The Standard

Economy

Posts on the economy, work, business, income, and labour

Categories under Economy

The “screw you” government

Written By: - Date published: 7:26 am, August 10th, 2010 - 9 comments

Lost your job? Screw you

Fairness at Work rallies 21 & 22 August

Written By: - Date published: 4:33 pm, August 9th, 2010 - 31 comments

Unions are getting together to oppose the government’s changes to employment law with rallies in the Auckland, Wellington, Christchurch and Dunedin.

Click through for the schedule.

Another poll

Written By: - Date published: 10:36 am, August 9th, 2010 - 17 comments

For the poll junkies – yes there’s been another poll. It’s headed “Labour make gains”, but it’s margin of error stuff, so don’t get too excited.

I’m So Dizzy

Written By: - Date published: 8:00 am, August 9th, 2010 - 44 comments

The rate at which National have been spinning of late is giving me nausea. It can’t be long until they get to the Hitch-Hiker’s Guide scenario of declaring black to be white and getting run over on the nearest zebra crossing.

Rethinking Growth

Written By: - Date published: 7:31 am, August 8th, 2010 - 82 comments

For the last several decades the over-riding mantra across western governments has been that what is important above all else is economic growth. Now is the time to question whether it should still be our main aim and guiding light.

National admits 90 day period not a choice

Written By: - Date published: 10:17 am, August 6th, 2010 - 280 comments

When National rammed through the first version of the 90 day fire at will law it claimed the period would be a ‘choice’ negotiated fairly between employees and employers.

Now employers are advertising it as a precondition in job ads, with the Minister backing them all the way.

Maori flag over prisons

Written By: - Date published: 1:13 pm, August 5th, 2010 - 36 comments

Pita Sharples wants Maori flag to fly over prisons to raise prisoners’ morale. What a bizarre and useless suggestion. Instead, how about alleviating the poverty that is the main driver of crime?

Unemployment rises to 6.8%

Written By: - Date published: 1:00 pm, August 5th, 2010 - 100 comments

Statistics NZ has just released the Household Labour Force Survey for June 2010 and it’s grim reading, with an astonishing increase in the unemployment rate from 6.0% to 6.8%.

Maori unemployment is now up to 16.4%, Pacific unemployment is at 14.1% and there’s been a 70% increase in long-term unemployment to 37,600.

Spin and bullshit

Written By: - Date published: 11:39 am, August 5th, 2010 - 13 comments

Labour has rightly challenged National on its failure to make any progress on its core promise to “close the gap” with Australia. And rather than responding with action, National has responded with spin and bullshit. And that is very telling indeed.

For the economic record

Written By: - Date published: 6:03 am, August 3rd, 2010 - 130 comments

John Key trotted out a huge lie in Parliament last week: “It took 9 years for Labour to make a complete and utter mess of the economy; it might take a bit longer than that for us to sort it out”. Let’s compare National and Labour’s economic records shall we.

Talk of double dip-recession increases

Written By: - Date published: 9:20 am, August 2nd, 2010 - 98 comments

Perpetual growth is the cornerstone of our liberal democratic/capitalist system. It is fundamentally threatened. A double-dip recession is widely expected but most aren’t prepared to acknowledge the underlying problem that isn’t going away.

Bananas!

Written By: - Date published: 2:08 pm, July 31st, 2010 - 51 comments

Kiwis are amongst the highest consumers of bananas per capita in the world but for decades the banana industry has had a record of significant exploitation of workers including slave labour practices, execution of trade union members and a homicidal disregard of basic heath and safety practices. There’s a reason for the term “banana republic”. […]

Bollard raises OCR, notes weak recovery

Written By: - Date published: 10:43 am, July 29th, 2010 - 20 comments

Reserve Bank Governor Alan Bollard has lifted the official cash rate from 2.75 to 3 per cent, while expressing concerns about the weakness of New Zealand’s economic recovery.

Wage gap $40 a week wider under Nats

Written By: - Date published: 11:39 am, July 28th, 2010 - 95 comments

Closing the wage gap with Australia was one of National’s key promises in the leadup to the 2008 election, but the Dom Post reports today that the wage gap has grown by another $40 a week under National’s watch.

Can we stop pretending now that National ever really had a plan to close the wage gap?

The original justification or no justification at all?

Written By: - Date published: 8:41 am, July 28th, 2010 - 3 comments

During the election the National Party packaged up its policies so as not to scare voters. The 90 day probationary period was for two specific reasons. It was targeted toward people on the margins of the employment market and only applicable to small businesses. Either the original justifications still hold true, hence undermining any argument to extend the scheme, or the original justifications were rubbish from the very start.

Workers and Dear John

Written By: - Date published: 7:34 am, July 28th, 2010 - 35 comments

National is making a total mess of industrial relations. Two different news items yesterday tell the same story: the unions are angry, and the PPTA teachers are angry. Nats beware. Nice Mr Key could so quickly become Dear John…

Where’s their evidence?

Written By: - Date published: 2:00 pm, July 26th, 2010 - 13 comments

National wants to make a change, they’ve got to make a powerful case that the change will have the results they claim. So where’s their evidence? Where are the models, the studies, the scenarios? They haven’t got any. This is faith-based government. Based on faith in the neo-liberal god. This is guess based government. The guess being that we’ll keep voting for that Nice Man Mr Key.

