Search
  • Chris Stone

Automation and resource allocation


Media reports today indicate that miner Rio Tinto is 'axing up to 200 jobs' as a result of continued automation of its fleet of trucks at its Pilbara mine sites. The business says this will create a change in roles for its workers who will need reskilling.

This would be a great opportunity in Year 5 and 6 Economics and Business to discuss how technology is changing the resource 'mix'. The students can see that capital is replacing workers at the mine site and some extra labour with IT skills will be needed but at head office in Perth.

As with any 'disruptive technology' there are winners and losers in the short to medium term. A comparison could be made with Uber and taxis OR Airbnb and hotels.


1 view

Recent Posts

See All

PD from Nobel Prize winners

Here is a great PD opportunity. Wednesday, 11 November 2020 at 3:30 pm (WST) Registration is required but it is free Good Economics for Hard Times is a webinar provided by the Centre for Ideas at UNSW

Wider exposure

The three months from May to July saw high sales of our Year 7, Year 8 and Year 9 books. Now 67 schools have purchased books (most for all three years). Economics and Business Education is happy to se

© 2016 by EandB Education. Created with Wix.com