Posts on the economy, work, business, income, and labour
Written By: - Date published: 12:48 pm, May 27th, 2012 - 6 comments
A couple of good BBC articles: what have the Romans done for us? and can we have a society that doesn’t depend on us becoming ill with our fatness? And Kim Hill’s excellent interviewee Steve Keen.
Written By: - Date published: 8:33 am, May 27th, 2012 - 10 comments
Adding to the canon of reasons and commentators on why you don’t sell your assets (particularly to pay for your maintenance) is an excellent article on The Guardian. It is an article exhorting the countries of the Arab Spring to resist Western countries pressure to implement neo-liberal economics in the name of ‘freedom’. It cites …
Written By: - Date published: 8:32 am, May 26th, 2012 - 47 comments
National don’t have faith in Kiwis, or our skills and education, our Kiwi ingenuity. Nope, they think the only way to wealth is farming – which can’t be expanded, tourism – which provides low value jobs, and resource exploitation – of oil, gas and minerals unfound. They’re banking on us hitting the jackpot, because they can’t think of any real way of providing a future for our country.
Written By: - Date published: 2:15 pm, May 25th, 2012 - 16 comments
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.
Written By: - Date published: 9:52 am, May 25th, 2012 - 22 comments
With enough conditioning, our psyches will adapt to believe almost anything. Like that pain is good.
Written By: - Date published: 4:20 pm, May 24th, 2012 - 48 comments
As expected Bill English has served up a budget with no greater focus than reducing a government deficit that really doesn’t matter much at all.
Of course he’s doing this at the expense of a whole lot of things that do matter – our kids’ education, our families’ health, our retirements.
Written By: - Date published: 2:09 pm, May 24th, 2012 - 106 comments
Budget reaction here. Seems the Nats’ preferred budget tag line is ‘Investing in the future’. Should have called it ‘Waiting for Godot’. Here’s a quick summary: Zero = Fail.
Update: Nats planning to tax kids’ after school jobs. No, not joking.
Written By: - Date published: 7:09 am, May 24th, 2012 - 3 comments
An excellent column from Bryan Gould, and a picture of working families in financial distress. Something to ponder, as we await the zero budget.
Written By: - Date published: 8:40 pm, May 23rd, 2012 - 32 comments
So Key is ‘surprised’ that David Shearer, the local member for Eden Park, accepted tickets to a local game, and doesn’t feel beholden to corporate interests? He can accept hospitality and still criticise a company is somehow shocking? I think this tells us more about John, than it surprises the rest of us about David…
Written By: - Date published: 4:34 pm, May 23rd, 2012 - 8 comments
Bill English has introduced a number of stealth taxes over his time in office, to partly balance the loss his tax cuts for the rich has generated. The latest in this budget will be prescription costs and raising the price of Early Childhood Education (again). We’ll have to wait until tomorrow to find out if …
Written By: - Date published: 10:34 am, May 23rd, 2012 - 17 comments
The Service and Food Workers Union is launching a campaign for a living wage at 12 o’clock today.
[Update: Campaign site]
Written By: - Date published: 8:20 am, May 23rd, 2012 - 22 comments
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.
Written By: - Date published: 7:11 am, May 23rd, 2012 - 15 comments
National has undershot every one of its growth promises. I bet that doesn’t stop them promising big tomorrow.
Written By: - Date published: 5:05 pm, May 22nd, 2012 - 30 comments
Don’t blame Greece: if you change nothing, nothing changes. National’s problems are their own to solve, but they don’t have the guts to look at the big problems in New Zealand’s economy. 0.6% growth in total over the last 3 years – less than population. But National only tinkers and distracts, as our brightest and best head to Aussie.
Written By: - Date published: 3:40 pm, May 22nd, 2012 - 16 comments
The government has correctly bowed to pressure and banned foreign-flagged fishing boats from operating in our waters.
We don’t have too many posts praising this government, and to have 2 today may surprise some. But credit where it’s due.
Written By: - Date published: 9:09 am, May 22nd, 2012 - 11 comments
Matt McCarten’s latest column is a must read. There is something nasty going on…
Written By: - Date published: 7:21 am, May 22nd, 2012 - 38 comments
News in that Talley’s/AFFCO and the Meatworkers reached an agreement at 5am this morning. The workers will keep their wage and job security provisions and still be covered by a collective. The workers have displayed incredible strength with support from up and down the country. Next time, bosses will think twice before attacking their workers.
