Compare the latest figures on CEO pay to the median income of New Zealanders and to the minimum wage. The average CEO gets 10 times the pay of a full-time minimum wage worker or the income of the typical Kiwi. The gap is growing. The CEO pay increase was 26 times the median income increase, 56 times what a full-time minimum wage earner got. Does anyone think this is a recipe for a happy and successful New Zealand?
There are just short of 630,000 people aged 20-29. A net 33,000 of them have left for Australia under National – 13,000 in the last year. That’s twice the rate of emigration under Labour. There’s also twice as many unemployed in this age group – 46,000. That’s 1 in 8 of our youngest generation of workers either leaving for Aussie or unemployed under National.
Labour’s hands on approach to economic management focused on boosting manufacturing stands in stark contrast to National’s failed record of big promises and no delivery. Manufacturing is our largest employer. It has lost 25,500 jobs under National. National has been pushing mining for four years. It employs 6,000 people, up just 600 under National.
Fresh ideas to grow a stronger manufacturing sector, on top of the major changes Labour has already signalled featured in a speech given today by David Parker to a union audience in Wellington. David Cunliffe was there too, and I particularly liked the discussion afterwards. The key players are receptive to good ideas and it looks like Labour will have a real alternative to offer at the next election.
Key’s making excuses for his government’s pathetic record on jobs. Unemployment is going the wrong way but Key calls another 2,000 people without jobs to 162,000 – the highest number since 1994 – a “very small, technical rise“. 65,000 more unemployed under National. And we’re doing relatively badly. We’ve gone from 6th lowest unemployment in the OECD to 14th.
Unemployment is up, and the real situation is worse than the figures suggest. Just how many more years of the Nats’ economic “genius” do you want NZ?
Buying back Kiwirail was a chance for building a cost-, oil-, and carbon-efficient transport network. Instead, its been a tale of false economies: cheap trains from China, cheap sleepers from Peru, cheap labour from contracting out. In the end, it all costs more for worse results.
Yesterday, National was patting itself on the back for getting, wait for it, 25 people into work and off benefits as part of rebuilding Christchurch. This in a $770,000 programme called Work InZone that was meant to get 100 people into work. This programme didn’t create jobs, it just helped get the select beneficiaries to the front of the queue for them. Just means someone else missed out.
I plan to start a business. I will be a job creator. 50 people will have jobs thanks to me. The whole community will benefit. My business will make poisoned puppy toys. Don’t get me wrong. They won’t kill every puppy who chews on them every time. Only 50% over the puppies’ lives. 30 puppies a year will die per job created. But – jobs! Does it make it better if I’m only selling the poison puppy toys in Australia?
High levels of unemployment in NZ are both a condemnation of the Nats’ bungling of the economy, and a reality check on their perpetual grandstanding beneficiary bashing.
The news out of Europe, China and Australia is looking worse by the day. What’s coming at us doesn’t look pretty. I was about to do a post saying I hoped someone in Labour was doing some scenario planning and was very pleased to see today that Parker’s eyes are open.
Remember when John Key promised 4,000 new jobs from the cycleway and, in fact, a few hundred, short-term, part-time positions were created? Remember when John Key promised 170,000 new jobs and unemployment went up instead? Looks like Key’s being making it up on the pokies-for-convention centre deal too, which would create only a fraction of the jobs promised.
The Government have been pushing a line that Christchurch is holding us back as an economy. The poor people of Christchurch are to blame for all our woes apparently, with their earthquake. We shouldn’t blame National, just Cantabrians.
But it’s not true.
An excellent column from Bryan Gould, and a picture of working families in financial distress. Something to ponder, as we await the zero budget.
It’s great that foreign fishing vessels in New Zealand waters will now be required to be flagged here and, in theory, will be subject to New Zealand law. But I reckon that abuses of those crews is only half the problem. The other problem is that we have Kiwi quota owners, in particular iwi, employing foreign fishers while quarter of a million of our people are jobless.
Last Budget, National promised 36,000 jobs in the year to March 2012. We got 20,000. They promised 1.8% growth. We got 1.1%. They promised a $9.8 billion deficit. Now, it’s heading for over $12 billion. Ready for a repeat on Thursday?. English will say last year’s failures were all someone else’s fault. Key will grin and make some weak jokes, the beakbenches will hoot and holler. But will anyone outside National be smiling this time round?
