GDP up; parents’ time with kids plummets

Written By: - Date published: 12:13 pm, March 20th, 2008 - 19 comments
Categories: economy, International, youtube - Tags: , ,

One of the most interesting questions from the audience at the Stiglitz interview in Wellington last week was whether he thought we were focusing unduly on “economic growth” as the sole indicator of societal wellbeing.

The point being that, as in the headline, it’s easy to imagine situations in which GDP’s rising but quality of life is falling.

Worldchanging report that it’s been 40 years since the famous Robert Kennedy speech (video below) in which he pointed out that:

“Gross National Product counts air pollution and cigarette advertising, and ambulances to clear our highways of carnage [yet]… does not allow for the health of our children, the quality of their education or the joy of their play. It does not include the beauty of our poetry or the strength of our marriages, the intelligence of our public debate or the integrity of our public officials.”

Worldchanging go on to report that there’s work being done around the possibility of issuing a set of “satellite accounts” in tandem with the monetary accounts of GDP to try to give value to other things we might care about, and that there may be gathering political will to pursue such an initiative.

19 comments on “GDP up; parents’ time with kids plummets ”

  • Comments are now closed

  1. insider 1
    20 March 2008 at 1:05 pm

    Sounds like a productivity issue to me

  2. insider 2
    20 March 2008 at 1:07 pm

    Oh btw, will be blogging on the management interference in journalistic freedom, professionalism and integrity at Fairfax which has resulted in items being literally ripped from papers before distribution?

    http://www.nzherald.co.nz/section/3/story.cfm?c_id=3&objectid=10499208

  3. Steve Pierson 3
    20 March 2008 at 1:20 pm

    now, that’s oratory

  4. BeShakey 4
    20 March 2008 at 1:22 pm

    What did Stiglitz say?

  5. Robinsod 5
    20 March 2008 at 1:25 pm

    Of course insider there’s no difference between an editor forcing a “clarification” at the request of a politician and the pulling of a reference to a porn site. Tell me mate, when you were a journalist what rounds did you do?

  6. Matthew Pilott 6
    20 March 2008 at 1:25 pm

    Insider, I await the link to your blog, where you get into it. That’s what you were trying to say, right?

  7. insider 7
    20 March 2008 at 1:26 pm

    Wonder what it would be like without the dramatic dumdumditteedumm soundtrack.

    I saw a bit of that white guy Barack Obama on TV. He was talking very well – seemed to be without notes too but maybe he’s just good with an autocue

  8. insider 8
    20 March 2008 at 1:27 pm

    Matt

    Nope missed out a “you” after the “will”

    I’m not intullecshual enuff for a blog

  9. all_your_base 9
    20 March 2008 at 1:32 pm

    BeShakey – he roughly said: “yeah, there might be other metrics of measuring success as well as GDP”. Similar clip below with his own words.

    http://www.youtube.com/watch?v=QUaJMNtW6GA

  10. Steve Pierson 10
    20 March 2008 at 1:40 pm

    Stiglitz also made these points about GDP. He was all for measurs of performance that go beyond mere economic production – hard to measure of course, that’s the problem.

  11. insider 11
    20 March 2008 at 1:41 pm

    Sod

    According to the NZH chapel they were concerned at the concept of management interference in editorial decisions full stop. That concern was “heightened” by the possible political angle. Much of the comment on this site at the time was about the validity of management intervention as a concept rather than specific to the case in question.

  12. Robinsod 12
    20 March 2008 at 1:52 pm

    Yeah I know insider – I’m no fan of commercial decisions interfering in the editorial process but the horse has well and truly bolted on that one. As you know there are plenty of weekly and daily editorial meetings around the country that include the advertising manager as a matter of course and unfortunately that’s pretty much the way it works now. In terms of interference however, the “clarification” really did raise the stakes. If you can’t see that it’s probably for the best you’re no longer in the newsroom.

  13. insider 13
    20 March 2008 at 1:59 pm

    I always said it was not a good move

  14. Stephen 14
    20 March 2008 at 2:17 pm

    A very recent article in ‘The Economist’ labelled GDP as ‘Grossly Distorted Perception (Mar 15, 2008. Vol. 386, Iss. 8571; pg. 106)

    Advocated ‘GDP per person’ as a better rough guide to living standards. It noted that:

    Using growth in GDP per head rather than crude GDP growth reveals a strikingly different picture of other countries’ economic health. For example, Australian politicians often boast that their economy has had one of the fastest growth rates among the major developed nations–an average of 3.3% over the past five years. But Australia has also had one of the biggest increases in population; its GDP per head has grown no faster than Japan’s over this period. Likewise, Spain has been one of the euro area’s star performers in terms of GDP growth, but over the past three years output per person has grown more slowly than in Germany, which like Japan, has a shrinking population.

