100 jobs a day were lost in January and 1000 people a week left New Zealand for Australia last year but it turns out it was all a mistake! David Farrar has discovered that we measure GDP slightly differently from Australia and if we use their measure then the purchasing power parity-adjusted difference in GDP per capita is close to zero. Hooray!
Now, all we need is for Farrar to work out that, actually, the minimum wage in Australia isn’t 50% higher than here, the unemployment rate isn’t lower (for the first time in decades) than here, the share of GDP that goes to workers isn’t 10% lower here, that the average wage gap isn’t $140 a week, and a labourer in Sydney doesn’t get twice what they do here.
Then the 600,000 Kiwis in Australia will realise they’ve been wrong all along and come back. Shit, I hope we have room for them all.
Might have to pull out the fold-out bed in the living room.