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Mining, industrial and manufacturing industries concerned about the widening gap between the two-speed economy

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Almost 73 per cent of Australian workers in the mining, industrial and construction sectors have expressed their concern about the widening gap between the two-speed economy.

These are the findings of a recent survey of 1,030 Australians, working in the mining, industrial and manufacturing sectors, conducted by Ferret.com.au - an online business directory servicing the Australian mining, industrial and manufacturing sectors.

The survey revealed growing concerns of economic pressures caused by the weaknesses in the manufacturing, construction and retail industries in opposition to the mining boom.

Dom Weatherhead, Account manager for Ferret.com.au said, “This was one of the most significant responses when it came to addressing concerns and issues regarding the mining, industrial and manufacturing sectors. It shows that confidence really isn’t all that high at the moment.”

In addition to growing concerns about the Australian two-speed economy, was the belief that the mining boom is causing a skills shortage in Australian businesses that are outside of the mining sector. However, those surveyed also expressed concern about a skills shortage in the mining sector, with just over 50 per cent believing the shortage does exist.

“Just over 51 per cent of those surveyed expressed concern for skills shortages occurring in sectors like manufacturing and retail due to the mining boom, but almost the same amount of those surveyed expressed concerns about a shortage of skills in the mining sector as well,” said Mr Weatherhead.

In response to the skills shortage, 54 percent of the Australian workers in the mining sector indicated they believe automation is needed and only 10 per cent indicated they don’t.

“Automation is slowly increasing in the mining sector, with many companies implementing automated machinery in remote areas and places they find difficult to employ workers for,” said Mr Weatherhead.

“Although there are some negative aspects to automation, these results indicate that these workers are worried about the skills shortage and believe automation may be the answer.”

Business owners, managers and employees of the mining, industrial and manufacturing sectors were surveyed about the major issues of their sector including economic, environmental issues, and cost and effectiveness of resources.

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