Economy

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

CTU: Why is the Reserve Bank happy with low wage growth?

Written By: notices and features
Date published: - 124 comments

There seems little prospect for better wage growth if the Reserve Bank is to be believed. There is a high risk that growth peaks this year without most people seeing any sign of it in their pay packets. People are being forced into the job market because stagnant wages mean more people have to work for the needs of their households. At the same time harsher rules on social welfare benefits and the low level of those benefits force people into a job market where as the bank says, there is ‘elevated unemployment’.

Imperator Fish: ACT’s new employment relations policy

Written By: notices and features
Date published: - 20 comments

The ACT Party today released its employment relations policy, which focuses on providing both employees and employers with flexibility in how they arrange their workplaces. “People may think they know how slavery works, but do they really? It’s an idea that has had some bad publicity over the years, but only because the right model hasn’t been tried. We believe we have developed the right model. A model that gives employees genuine choice about whether or not to become slaves.”

National’s mouthpiece on manufacturing doesn’t like details

Written By: lprent
Date published: - 116 comments

David Farrar in his usual burst of hypocrisy and curious selectiveness about detailed numbers is proclaiming a headline rise in manufacturing. As is usual he is only interested in the top level numbers and doesn’t provide a link to even the summary data. I guess that is because they are rather depressing for his 9th floor of the Beehive view of employment and wage packets, which is what most voters expect from growth. There has been a slight decline in manufacturing jobs while we have a 11% growth in “manufacturing”.

Murders out west

Written By: mickysavage
Date published: - 204 comments

Four alleged murders out west in the past month have caused a great deal of soul searching.  What is going wrong?  What can we do to prevent any further tragic loss of life?

Paula Bennett now believes in education for solo parents

Written By: mickysavage
Date published: - 70 comments

Five years after making cuts to the training incentive allowance for solo parents wanting to educate themselves National is moving to provide some support and now realises that it makes long term sense to invest in education for solo parents. Could it be there is an election around the corner and National realises that it is vulnerable on issues relating to poverty and inequality?

NRT: Good riddance to John Banks

Written By: notices and features
Date published: - 62 comments

The government has been stripped of its legislative majority and its policy programme, especially employment relations “reform”, is now in tatters. Now that Banks has going, we are seeing an extensive rewriting of history by the National government. Kind of pathetic really.

Farrar lies again

Written By: geoff
Date published: - 61 comments

For the second time in as many weeks, David Farrar has lied to his readers over at kiwiblog.

Spy law changes & telcos exposé

Written By: karol
Date published: - 13 comments

Vodafone has made public the extent of the use of spying via their systems, done by state agencies in several countries including NZ.  NZ state agencies have revealed the amount of warrants issued prior to the passing of the GCSB and TICS laws late last year.

Digital speed cameras & mass surveillance

Written By: karol
Date published: - 30 comments

The main NZ news outlets are reporting on the new digital speed cameras about to be progressively installed around the country.  They fail to report on the potential of the cameras to be used for mass surveillance.

Spying on the left: 20th century “dirt files”

Written By: karol
Date published: - 56 comments

Secret files have been released, that document the spying of Labour/left politicians in the early-to-mid 20th century: Savage, Fraser, Nash, Sutch, Sir Dove Meyer Robinson.  The NZ establishment has a long history of treating the left as a threat. [Update: “Dunne over” by spy review]

Green Party conference – focus on policies

Written By: karol
Date published: - 74 comments

It’s the Green Party Conference this weekend.  Metiria Turei was on RNZ yesterday morning, talking about how the main focus for the conference will be on policies.  Speeches will be streamed live online from the conference today & tomorrow. Update: summary of today’s speeches. Healthy Teens policy.

Considering newborns

Written By: Stephanie Rodgers
Date published: - 43 comments

It’s a classic National manoeuvre. Ask them a straightforward question like “is there support for all newborn babies in New Zealand?” and get a straightforward “Yes” – with several significant caveats that altogether add up to No.

So what happened here? PPL vote

Written By: karol
Date published: - 32 comments

There has been some questioning of the vote for the second reading of the Paid Parental Bill tonight. Sue Moroney claims the Maori Party were planning to vote for it.  The Nat whip cast the Maori Party votes AGAINST the Bill. [Update: One News; NZ Herald]

Kiwipolitico: The housing problem isn’t a housing problem; it’s a regional development problem

Written By: notices and features
Date published: - 41 comments

The national median house price is $415,000, a figure skewed substantially upwards by the extraordinary cost of housing in Auckland. But you can buy a three bedroom house a for a lot less outside the urban areas. There just aren’t jobs to go with them. The chart shows income and employment growth by region. The growth is just not there. Correct that, and it might correct the supply in the urban centres.

Polity: Inequality trends

Written By: notices and features
Date published: - 7 comments

Rob Salmond at Polity has a series of posts in recent days that have been well worth reposting but alas they missed due to travel. Who gained from National’s tax switch? and May TV polls. But he is on fire since he got back from aussie – perhaps they spiked his drinks? But this one looking at the probable shifts in inequality in NZ in the future is pretty damn sobering to anyone who thinks that we need a more equal society.

David Farrar is (still) the hypocrite

Written By: lprent
Date published: - 23 comments

It appears that David Farrar, paid rubber mouthpiece for the National party, is exercising his right to be a hypocrite again. Surely he remembers his attitudes back in 2012 when he was acting as their mouthpiece to discourage other economic migrants seeking a better life in NZ? And it looks like Key is parroting the message tested at Kiwiblog… How predictable.

Labour please take note.

Written By: KJT
Date published: - 71 comments

The more that National publicly adopts “left wing” “socialist”  party policies, such as “free” medical care for children under 13, keeping the retirement age as it is, and balancing the budget, the more they rise in the polls.