  15. Stephen 15
    20 March 2008 at 2:27 pm

    Correction, the PODCAST labelled it ‘grossly distorted perception’.

  16. Matthew Pilott 16
    20 March 2008 at 2:36 pm

    Insider, I think you’re taking a simplistic view by saying that it was a critique of management interference in general, as opposed to criticisim of the single incident.

    It’s accepted that there are standards and if they are violated than I wouldn’t complain about management intervening, as long as said standards are clearly defined and public. For example, I wouldn’t expect what graces the cover of Truth to appear on the SST, and would understand if an attempt was made to stop this if a raunchy cover had somehow made it into production.

    Doesn’t apply to the Bay Report case.

    But this is all rather off topic – shouldn’t really be pandering to your blatant thread-jacking.

  17. roger nome 17
    20 March 2008 at 8:39 pm

    Insider:

    “Sounds like a productivity issue to me”

    Or perhaps a labour market issue? i.e. Ours is deregulated, de-unionised and without an awards system? Have a look ….

    http://rogernome.blogspot.com/2007/10/another-reason-new-zealand-needs-its.html

  18. Dismal Soyanz 18
    21 March 2008 at 3:38 pm

    Focusing on GDP? If you are referring to economists, economist/advisers and their political masters, then you are setting up a straw man.

    No-one who gives policy advice focuses solely on GDP. And how many politicians do you know who think GDP is the be all and end-all?

    There are a plethora of statistics out there aboout how well a country is doing: development statistics, technology, health, crime etc. GDP is viewed as a summary measure of economic activity. It’s a starting point but is not the sole focus.

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    A chronological listing of news and opinion articles posted on the Skeptical Science Facebook Page during the past week: Sun, Sep 17, 2023 thru Sat, Sep 23, 2023. Story of the Week  Opinion: Let’s free ourselves from the story of economic growth A relentless focus on economic growth has ushered in ...
    Skeptical Science
    6 days ago

  • The End Of The World.
    Have you been looking out of your window for signs of the apocalypse? Don’t worry, you haven’t been door knocked by a representative of the Brian Tamaki party. They’re probably a bit busy this morning spruiking salvation, or getting ready to march on our parliament, which is closed. No, I’ve ...
    Nick’s KōreroBy Nick Rockel
    7 days ago

  • Climate Town: The Brainwashing Of America's Children
    Climate Town is the YouTube channel of Rollie Williams and a ragtag team of climate communicators, creatives and comedians. They examine climate change in a way that doesn’t make you want to eat a cyanide pill. Get informed about the climate crisis before the weather does it for you. The latest ...
    Skeptical Science
    1 week ago

  • Has There Been External Structural Change?
    A close analysis of the Treasury assessment of the Medium Term in its PREFU 2023 suggests the economy may be entering a new phase. Last week I explained that the forecasts in the just published Treasury Pre-election Economic and Fiscal Update (PREFU 2023) was similar to the May Budget BEFU, ...
    PunditBy Brian Easton
    1 week ago

  • Another Labour bully
    Back in June, we learned that Kiri Allan was a Parliamentary bully. And now there's another one: Labour MP Shanan Halbert: The Labour Party was alerted to concerns about [Halbert's] alleged behaviour a year ago but because staffers wanted to remain anonymous, no formal process was undertaken [...] The ...
    No Right TurnBy Idiot/Savant
    1 week ago

  • Climate Change: Ignoring our biggest problem
    Its that time in the election season where the status quo parties are busy accusing each other of having fiscal holes in a desperate effort to appear more "responsible" (but not, you understand, by promising to tax wealth or land to give the government the revenue it needs to do ...
    No Right TurnBy Idiot/Savant
    1 week ago

  • JERRY COYNE: A good summary of the mess that is science education in New Zealand
    JERRY COYNE writes –  If you want to see what the government of New Zealand is up to with respect to science education, you can’t do better than listening to this video/slideshow by two exponents of the “we-need-two-knowledge-systems” view. I’ve gotten a lot of scary stuff from Kiwi ...
    Point of OrderBy poonzteam5443
    1 week ago

  • Good news on the GDP front is accompanied by news of a $5m govt boost for Supercars (but what about ...
    Buzz from the Beehive First, we were treated to the news (from Finance Minister Grant Robertson) that the economy has turned a corner and New Zealand never was in recession.  This was triggered by statistics which showed the economy expanded 0.9 per cent in the June quarter, twice as much as ...
    Point of OrderBy Bob Edlin
    1 week ago

  • The Scafetta Saga
    It has taken 17 months to get a comment published pointing out the obvious errors in the Scafetta (2022) paper in GRL. Back in March 2022, Nicola Scafetta published a short paper in Geophysical Research Letters (GRL) purporting to show through ‘advanced’ means that ‘all models with ECS > ...
    Real ClimateBy Gavin
    1 week ago

