One-speed thinking in a two-speed economy

The debate surrounding EMAs fails to recognise the fact that the Australian economy is undergoing a permanent structural shift as the gap in our two-speed economy continues to widen.

The debate over the Gillard government’s agonised and poorly handled decision to stick with its move to allow 1700 foreign workers to work at Gina Rinehart’s $6.5 billion Roy Hill iron ore mine is an omen. It’s a sign that we don’t yet realise how the mining and LNG booms will profoundly change Australia. In 20 years’ time, it’s going to be a different place.

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