Yes, more robots, we could have had robotic engineers and technicians, it could have been Australian's who produced Honda's Asimo (http://asimo.honda.com/) instead of Japan.
Australia has some very advanced and successful enterprises in this sort of space - check out this company in Sydney that designs and produces robots for police/military training purposes - oh and look they EXPORT to the US! Who would have think it???: http://www.marathon-targets.com/
There are so many tech start-ups like this in Sydney in particular, that hardly anyone not in-the-know is aware of - but then we only ship dirt and leverage into houses right?
Perhaps a better way of looking at this is if you took housing and minig out of the equation.
Or lets say their contribution to GDP halved.
What would we have left?
Enough to keep unemployment under 8%
I doubt it.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?
The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly. Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
Yes, more robots, we could have had robotic engineers and technicians, it could have been Australian's who produced Honda's Asimo (http://asimo.honda.com/) instead of Japan.
Australia has some very advanced and successful enterprises in this sort of space - check out this company in Sydney that designs and produces robots for police/military training purposes - oh and look they EXPORT to the US! Who would have think it???: http://www.marathon-targets.com/
There are so many tech start-ups like this in Sydney in particular, that hardly anyone not in-the-know is aware of - but then we only ship dirt and leverage into houses right?
Perhaps a better way of looking at this is if you took housing and minig out of the equation.
Or lets say their contribution to GDP halved.
What would we have left?
Enough to keep unemployment under 8%
I doubt it.
What's your point? Mining and residential property related acticity (construction etc) represent significant areas of our economy - yes. That's all you are saying? So are agriculture, financial services, tourism, manufacturing, retail, commercial property / construction, and so on and on and on.
My point (and the reason I started this thread) is that while mining/property are significant and important, it's not ALL we do here. We do a LOT of other stuff, and 44% of our export income even are from things not related to mining or property.
For Aussie property bears, "denial", is not just a long river in North Africa.....
Perhaps a better way of looking at this is if you took housing and minig out of the equation.
Sydneyite made a good point.
Reg: All right, but apart from the sanitation, the medicine, education, wine, public order, irrigation, roads, the fresh-water system, and public health, what have the Romans ever done for us?
Hang on, are you trying to compare mobile training dummies with Asimo?
The training dummies being a mannequin sitting on top of a small vehicle that moves in random directions, whereas Asimo is a learning humanoid android with sensors, can open doors, recognise people, walk up and down stairs, carry objects, pour drinks, can walk, run, balance on one foot and kick a ball.
"If man is to survive, he will have learned to take a delight in the essential differences between men and between cultures. He will learn that differences in ideas and attitudes are a delight, part of life's exciting variety, not something to fear." - Gene Roddenberry
"Balloon animals are a great way to teach children that the things they love dearly, may spontaneously explode" -- Lee Camp
Reg: All right, but apart from the sanitation, the medicine, education, wine, public order, irrigation, roads, the fresh-water system, and public health, what have the Romans ever done for us?
Brought peace?
“You Keep Using That Word, I Do Not Think It Means What You Think It Means” - Inigo Montoya
Hang on, are you trying to compare mobile training dummies with Asimo?
The training dummies being a mannequin sitting on top of a small vehicle that moves in random directions, whereas Asimo is a learning humanoid android with sensors, can open doors, recognise people, walk up and down stairs, carry objects, pour drinks, can walk, run, balance on one foot and kick a ball.
How much money does Asimo make vs what it cost to develop? It's a pure R&D gimmick at this stage! And like so many, you are quick to dismiss / belittle truly innovative local engineering and product development, that generates jobs and export income. And seeing as we are on Life of Brian quotes today - There's no pleasing some people!
Asimo itself is sort of a gimmick, I agree, but the R&D involved has allowed Honda to create patents for a number of assistive technologies like Stride Management Assist and Bodyweight Support Assist.
Mannequins on what is essentially a autonomous gocart can't even compare to the possible offshoots of Asimo.
"If man is to survive, he will have learned to take a delight in the essential differences between men and between cultures. He will learn that differences in ideas and attitudes are a delight, part of life's exciting variety, not something to fear." - Gene Roddenberry
"Balloon animals are a great way to teach children that the things they love dearly, may spontaneously explode" -- Lee Camp
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