Description
The average income of workers in the Arizona copper mining industry was $108,000 in 2011. The average income of copper mine workers in Chile is $98,000.00, in Zambia copper mines, the average is $12,000.00 per annum.
Copper is sold at the London Stock Exchange, which means the Arizona Miners, Australian Miners, Chile and the Zambian Miners sell at the same price.
Nomba, how come the Zambian miner is short changed? Oh, the Arizona guy lives in a developed country- I see.
If the Zambia economy is to improve, it must rely on a well-paid consumer base. Consumers who can freely go to a restaurant without losing sleep over it. Someone would say, it's market forces at play - Well once upon a time China was known as the cheap labor of the world and guess what? Not anymore, has supply for labor gone down in China? No, the Chinese have started demanding higher wages comparative to developed world.
Sometimes I wish I was a politician because I would stay on this subject for breakfast, mid-mor