Snapshot of a nation: inequality

Written By: karol
Date published: - 30 comments

Al Jazeera reports on damaging inequalities in Spain under “austerity”.  High unemployment; 30% of children  in poverty, political corruption, tax evasion & a focus on football.  Suggested ways to decrease income & wealth inequalities in NZ. Update: TV3’s The Nation: inequality & Wilson & Pickett interview.

Governments need to do some work.

Written By: lprent
Date published: - 37 comments

I nearly snorted my coffee down the wrong way when the Economist arrived on my pad this morning.  “In need of new oomph” opened with the obvious, that world wide growth was stalling. But then it moved past the usual central bank mantras to the need for governments to start doing something more useful than just cutting deficits. Translated to NZ, we need investment in useful economic infrastructure.

Key-Fletcher nexus: anti-democratic ‘Intelligence communities’

Written By: karol
Date published: - 47 comments

Campbell Live pointed to a massive, integrated shift in NZ governance under John Key’s watch. This enhances the power of international trade and commerce, incorporating the GCSB the US, & 5 Eyes . At the centre of this shift, is the murky relationship between John Key & Ian Fletcher.

NRT: An agreement for the sake of an agreement

Written By: notices and features
Date published: - 19 comments

The more you look at the Trans Pacific ‘Partnership’, the more you realise that unlike the trade agreements of the past 20 years, this agreement isn’t a agreement about freeing up trade. It is about putting restraints on trade. For NZ especially, it appears that we will not receive anything from it. All it does is makes it harder for our businesses. No Right Turn looks at the latest disaster of NZ diplomacy..

The smoke & mirrors of the surveillance-military-economic-complex

Written By: karol
Date published: - 29 comments

There are a range of issues, which are part of a GCSB-intelligence-surveillance-military-complex. Some significant elements seem to be posing as diversions from other parts of the complex, and the way all parts hang together. What will he offer Obama to advance NZ’s position in the TPPA?

Occasionally Erudite: Please, Labour, stop trying to link everything to the housing crisis

Written By: notices and features
Date published: - 99 comments

Jono at Occasionally Erudite has this advice to offer the strategy team at Labour. Make sure pushing of theme(s) this election doesn’t get snagged into the irrelevant that doesn’t have much to do with it. For instance “…are people currently earning minimum wage really likely to be even close to getting into the Auckland, Christchurch or Wellington housing markets?”

Polity: The young ones

Written By: notices and features
Date published: - 7 comments

Rob Salmond at Polity looks at what our young have to look forward to in 2019  with National’s hands-off housing screwup. How an average family would fare under National’s do-nothing approach to the housing crisis then?

Polity: Key: Pathological liar about tax

Written By: notices and features
Date published: - 30 comments

John Key is clearly lying about tax again. He claims that most of “all nett tax” is paid for by the wealthy. As usual he ignores the 15% GST tax, the various sales taxes on things like petrol, and the many other sales and consumption taxes. GST and other consumption taxes are largely paid for by the not wealthy. Which is why they were raised to pay for National’s tax cuts for the wealthy.

NRT: MBIE doesn’t care about conservation

Written By: notices and features
Date published: - 4 comments

No Right Turn turns his attention back to the hapless ministerial fool , Simon Bridges. It turns out that when he approved oil exploration in our biggest forest park without realising that he had, it was also what his advice had been. MoBIE simply didn’t consider if the oil exploration and presumably the eventual exploitation would conflict with something as economically vital as tourism. In fact, they appear to have ignored all other claims and uses of the land.

The Human Cost of Inequality

Written By: lprent
Date published: - 131 comments

The Sir Douglas Robb Lectures for 2014 start tomorrow evening in Auckland. These three free lectures are being given by the authors of “The Spirit Level: Why More Equal Societies Almost Always Do Better”, a book much hated by those amongst us who would prefer that societies either didn’t exist or were more unequal and tilted in their favour. Based on many of the trolls here on this topic, it’d appear that most Act supporters and many National supporters appear fall into this category.

Marama Davidson: candidate for Tāmaki Makaurau

Written By: karol
Date published: - 40 comments

Marama Davidson, is on the Green Party list & is a candidate for the Tāmaki Makaurau seat.  Davidson is a really promising up-coming politician.  She is committed to working for people, communities, the environment, democratic process, & strongly supports wahine, Māori & young people.

All Down to Dunne

Written By: Zetetic
Date published: - 37 comments

In the next few hours Peter Dunne could stand by his word and help Kiwi Families.

The question is, will he do it?

Update: No he didn’t. So much for his principles.

Polity: Budget 2014: Over-promise. Under-deliver.

Written By: notices and features
Date published: - 40 comments

Earlier this week I predicted the Budget would be Labour-lite. I was right, but only in part. By far the biggest disappointment is in housing. The government signalled help for home buyers would be a highlight in the Budget. A few pathetic morsels isn’t a highlight. This will make next to no difference to the housing affordability crisis. First home buyers aren’t $3,500 short of a house. They are hundreds of thousands short, because there aren’t nearly enough homes.

National’s proposed public spending to GDP ratio – the election’s clear blue line

Written By: Guest post
Date published: - 72 comments

The real story of the coming election is what was revealed in Bill English’s reported pre-budget speech to the National Party’s Southern Region conference at the weekend. He signalled an intention to reduce the proportion of government spending to 26% of GDP over the next 6 to 7 years. The current level at 30% already places NZ in the lowest quartile of OECD countries, having fallen from 35% of GDP in 2008. Most developed nations spend a significantly higher proportion of GDP on government goods and services.