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Originally Posted by Fatso

Yes agreed things can be done , but I am not sure wether the average Ausie would except Brazils wages , ie average income for the middle class in brazil is in the vicinity of $7500 to $28000 AU PA . :eek::eek:

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That is an unfair comparison.
The cost of living over there is so much less. I'd work for $28,000 PA. I have worked for $18,000 PA. At the time, the gas bill was around $100 PA andf the rates were a few hundred PA and that included water.
Australia is an expensive place to live.
We need to devalue the Australian dollar.

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Originally Posted by Mick_Marsh

That is an unfair comparison.
The cost of living over there is so much less. I'd work for $28,000 PA. I have worked for $18,000 PA. At the time, the gas bill was around $100 PA andf the rates were a few hundred PA and that included water.
Australia is an expensive place to live.
We need to devalue the Australian dollar.

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I agree, plus people with skills can earn easy U$A 3000 per month which give a standard of living equal to A$ 120000 a year here.

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Originally Posted by Fatso

Yes agreed things can be done , but I am not sure wether the average Ausie would except Brazils wages , ie average income for the middle class in brazil is in the vicinity of $7500 to $28000 AU PA . :eek::eek:

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But in terms of cost per ton dropping wages to 25k would only save about 2% on a ton of slab or coil. :twisted:
We have the big miners with targets of 600million tons export in the near future. If we had steel mills putting out 100 million tons instead you would have far more employment and real industry. Real investment in furnaces and mills that require all levels of employees, from unskilled to trades to science and engineers.
It doesn't matter where you build a steel making plant the big costs are all the same. A blast furnace, coke oven, sinter plant all cost similar and the raw materials are all identical in cost. Instead of a few hundred miners On a 10 million ton site you would employ 10,000 plus
That is why the anti dumping case was won by BSL. It was also why the CEO got his last big bonus but that's another issue;)

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Originally Posted by Mick_Marsh

That is an unfair comparison.
The cost of living over there is so much less. I'd work for $28,000 PA. I have worked for $18,000 PA. At the time, the gas bill was around $100 PA andf the rates were a few hundred PA and that included water.
Australia is an expensive place to live.
We need to devalue the Australian dollar.

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Got the figures wrong the average wage R$3500 to R$13500 PA in Brazil which = about AU$1650 to AU$6500 PA depending on currency exchange rates .
Living is not cheap in Brazil , in 2013 a new Jeep Grand Cherokee cost R$179000 ( in Brazil or about AU$73000 at todays $ .

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Originally Posted by Fatso

Got the figures wrong the average wage R$3500 to R$13500 PA in Brazil which = about AU$1650 to AU$6500 PA depending on currency exchange rates .
Living is not cheap in Brazil , in 2013 a new Jeep Grand Cherokee cost R$179000 ( in Brazil or about AU$73000 at todays $ .

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I would hardly think the cost of a Jeep Grand Cherokee in Brazil would be a suitable item to compare the cost of living.
A Bugatti Veyron is well over two million dollars here.

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Originally Posted by Mick_Marsh

I would hardly think the cost of a Jeep Grand Cherokee in Brazil would be a suitable item to compare the cost of living.
A Bugatti Veyron is well over two million dollars here.

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Ok then, a Big Mac in Br is R$12.40 for Jan 2014 , that means the worker on the lower scale of the middle income wage of R$1665 can only buy 133 Big macs with his whole years wages .
We are talking middle class workers here not all workers in Brazil, who knows what the lower class workers are on PA . No doubt there are some realy high paid Execs as well .

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Originally Posted by Fatso

Got the figures wrong the average wage R$3500 to R$13500 PA in Brazil which = about AU$1650 to AU$6500 PA depending on currency exchange rates .
Living is not cheap in Brazil , in 2013 a new Jeep Grand Cherokee cost R$179000 ( in Brazil or about AU$73000 at todays $ .

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Actually you got it right the first time;). Like oz Brazil has a minimum wage so your figure of $7500-28,000AUD converted is correct for the 100 million middle class, what changes it is the other 100 million+ rural, jungle and elderly/young.
They have a few smart ideas in that min wage rise is linked to cost of living.

Fasto, I have a brother living in Brasil for many years and I can telling you that Brasil it is very cheap to live and you comparisons are not good.
Also I crossed the border from Uruguay to Brasil and can telling you that it is cheap.
That average figures that you have posted (I do not care the source) are not very good.
A person with skills will earn $3000 per month.

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Originally Posted by Fatso

Ok then, a Big Mac in Br is R$12.40 for Jan 2014 , that means the worker on the lower scale of the middle income wage of R$1665 can only buy 133 Big macs with his whole years wages .
We are talking middle class workers here not all workers in Brazil, who knows what the lower class workers are on PA . No doubt there are some realy high paid Execs as well .

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Why not look at house prices?
Home for sale in Sao Paulo, Sao Paulo - VivaReal

I prefer the Big Mac index:wasntme:

Interactive currency-comparison tool: The Big Mac index | The Economist