Written By: - Date published: 6:45 pm, May 21st, 2012 - 12 comments
National have become a very adept PR machine. While not adept at running the country, they’ve become great at running statistics. John Key was pushing things a little too far with his lines that unemployment rising to 6.7% showed an improved economy and that Europe electing anti-austerity leaders showed their austerity policies were right, but …
Written By: - Date published: 1:11 pm, May 21st, 2012 - 68 comments
The Greens launched their Budget alternative this morning. Titled “Smart Green Economics” it lived up to the billing. Extra heft was provided by BERL economist Dr Ganesh Nana paper arguing that the Government’s asset sales programme leaves the government accounts permanently worse off. It was also good to hear about opportunities and their alternatives. We’ve had enough of TINA.
Written By: - Date published: 9:13 am, May 21st, 2012 - 14 comments
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?
Written By: - Date published: 7:01 am, May 21st, 2012 - 56 comments
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.
Written By: - Date published: 9:14 am, May 19th, 2012 - 21 comments
Another poll to add to current mix. Not a big shift, but in the right direction, and getting the right kinds of headline. And here’s another headline that isn’t going to help the Nats – the wage gap with Australia is growing at the rate of $1 a month.
Written By: - Date published: 10:12 am, May 18th, 2012 - 42 comments
Austerity is reducing the opportunities for social mobility, for reducing income inequality, for a fair society. The increased class sizes, the removal of Adult and Community Education, the removal of Training Allowances, and many more things National are doing in the name of “austerity” are undermining our society.
Written By: - Date published: 7:57 am, May 18th, 2012 - 38 comments
You have to take your hat off to National’s spin doctors, coming up with the plausible-sounding nonsense line that low interest rates mean affordable housing isn’t needed. But it led to this- Phil Heatley: “we’re pleased that we’re managing the economy such that interest rates are so low”. Ten minutes earlier, Tony Alexander: “lower interest rates reflect the weakness of the economic outlook”.
Written By: - Date published: 2:53 pm, May 16th, 2012 - 73 comments
The Herald recently carried a story about an Auckland couple – Simon Mabin and Chantelle Joseph – who bought a 970 square metre vacant section in Parnell two years ago, and sold it last month for $2m – more than twice as much as what they paid for it. They did absolutely nothing to the …
Written By: - Date published: 9:48 am, May 15th, 2012 - 7 comments
Sometimes during union bargaining that has hit a wall, workers will vote to ‘work to rule’ – ie not do extras beyond the terms of you contract. It’s perfectly legal. In fact, it should be what we all do every day. Working beyond rule is gifting time and effort to the boss for no compensation. But National wants employers to be able to cut your pay for doing your job.
Written By: - Date published: 8:22 am, May 15th, 2012 - 12 comments
Unemployment’s up, wages are flat, retail and export prices in freefall. Last budget National promised 4% this year – it’s 1%. But never fear, the brighter future is just around the corner – again. Key says growth will be strong in 2013/14 -2 years from now. Does anyone still believe him?
Written By: - Date published: 7:32 am, May 15th, 2012 - 125 comments
Remember when John Key said he’d love to see wages drop? Yep? How about when Bill English claimed our low wages were our competitive advantage. Uh-huh.
Well the changes they’re bringing in to undermine working Kiwis’ bargaining power will do exactly that.
Written By: - Date published: 7:13 am, May 15th, 2012 - 28 comments
I guess we should give credit to National, in this time of economic stagnation, for the one and only growth industry that they have accomplished.
Written By: - Date published: 5:02 pm, May 14th, 2012 - 8 comments
An interesting press release from David Clark, sponsor of the “Mondayisation” bill. It looks like the process of constructing the official advice on this matter was deliberately biased. Why?
Written By: - Date published: 11:43 am, May 14th, 2012 - 75 comments
1 in 80 New Zealanders left for Australia last 12 months. Emigration so far this year is 15% higher than the same months in 2011. 6,000 people attended the 3rd Aussie jobs expo in Auckland in 18 months this weekend. The question is becoming not ‘would you go to Aussie’ but ‘what was the final straw for you to decide to leave Aussie’. Here’s a few reasons.
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