[southerndrift]

Compare Australian wages to the rest of the world. If you go on vacation to other places you see that Australians make more than people from other industrialized nations. You don't see it because your plumber wants to participate, too.

[A2017U1]

How is that relevant? Australian wages are high because of a long period of unionised action demanding better wages and working conditions in the 20th century. It's tangential to having a lot of natural resources.

Norwegian wages are good too, Venezuelan and Saudi wages are terrible.

We squandered all our mineral wealth on nonsense, have huge respect for what the Norwegians have achieved with their fund.