Daily review 08/10/2025

Written By: notices and features - Date published: - 2 comments
Categories: Daily review

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2 comments on “Daily review 08/10/2025”

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  1. 1

    July 2025

    This observation about the building sector said it all.

    What makes this downturn different, Galuszka said, is the absence of large-scale public investment to cushion the blow, something that has traditionally supported the sector during economic slowdowns.

    “Governments tend to get involved. Infrastructure and education and health all has construction elements to it,” he said. “But what's happened is this government hasn't done that. They've just pulled the pin on everything. Kāinga Ora is gone.”

    He compared it to the deep cuts of the early 1990s: “People that I know … in their mid 60s … they're like, ‘This is as bad, if not worse, than that.’”

    Galuszka said one of his biggest concerns is the number of experienced New Zealand builders leaving the industry altogether, including apprentices dropped in their second or third year despite government funding to support them.

    He also said younger workers who never finished their apprenticeships had been among the first to fall out of the workforce.

    “This was the first wave of people to get made unemployed 18 months, two years ago — second and third year apprentices,” he said.

    https://www.thepost.co.nz/business/360754839/work-interrupted-building-slowdown-cuts-deep-wiping-out-17000-jobs

  2. 2

    Another poll released today.

    https://www.scoop.co.nz/stories/PO2510/S00048/poll-shows-pay-equity-attack-will-cost-government-votes-and-possibly-the-beehive.htm

    https://img.scoop.co.nz/media/pdfs/2510/Horizon_Research_Pay_Equity_Law_Survey_September_2025.pdf

    National has more to lose than ACT, NZ First

    National appears to have the most to lose from its Government’s controversial pay equity reforms, with the polling suggesting the voters most likely to turn away (79%) are younger, well-paid professionals who backed the party in 2023.

    https://www.stuff.co.nz/politics/360846745/poll-controversial-pay-equity-changes-could-cost-coalition-2026-election

    ACT (particularly Brooke van Velden) and NZ First are having National for breakfast.

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