The underclass

Written By: - Date published: 10:46 am, July 26th, 2010 - 16 comments

Remember when John Key used to talk about the “underclass”. Much recently of course John Key’s policy direction has been more about pandering to the wealthy elite, so you don’t hear so much from John Key about his concerns for the underclass anymore. But worries about the underclass still concern some people.

Another win for union members

Written By: - Date published: 7:50 am, July 26th, 2010 - 54 comments

The Herald reports that Engineering, Printing and Manufacturing Union members have won the right to a substitute holiday to make up for the fact that Anzac Day and Easter Monday fall on the same day this year as well as a three percent pay rise for this year and another next year.

You read that right, at a time when the government is attacking workers rights two thousand EPMU members are increasing their holidays and getting a pay rise.

A few brief points about the attacks on workers

Written By: - Date published: 12:21 pm, July 25th, 2010 - 86 comments

Having just watched the q + a interview with Council of Trade Unions President Helen Kelly and Alasdair Thompson from the EPMA (a must-watch, Kelly did a great job) I think there are a few things that need to be said:

A closer look: National’s Energy Strategy

Written By: - Date published: 12:25 pm, July 24th, 2010 - 10 comments

No Right Turn had an interesting post on National’s Energy Strategy or more correctly a general lack of it yesterday.

Yesterday the government released its Draft New Zealand Energy Strategy [PDF] for consultation. So, how does it compare with Labour’s 2007 version? The difference is easy to spot. Labour’s energy strategy was about shifting to a sustainable, low-emissions energy infrastructure. National’s is about finding oil.

Why Socialism? – Albert Einstein

Written By: - Date published: 6:53 am, July 24th, 2010 - 42 comments

Albert Einstein’s essay “Why Socialism?”, originally published in the first issue of Monthly Review (May 1949).

Retirement age

Written By: - Date published: 7:18 am, July 23rd, 2010 - 20 comments

Brash’s call for a “flexible pension” is the thin end of the wedge leading to a rise in the age of eligibility for super. At the moment National are rejecting his call, as Key would be obliged to resign if the age is raised. But the problem remains. National have weakened Labour’s Cullen fund and KiwiSaver, and they seem to have no ideas of their own…

Unusual uncertainty heralds an uncertain new world

Written By: - Date published: 6:55 am, July 23rd, 2010 - 42 comments

Despite a textbook response by the world’s major governments to the great recession, US Federal Reserve Chairman Ben Bernanke says the outlook remains ‘unusually uncertain’. The economic players can’t understand why the normal strong recovery hasn’t followed the recession. They don’t understand we have reached the limits to growth.

Brownlee’s power reforms hurt national interest

Written By: - Date published: 9:00 am, July 22nd, 2010 - 23 comments

We’ve seen the last minute back down on mining after tens of thousands of Kiwis stood up, we’re seeing a growing tide of anger as Kiwis realise that all our work rights and wages are for the chop.. but one policy that has avoided public criticism on the level it is getting from within the industry is Gerry Brownlee’s mad electricity reforms.

Empty promises on employment law

Written By: - Date published: 7:02 am, July 22nd, 2010 - 29 comments

National’s promises aren’t worth the paper that they’re printed on. They’ve broken plenty and downgraded most of the rest to “aspirational goals”. Now John Key’s current anti-worker employment policies add a whole new chapter to the list of broken election promises.

Caption contest

Written By: - Date published: 7:21 pm, July 21st, 2010 - 40 comments

Remember the billboards comparing Helen Clark to a series of dictators in 2008? Funny thing is she’d never had anything to do with a dictator. But at least one MP who will be voting for John Key’s attacks on workers did.

A new state housing agenda

Written By: - Date published: 2:31 pm, July 21st, 2010 - 35 comments

The country is short about 10,000 houses and many of the houses we do have (mostly privately owned rentals) are unhealthy. The housing shortage was a driver of the last housing boom and is still keeping house prices excessively high, while poor quality housing means higher health costs, more sick days, and kids that are sick so often it disrupts their education. It would be sensible on every level to build the extra houses we need, and the government should take the lead role.

Where is National’s economic plan?

Written By: - Date published: 12:20 pm, July 21st, 2010 - 106 comments

It became increasingly clear this year that National’s longer-term economic plan, such as they had one, could be summed up as “tax cuts and mining”.

With mining in national parks now out of the picture, just what is National’s plan to grow the economy and lift our wages to Australian levels?

The changing excuses for Fire at Will

Written By: - Date published: 9:33 am, July 21st, 2010 - 7 comments

In the 2008 election campaign, National carefully packaged up its policies in such a manner as not to scare voters. One of the policies John Key was very careful to frame was the 90 day probationary period for new workers, rightly called Fire at Will. This removal of rights for working people, he explained to us, was for two specific reasons. It was targeted toward people on the margins of the employment market and only applicable to small businesses (less than 20 workers).

Key caught out again on 90 day law

Written By: - Date published: 7:12 am, July 21st, 2010 - 29 comments

Good to see John Key’s lies over the 90 day fire at will law are starting to catch up with him. An employment specialist has come out contradicting Key’s smug assurances that even though his fire at will law will explicitly remove our right to even be given a reason why we’re getting the sack, somehow good faith provisions would still require the employer the give one.