An NBN remedy to mining malaise

With the resources sector looking shaky a robust national broadband infrastructure could hold the key to surviving the inevitable end of the mining boom.

It is patently clear that at a certain stage the current mining boom in Australia will diminish and this will invariably have a negative effect on the overall financial and economic situation of the country. While this will not have a significant direct impact on employment it will decrease the country’s overall wealth, and a squeeze in that area will have an effect on all aspects of the economy.

Money will become more expensive – government projects and funding will be tightened, house prices will be put under pressure and so on. However, the damage caused by such a scenario could be greatly mitigated by the presence of the NBN.

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