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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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12452493 No.12452493 [Reply] [Original]

Corporations are pathetic everywhere. But compared to US and some other developed nations, Aussi corporations are literally rotting inside for hiring people for positions that sometimes nowhere in line with their education / exoerience. It’s as if you look Chad / Stacy with connections and a cheesy smile, nothing else matters (not even a muh MBA) ! Anecdotally labour market aberrations are just jaw-dropping - Biomedical engineer driving trains / real estate salesman heading a tech VC farm. Some of the LinkedIn profiles are terrible - no connection between education / experience to current job.

What went wrong? Complacency for being a “luck country” having a long economic honeymoon period fueled by mining and real-estate bubble.

>> No.12452618

our R&D is pretty impressive given our size but yes most of the economy revolves around selling properties and commodities to china

Once Africa starts selling their resources to china we'll prolly take a huge hit and the govs know it too, that's why we've been investing into trump and indonesia and will continue to look for hedging opportunities

All in all aussie dollar have a real risk of getting devalued once the demand from china stops

>> No.12452699

>>12452618
Which R&D is good besides Melbourne’s BioTech/Pharma niche research ?

>> No.12452842
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12452842

Is this subtle bait? Do you mean Aussie?
> lucky country you stupid pajeet
Although I have to agree we're fucked in the future.

>> No.12452858

>>12452842
tu aussi

>> No.12452868

I like how literally nobody at a political or academic level is having a serious public conversation about what the Australian economy needs to be built on in the future, and how to prepare for it. It's very bullish.