Economy

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

Categories under Economy

2024 in review

Written By: - Date published: 11:01 am, December 31st, 2024 - 24 comments

It is that time of year when during the brief hiatus of civilisation known as the holidays we get the time to reflect on what has happened over the past 12 months.

Wage theft – now that is a real crime

Written By: - Date published: 5:38 pm, December 30th, 2024 - 17 comments

In Australia, the Fair Work Act is enhanced to provide for jail time and large fines for individuals and companies who deliberately indulged in wage theft. It is a Federal act with investigative powers. Our members ‘Theft by Employers’ bill looks pathetic by comparison. But worth passing in its 3rd reading. It would be a “real tough on crime” act – not weak like Mark Mitchell’s tee-shirt snatch.

This govt. legislation will change our country like never before – learn about it like your country depends on it – because it does

Written By: - Date published: 8:34 am, December 21st, 2024 - 12 comments

Just after Christmas, submissions on the Treaty Principles Bill will close. But a far more sinister Bill underlles it all… and Seymour is hoping you might not notice

Who would have thought that austerity would stuff up the economy

Written By: - Date published: 1:48 pm, December 18th, 2024 - 47 comments

The HYEFU has been released and the results are pretty ugly suggesting that National’s austerity measures are having a negative effect on the economy.

When publicity stunts go bad

Written By: - Date published: 9:13 am, December 17th, 2024 - 16 comments

Prime Minister Christopher Luxon recently posted a picture of him helping with a gift box initiative for the poor. But at the same time he is overseeing the cessation of funding for food banks.

Luxon & Willis Double Down on Ferries Debacle

Written By: - Date published: 6:46 am, December 13th, 2024 - 15 comments

Government sneakily shifts the numbers on the cancelled Kiwirail i-Rex project from $3b to $4b as Luxon and Willis defend their plan for a plan.

Are Lester Levy and Shane Reti “cooking the books?”

Written By: - Date published: 11:51 am, December 7th, 2024 - 12 comments

See for yourself.

Tax and the Splintering World

Written By: - Date published: 3:38 pm, December 5th, 2024 - 30 comments

The resurgence of the tax debate reflects impacts of neo-liberal economic policy and developments in the global economy over the last half century. As Labour considers further its approach to tax policy, this wider context should be considered

Luxon Takes A Beating

Written By: - Date published: 10:14 am, December 4th, 2024 - 20 comments

Five recent polls show that Kiwis are tired of the Coalition government, but will the trendline hold?

Reti secretly wants to privatise Health

Written By: - Date published: 8:20 am, November 30th, 2024 - 23 comments

Shane Reti has said publicly that privatising health is not his overt policy. Which suggests strongly that it is his covert policy, especially given that he wants to increase the relationship with and outsourcing to private operators.

Economy Nose Dives

Written By: - Date published: 6:42 pm, November 28th, 2024 - 24 comments

The economy is tanking and Treasury has downgraded the forecasts again after “the government inherited finances in better shape than expected” in January. So who is Nicola Willis blaming, and Winston Peters too?

If Seymour succeeds what happens to Ngāpuhi’s Treaty claim?

Written By: - Date published: 1:49 pm, November 27th, 2024 - 3 comments

If David Seymour’s Treaty Principles Bill is passed it may complicate Ngapuhi’s outstanding claim.

END GAME

Written By: - Date published: 7:03 pm, November 24th, 2024 - 30 comments

What is the game plan for the Coalition government? What characteristics can we observe and what is the “end game?”

The Left Trumped?

Written By: - Date published: 9:42 am, November 21st, 2024 - 36 comments

We woke up last week to the post-mortem on the US election. How and why Trump won, and their implications for political alignments everywhere, are front and centre. A fundamental issue, explicitly identified when Trump won in 2016, is the presence of large sections of the working class vote into the Trump camp. So why has that happened – again?

The Fast Death of Our Major Forestry Mills

Written By: - Date published: 8:53 pm, November 20th, 2024 - 14 comments

2024 is the worst-ever year for our forest export industry as a whole, with most of our largest sawmills closing and the loss of hundreds of jobs.

Nicola Willis Deflects As National Splurge On Roads

Written By: - Date published: 8:33 am, November 10th, 2024 - 10 comments

Nicola Willis deflects a question on why National are spending billions on roads without a business case – after cancelling the 2026 i-Rex – which had a strong business case and required $1.4bn more to complete seismic upgraded ports and next generation ferries.

