employees have a huge leverage stick here in Canberra because there is literally no one else willing or available to fill the roles.

Lastly, I want to make it clear that I'm not defending the awful views of this lady.

kymbossays...

@dag, well I can't doubt your thoroughness. Suffice to say, there is a fertile debate about labour productivity in Australian economics. What you have described anecdotally is a small price to pay for Australia's remarkable economic success - a price any country north of the equator would be happy to pay.

Here are some arguments to the contrary:

http://mattcowgill.wordpress.com/2011/10/18/grace-collier-offensive-and-wrong/

http://mattcowgill.wordpress.com/2012/06/07/productivity-surged-but-were-becoming-a-low-productivity-nation/

dagsays...

Comment hidden because you are ignoring dag.(show it anyway)

You won't get much of an argument from me. If having high productivity and a lean economy means mirroring the US's diminishing middle class - I'll take Australia.

I do worry though. The Australian economy seems to be built on two pillars - resources and government employment. That's not a very diversified basis for country building. Where are the Apples, Nokias and Hondas of Australia?

>> ^kymbos:

@dag, well I can't doubt your thoroughness. Suffice to say, there is a fertile debate about labour productivity in Australian economics. What you have described anecdotally is a small price to pay for Australia's remarkable economic success - a price any country north of the equator would be happy to pay.
Here are some arguments to the contrary:
http://mattcowgill.wordpress.com/2011/10/18/grace-collier-offens
ive-and-wrong/
http://mattcowgill.wordpress.com/2
012/06/07/productivity-surged-but-were-becoming-a-low-productivity-nation/

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