Remember ‘ambitious for New Zealand’? Remember ‘brighter future’? National used to at least say they wanted to do something significant. At what point did all that get replaced with ‘surplus by 2014/15’? Key and National have $70 billion a year to play with to better this country, and the best thing they can come up with is making sure government operating revenue exceeds operating spending by about half a percent in three years time.
The Nats’ welfare cuts will cost $500m over 4 years. Supposedly save a billion. Net saving: $125m a year. 1% of benefit costs. 1/8th of the cost of extra beneficiaries under National. Won’t really save even that little. No jobs. Unemployment rising. National’s problem is it tries to save costs of the welfare safety net by cutting holes in the net. The real solution is to stop people falling in. Best welfare policy is a jobs policy.
Number of additional jobs per year needed to match population growth: 25,000 * Jobs promised by National last Budget to be added in March 2012 year: 36,000 * Actual number of jobs added: 20,000 * Additional unemployed: 5,000 * Change in number of fulltime jobs: -6,000 * Change in number of parttime jobs: 25,000 * Growth in underemployment: 4,000 * Broken promises: 1 really big one
It is a fundamental injustice of our society that one family, which already has more than it can ever need, can hold 1,300 families, who have very little, to ransom just to make a little more cash. But the union makes us working people strong. By standing together, the workers are beating Talley’s in the AFFCO lockout. Talley’s cracked. Wants half them back. The workers have said ‘all of us or none of us’.
When it comes to doing dirty deals with a casino, selling our law so that it gets a convention centre and more profits from gambling addicts, National’s willing to die in a ditch. But when there was an opportunity to save and expand our high-tech, high-skill manufacturing at Hillside simply by requiring government bodies to consider the costs and benefits of their actions on the whole country, not their narrow corporate interests, National did nothing.
You don’t get fat off the crumbs from someone else’s table and you don’t get rich by being someone else’s butler. So, why the Nats are so happy that Australia is sending a few call centre and cigarette jobs here, where wages are lower, I don’t know. We’ll be wealthier if we produce more wealth, more stuff of real value. Not if our competitive advantage is low wages and insecure jobs.
The government has splurged $20m putting 3,300 unemployed people through 6 week-long military ‘boot camps’ ($6K each). Result: up to 3 years later, only 19% have jobs. Compares to the typical stint of unemployment of 12 weeks. Looks a lot like the Nats are pouring money into a programme that makes unemployment worse. out of sheer ideological idiocy.
Something to do in Auckland tonight: What: Special screening of The Muppets Where: Hoyts Sylvia Park, Mt Wellington When: Tonight, April 3rd, 6.10pm […]
Things are not going so well for Ports of Auckland. “Ports of Auckland lifts lock-out amid board rift” sums it up…
Plenty of high-profile bad news headlines for the Nats. At least it takes the focus of the boring old economy.
Ports of Auckland management may be starting to realise that they have bitten off more than they can chew. Faced with international union action, they have called a halt to the redundancy process.
Chris Trotter invented the myth of the so-called ‘Waitakere Man’. It assumes Labour has lost voters because we’re all contractors now or in roles where we could be contractors, and don’t need their union-based labour policies and benefit system but want simpler rules for small business. No factory or retail workers in this model. Problem is, it’s not true.
Recently, an article appeared in the Wall Street Journal describing how CEOs around the world spend their time. The article drew on data from a larger study, the Executive Time Use Project . This project relied on reports of time use by CEO’s personal assistants; making it more accurate. It came across my usual reading and I thought I might share some of the findings with you.
He must resign. Surely. Here is Key, speaking to the PSA in 2008, making very specific promises about public service jobs, tax cuts, and asset sales that helped him get elected. Promises he has since broken. There’s no excuse. He wasn’t blind-sided by events. He made these promises never intending to keep them. Key is refusing to comment but if the man has any ethics he’ll resign.
Hey John – where’s our “Brighter Future”? Hey National voters – was this what you voted for?
The $340K contractors hired to show our diplomats the door have told them that, to cope with stress, they could pray, take a bath, or get a cat. What else do you think was on the list?:
Nationals bungling on the economy continues to damage NZ. Even their misguided state sector job cuts have failed to make significant savings…
Anyone saying there are plenty of jobs, people are just to snobby (ie lazy) to take them, has to explain why 90,000 people suddenly got lazy between 2008 and 2009 as 80,000 jobs disappeared.
Bill English: “A government can’t have a lot of impact on the job market. It is what it is.” He’s only half right.
