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The case for higher wages
Written By: - Date published: 7:01 am, April 26th, 2017 - 31 comments
In the warm afterglow of the huge wage increase for health care workers the case for addressing NZ’s creaking low-wage economy is getting some recognition (along with the effect of immigration on wages).
National’s economic report card fail
Written By: - Date published: 2:52 pm, April 18th, 2017 - 18 comments
Though artificially boosted by high immigration and disaster rebuilds, the NZ economy is in the doldrums, and National are a failure even by their own goals and targets. I predict that National will soon abolish all targets, and that this will be “a sign of our success”.
Monbiot on the embedded economy
Written By: - Date published: 11:54 am, April 14th, 2017 - 10 comments
A model for a sustainable economy. Something to ponder on a wet holiday weekend.
Property porn vs. reality
Written By: - Date published: 8:46 am, April 10th, 2017 - 92 comments
Sick of the property porn on the Stuff and Herald websites? It was refreshing to read the truth for a change.
The neoliberal revolution
Written By: - Date published: 1:31 pm, April 1st, 2017 - 31 comments
Thirty years old today – the longest April Fool’s joke in history?
Trumping Idiocy
Written By: - Date published: 4:59 pm, March 29th, 2017 - 28 comments
If you are absolutely determined to be one of the idiot legion who’re forever squirreling their heads deeper into sand, then don’t read this post.
Labour Green fiscal framework
Written By: - Date published: 9:16 am, March 24th, 2017 - 97 comments
As widely reported this morning, Labour and the Greens have set out an agreed fiscal framework. Smart politics.
There are no surpluses
Written By: - Date published: 9:48 am, March 14th, 2017 - 38 comments
There are no surpluses in NZ right now, not in any real sense. There is only debt, negative externalities and deferred costs.
Household debt
Written By: - Date published: 11:47 am, March 8th, 2017 - 93 comments
The IMF warns that our household debt is far too high, as desperate tenants start raiding the Kiwisaver accounts to pay the rent.
Unemployment rate up
Written By: - Date published: 8:15 am, February 2nd, 2017 - 12 comments
Despite National’s fiddling the figures on the way unemployment is counted, the unemployment rate is on the rise again.
Labour gets serious about regional development
Written By: - Date published: 1:46 pm, February 1st, 2017 - 46 comments
Labour is serious about regional development. It is proposing a 10 year $200m package of regional initiatives. The first of these was just announced in Dunedin.
Hickey on surpluses and Key’s bullshit
Written By: - Date published: 9:17 am, December 4th, 2016 - 36 comments
Bernard Hickey: “It is extraordinary for the Prime Minister to call the Treasury’s short and long term forecasts a “load of nonsense” and yet rely on the medium term ones to promise all manner of riches to voters on the eve of an election.”
Treasury predictions – not good
Written By: - Date published: 8:08 am, November 27th, 2016 - 66 comments
Brian Fallow in The Herald summarises the take-home messages from the latest Treasury report. National have us on track to disaster.
The sharemarket moved because…
Written By: - Date published: 10:07 am, November 23rd, 2016 - 17 comments
This is just something that gets my goat, and there was a particularly egregious example on the RNZ Business News this morning. Apparently Wall St was going ‘gangbusters’, and the reason they came up with for that was ‘Wall St’ liking Donald Trump’s policies (lowering tax and building infrastructure apparently). Not long ago Wall St […]
National tries to have it both ways
Written By: - Date published: 8:31 am, November 19th, 2016 - 51 comments
Despite the Kaikoura earthquakes, the damage to the Capital and the fact the EQC fund is now in deficit, the Government is still holding out the possibility of tax cuts in election year.
I’m a Muslim, an Immigrant and I voted Trump
Written By: - Date published: 12:54 pm, November 14th, 2016 - 234 comments
Take a deep breath and transcend your fear.
Grant Robertson: Future of Work
Written By: - Date published: 11:25 am, November 9th, 2016 - 10 comments
At the Labour Conference over the weekend, Grant Robertson announced the results of the Future of Work Commission. Ideas for policy to cope with a new age of work.
The Future of Work Commission report
Written By: - Date published: 8:59 am, November 6th, 2016 - 17 comments
The Future of Work Commission report has now been released. It contains 63 recommendations including the tentative implementation of a universal basic income and a that voluntary work for approved organisations allow beneficiaries to continue to receive a benefit.
Nats backsliding on tax haven law changes
Written By: - Date published: 7:54 am, November 1st, 2016 - 20 comments
The Nats are backsliding on implementing the law changes brought on by the Panama Papers revelations. If European regulators blacklist us the consequences will be catastrophic.
Workers’ rights – the Uber ruling
Written By: - Date published: 8:26 am, October 30th, 2016 - 34 comments
Recent decision in the UK is a victory for workers and their rights.
Tax cuts hard to sell
Written By: - Date published: 8:32 am, October 19th, 2016 - 8 comments
Herald: “…the Government ought to be banking surpluses, just as Sir Michael Cullen did during the boom of 2000-2007”.
Tax-cuts or… Health
Written By: - Date published: 8:16 am, October 18th, 2016 - 135 comments
Health – particularly mental health – is underfunded, resulting in strikes over patient safety and units shutdown due to staff shortages. And unnecessary deaths. So why is the government even thinking about tax-cuts when our services need investment?
Hickey on debt
Written By: - Date published: 10:33 am, October 16th, 2016 - 31 comments
Hickey in The Herald on Sunday: “Our household debt to income ratio of 165 per cent is now about 5 per cent above those previous highs of 2008 and rising quickly as debt rises around twice as fast as incomes.”
Economics is still lost
Written By: - Date published: 12:25 pm, September 20th, 2016 - 54 comments
Paul Romer is an economist highly respected by his peers, and about to become the Chief Economist at the World Bank. He’s also just published a paper rubbishing the last 3 decades of macroeconomics.
Martin Wolf, chief economics commentator at the Financial Times is challenging fractional reserve banking. It’s certainly time for some new ideas.
Robertson: Lessons from the Future of Work Commission
Written By: - Date published: 1:22 pm, August 26th, 2016 - 10 comments
Robertson: “What is the economic paradigm that will meet the challenge of world of less secure work, more automation?”
Between what we want and what we need
Written By: - Date published: 8:00 am, August 19th, 2016 - 122 comments
New Zealand is slowly losing faith with this Government and this is why.
Spark – kudos
Written By: - Date published: 8:05 am, August 15th, 2016 - 30 comments
Our wages are too low generally, and this is one of the main economic challenges that we face. A few more employers committing to paying a living wage would be a good place to start.
Globalisation and global incomes (the “elephant graph”)
Written By: - Date published: 7:01 am, August 14th, 2016 - 55 comments
An elegant graph explains why free trade is a good thing, but why it is causing a backlash in rich “Western” countries.
Left Side Story: What do New Zealanders actually earn?
Written By: - Date published: 7:02 am, August 12th, 2016 - 91 comments
Reprinted with permission, by Deborah Russell from Left Side Story: What do New Zealanders actually earn? And why we need to understand these figures.
Immigration jobs and housing
Written By: - Date published: 12:46 pm, August 11th, 2016 - 88 comments
Until we sort out our housing and unemployment problems it is surely time to reign in NZ’s currently record levels of immigration.
Reserve bank cuts OCR to record low
Written By: - Date published: 9:21 am, August 11th, 2016 - 28 comments
The Reserve Bank just cut the OCR to a historic low of 2%. And no it’s not good (economic) news.
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