Luxon Promotes Wealthy & Foreign Interests

Written By: - Date published: 6:28 pm, October 30th, 2024 - 12 comments

Chris Luxon continues to talk up privatisation and wealthy foreign interests from the Middle East and elsewhere. Privatisation and PPP models have been shown to cost a country – but he and ACT and NZ First seem set on their course to sell NZ assets.

Labour day

Written By: - Date published: 2:20 pm, October 28th, 2024 - 21 comments

Enjoying your weekend? Thank a unionist!

Tobacco product investigation is requested and warranted

Written By: - Date published: 7:56 am, October 24th, 2024 - 17 comments

Welcome news from yesterday was the request to the Auditor General under the Public Audit Act on the arbitrary and unsupported by evidence decisions on tobacco products by the Customs Minister Casey Costello. As the request stated, Labour’s health spokesperson Ayesha Verrall had reached the limits of the information that she could seek using the Official Information Act.

10,000 across the country meet to push back against government policies (PHOTOS)

Written By: - Date published: 7:00 am, October 24th, 2024 - 9 comments

Here are photos of the union protest around the country yesterday.

Notice: Protest Locations Today

Written By: - Date published: 10:44 am, October 23rd, 2024 - 14 comments

Today is Protest Day – Stand Together. Here are the locations around the country and why you might feel moved to join.

Doomed?

Written By: - Date published: 7:03 am, October 21st, 2024 - 62 comments

“We’re doomed” was Private Frazer’s inevitable response to any crisis in “Dad’s Army”. One might stray into such despondency when considering the external context in which New Zealand finds itself, then considering what we are doing as a nation to respond. Nigel Haworth looks at where we are at.

Who is the loser?

Written By: - Date published: 9:25 am, October 20th, 2024 - 22 comments

National Minister Andrew Bayley has apologised for his conduct after a complaint that he repeatedly called a worker “a loser” and swore at him while on a business visit.

77% of NZ’s business leaders say a CGT or equivalent is needed as chorus for CGT increases

Written By: - Date published: 7:06 pm, October 16th, 2024 - 90 comments

ANZ, ASB and Simplicity are the latest to join the 77% of business leaders who now say CGT is essential for NZ. CGT goes wholly to the government so why is Luxon so against it?

Where’s the “Oomph”?

Written By: - Date published: 2:04 pm, October 6th, 2024 - 92 comments

Join us to protest privatisation of health on the 23rd October. But can we have more oomph and co-ordination please?

Inventing a crisis to privatise NZ healthcare

Written By: - Date published: 10:41 am, October 4th, 2024 - 12 comments

Yesterday a former Health NZ Chair said the government is intentionally manufacturing a crisis to privatise healthcare. However privatisation will not solve anything and will only lead to worse financial and health outcomes for all Kiwis as confirmed by Lancet Medical Journal and case studies around the world.

NZ Right Wing Government Moves to Privatise Health

Written By: - Date published: 9:49 am, October 2nd, 2024 - 41 comments

The National-ACT-NZ First government have signaled they want to privatise our health system. It’s a now or never moment.

Bye, Bye Health!

Written By: - Date published: 12:59 pm, September 26th, 2024 - 45 comments

NZ has already spent $1bn on thin air (Kiwirail ferries), $70bn on roads, and $35bn on tax cuts so no to your hospitals and investments!

Ferry ferry quite contrary

Written By: - Date published: 8:22 am, September 26th, 2024 - 24 comments

There appears to be an impasse in the Coalition’s ranks with Act and National not wanting rail enabled replacement ferries but Winston Peters demanding that they be rail enabled.

On Labour’s Enduring and Unrelenting Historic Role

Written By: - Date published: 1:17 pm, September 22nd, 2024 - 20 comments

Nigel Haworth argues that the 2012 reforms of the Labour Party created a perverse effect. Not to engender stronger member voice, but to empower a managerial model akin to a Piketty’s Brahmin caste. It weakened the Party’s ability to act strongly at arms length of Caucus and Parliamentary Leader.

New Zealand treats the wealthy better than comparable nations

Written By: - Date published: 10:51 am, September 19th, 2024 - 26 comments

A recently Tax Justice Aotearoa study suggests that the country could impse a capital gains tax or wealth tax and the wealthy would still be better off than they would be in similar countries.