SLIDESHOW: The iron ore price wars 2002–2017

W.A. benefitted little from the boom, but London and world shareholders continue to get 36% profits on their investments, whilst W.A. Contractors were forced to accept 36% pay cuts, and accept 90day payment waits which bankrupted them. The goverment allowed this to happen, now everyones out of work, and unemployment is faked at under 6% but 2/3rds of contractors are “Casual” and entitled to nothing, and not shown in the true unemployment figures of over 18%. Happy days, indeed.