  • Friday's Chorus: Penny wise and pound foolish
    TL;DR: In the middle of a climate emergency and in a city prone to earthquakes, Victoria University of Wellington announced yesterday it would stop teaching geophysics, geographic information science and physical geography to save $22 million a year and repay debt. Climate change damage in Aotearoa this year is already ...
    The KakaBy Bernard Hickey
    1 week ago

  • CHRIS TROTTER: Calling the big dog’s bluff
      For nearly thirty years the pundits have been telling the minor parties that they must be good little puppies and let the big dogs decide. The parties with a plurality of the votes cast must be allowed to govern – even if that means ignoring the ...
    Point of OrderBy poonzteam5443
    1 week ago

  • The electorate swing, Labour limbo and Luxon-Hipkins two-step
     Another poll, another 27 for Labour. It was July the last time one of the reputable TV company polls had Labour's poll percentage starting with a three, so the limbo question is now being asked: how low can you go?It seems such an unlikely question because this doesn't feel like the kind ...
    PunditBy Tim Watkin
    1 week ago

  • A Womance, and a Nomance.
    After the trench warfare of Tuesday night, when the two major parties went head to head, last night was the turn of the minor parties. Hosts Newshub termed it “the Powerbrokers' Debate”.Based on the latest polls the four parties taking part - ACT, the Greens, New Zealand First, and Te ...
    Nick’s KōreroBy Nick Rockel
    1 week ago

  • New community-level energy projects to support more than 800 Māori households
    Seven more innovative community-scale energy projects will receive government funding through the Māori and Public Housing Renewable Energy Fund to bring more affordable, locally generated clean energy to more than 800 Māori households, Energy and Resources Minister Dr Megan Woods says. “We’ve already funded 42 small-scale clean energy projects that ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Huge boost to Te Tai Tokerau flood resilience
    The Government has approved new funding that will boost resilience and greatly reduce the risk of major flood damage across Te Tai Tokerau. Significant weather events this year caused severe flooding and damage across the region. The $8.9m will be used to provide some of the smaller communities and maraes ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Napier’s largest public housing development comes with solar
    The largest public housing development in Napier for many years has been recently completed and has the added benefit of innovative solar technology, thanks to Government programmes, says Housing Minister Dr Megan Woods. The 24 warm, dry homes are in Seddon Crescent, Marewa and Megan Woods says the whanau living ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • Te Whānau a Apanui and the Crown initial Deed of Settlement I Kua waitohua e Te Whānau a Apanui me...
    Māori: Kua waitohua e Te Whānau a Apanui me te Karauna te Whakaaetanga Whakataunga Kua waitohua e Te Whānau a Apanui me te Karauna i tētahi Whakaaetanga Whakataunga hei whakamihi i ō rātou tāhuhu kerēme Tiriti o Waitangi. E tekau mā rua ngā hapū o roto mai o Te Whānau ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Plan for 3,000 more public homes by 2025 – regions set to benefit
    Regions around the country will get significant boosts of public housing in the next two years, as outlined in the latest public housing plan update, released by the Housing Minister, Dr Megan Woods. “We’re delivering the most public homes each year since the Nash government of the 1950s with one ...
    BeehiveBy beehive.govt.nz
    6 days ago

  • Immigration settings updates
    Judicial warrant process for out-of-hours compliance visits 2023/24 Recognised Seasonal Employer cap increased by 500 Additional roles for Construction and Infrastructure Sector Agreement More roles added to Green List Three-month extension for onshore Recovery Visa holders The Government has confirmed a number of updates to immigration settings as part of ...
    BeehiveBy beehive.govt.nz
    7 days ago

