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So on topic of the FIFOs earning shitloads and throwing away their money, I met a couple on the weekend in WA

One asked me what I earn and then said he wasn't going to tell me what he earned, because I wouldn't want to know. I laughed and then he told me what he earned anyway, which was nice of him to do that. He bragged about taking home 12k in one month and pissing away 11k of it...which leaves him about on par with a 15 year old casual shelf stacker. Also expressed his concern about being able to pay back the remaining 15k of finance in his work ute...how the f**k? Then told me I should get into the mines. Thanks for the inspiration champ.

Pat I hope you are saving...

haha sounds like a supervisor on a 2:1 week roster or some tradie on a 4:1 week roster.

Due to them working crazy long swings, their wages are obviously much larger than the professionals in the same industry.

but yeah, enjoy it whilst it lasts i say. No new iron ore mines are planned for development in the remainder of this decade. Only expansions & maintenance going forward. The construction boom in the mining industry has ended.

Unfortunately being in the professional field (9day on/5day off roster), im not exposed to such big wages but trying my best to save whatever i earn :)

#fifolyf

but yeah, enjoy it whilst it lasts i say. No new iron ore mines are planned for development in the remainder of this decade. Only expansions & maintenance going forward. The construction boom in the mining industry has ended.

thats interesting.

is this due to future profit margins because of Oz economy or lack of profitable iron ores area/vein/thingys?

Sif not disclose gossip without naming names.

oh noez, my sauvic member tag has disappeared :(

Shoulda renewed brah!

Don't know how long is left on mine cause committee is free membership until you leave committee lol

thats interesting.

is this due to future profit margins because of Oz economy or lack of profitable iron ores area/vein/thingys?

iron-ore-price-chart.png

Iron ore price falling, China's boom reducing. Supply is meeting current demands.

Building new mines produces inefficient operations due to all the issues needing to be sorted out. Which means higher running costs ontop of construction cost.

Not large enough revenue to take the risk of constructing a new mine.

Better off making your existing mines work more efficiently ensuring a nice fat gap between cost of production & market price. Continue to reduce cost of production as market value drops.

So what happens when FIFO workers have a lifestyle that an eventually / one day reduced income can't support?!?

Maybe Perth will charge less than $15 for a bottle of beer.

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i'd go work in the mines for a long time.. FIFO is great stuff.

No commitments either. Well, except for being in a long distance relationship, which wouldnt make a difference which part of australia i'm in anyway.

Subtle

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Most FIFO workers had minimal knowledge of the realities of FIFO work before starting. The number one stress of FIFO work was family/home separation. A significant dimension of the stress of family/home separation related to FIFO rosters; longer periods at work were more stressful, particularly for workers with young children.

In addition, adjusting to long day/night shifts disrupted sleep and led to fatigue. Another significant stress arose from accommodation and work conditions on-site, which were isolating and subject to overly onerous rules that for some FIFO workers created a distinct sense of entrapment.

Overall, the majority of FIFO workers maintained a ‘suck it up princess, you just do it’ approach to their FIFO role and coping. However, maintaining communication with family and friends was highly regarded as a coping tool. A significant number of FIFO workers spoke of using alcohol and/or illicit drugs to manage disrupted sleep and stress.

Very easy to say yes, but I've seen many new starters leave once reality sinks in.

Most FIFO workers had minimal knowledge of the realities of FIFO work before starting. The number one stress of FIFO work was family/home separation. A significant dimension of the stress of family/home separation related to FIFO rosters; longer periods at work were more stressful, particularly for workers with young children.

In addition, adjusting to long day/night shifts disrupted sleep and led to fatigue. Another significant stress arose from accommodation and work conditions on-site, which were isolating and subject to overly onerous rules that for some FIFO workers created a distinct sense of entrapment.

Overall, the majority of FIFO workers maintained a ‘suck it up princess, you just do it’ approach to their FIFO role and coping. However, maintaining communication with family and friends was highly regarded as a coping tool. A significant number of FIFO workers spoke of using alcohol and/or illicit drugs to manage disrupted sleep and stress.

Very easy to say yes, but I've seen many new starters leave once reality sinks in.

if i survived 3 months in the australian outback on an army training exercise with minimal communication with family, and still was able to smile and say i had fun, i'm sure a few years FIFO is no big deal.

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