  • Poroporoaki: Tā Patrick (Patu) Wahanga Hohepa
    Tangi ngunguru ana ngā tai ki te wahapū o Hokianga Whakapau Karakia. Tārehu ana ngā pae maunga ki Te Puna o te Ao Marama. Korihi tangi ana ngā manu, kua hinga he kauri nui ki te Wao Nui o Tāne. He Toa. He Pou. He Ahorangi. E papaki tū ana ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Renewable energy fund to support community resilience
    40 solar energy systems on community buildings in regions affected by Cyclone Gabrielle and other severe weather events Virtual capability-building hub to support community organisations get projects off the ground Boost for community-level renewable energy projects across the country At least 40 community buildings used to support the emergency response ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • COVID-19 funding returned to Government
    The lifting of COVID-19 isolation and mask mandates in August has resulted in a return of almost $50m in savings and recovered contingencies, Minister of Health Dr Ayesha Verrall announced today. Following the revocation of mandates and isolation, specialised COVID-19 telehealth and alternative isolation accommodation are among the operational elements ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Appointment of District Court Judge
    Susie Houghton of Auckland has been appointed as a new District Court Judge, to serve on the Family Court, Attorney-General David Parker said today.  Judge Houghton has acted as a lawyer for child for more than 20 years. She has acted on matters relating to the Hague Convention, an international ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Government invests further in Central Hawke’s Bay resilience
    The Government has today confirmed $2.5 million to fund a replace and upgrade a stopbank to protect the Waipawa Drinking Water Treatment Plant. “As a result of Cyclone Gabrielle, the original stopbank protecting the Waipawa Drinking Water Treatment Plant was destroyed. The plant was operational within 6 weeks of the ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Govt boost for Hawke’s Bay cyclone waste clean-up
    Another $2.1 million to boost capacity to deal with waste left in Cyclone Gabrielle’s wake. Funds for Hastings District Council, Phoenix Contracting and Hog Fuel NZ to increase local waste-processing infrastructure. The Government is beefing up Hawke’s Bay’s Cyclone Gabrielle clean-up capacity with more support dealing with the massive amount ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Taupō Supercars revs up with Government support
    The future of Supercars events in New Zealand has been secured with new Government support. The Government is getting engines started through the Major Events Fund, a special fund to support high profile events in New Zealand that provide long-term economic, social and cultural benefits. “The Repco Supercars Championship is ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • There is no recession in NZ, economy grows nearly 1 percent in June quarter
    The economy has turned a corner with confirmation today New Zealand never was in recession and stronger than expected growth in the June quarter, Finance Minister Grant Robertson said. “The New Zealand economy is doing better than expected,” Grant Robertson said. “It’s continuing to grow, with the latest figures showing ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Highest legal protection for New Zealand’s largest freshwater springs
    The Government has accepted the Environment Court’s recommendation to give special legal protection to New Zealand’s largest freshwater springs, Te Waikoropupū Springs (also known as Pupū Springs), Environment Minister David Parker announced today.   “Te Waikoropupū Springs, near Takaka in Golden Bay, have the second clearest water in New Zealand after ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • More support for victims of migrant exploitation
    Temporary package of funding for accommodation and essential living support for victims of migrant exploitation Exploited migrant workers able to apply for a further Migrant Exploitation Protection Visa (MEPV), giving people more time to find a job Free job search assistance to get people back into work Use of 90-day ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Strong export boost as NZ economy turns corner
    An export boost is supporting New Zealand’s economy to grow, adding to signs that the economy has turned a corner and is on a stronger footing as we rebuild from Cyclone Gabrielle and lock in the benefits of multiple new trade deals, Finance Minister Grant Robertson says. “The economy is ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Funding approved for flood resilience work in Te Karaka
    The Government has approved $15 million to raise about 200 homes at risk of future flooding. More than half of this is expected to be spent in the Tairāwhiti settlement of Te Karaka, lifting about 100 homes there. “Te Karaka was badly hit during Cyclone Gabrielle when the Waipāoa River ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Further business support for cyclone-affected regions
    The Government is helping businesses recover from Cyclone Gabrielle and attract more people back into their regions. “Cyclone Gabrielle has caused considerable damage across North Island regions with impacts continuing to be felt by businesses and communities,” Economic Development Minister Barbara Edmonds said. “Building on our earlier business support, this ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • New maintenance facility at Burnham Military Camp underway
    Defence Minister Andrew Little has turned the first sod to start construction of a new Maintenance Support Facility (MSF) at Burnham Military Camp today. “This new state-of-art facility replaces Second World War-era buildings and will enable our Defence Force to better maintain and repair equipment,” Andrew Little said. “This Government ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Foreign Minister to attend United Nations General Assembly
    Foreign Minister Nanaia Mahuta will represent New Zealand at the 78th Session of the United Nations General Assembly (UNGA) in New York this week, before visiting Washington DC for further Pacific focussed meetings. Nanaia Mahuta will be in New York from Wednesday 20 September, and will participate in UNGA leaders ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Midwives’ pay equity offer reached
    Around 1,700 Te Whatu Ora employed midwives and maternity care assistants will soon vote on a proposed pay equity settlement agreed by Te Whatu Ora, the Midwifery Employee Representation and Advisory Service (MERAS) and New Zealand Nurses Association (NZNO), Minister of Health Dr Ayesha Verrall announced today. “Addressing historical pay ...
    BeehiveBy beehive.govt.nz
    2 weeks ago

  • New Zealand provides support to Morocco
    Aotearoa New Zealand will provide humanitarian support to those affected by last week’s earthquake in Morocco, Foreign Minister Nanaia Mahuta announced today. “We are making a contribution of $1 million to the International Federation of Red Cross and Red Crescent Societies (IFRC) to help meet humanitarian needs,” Nanaia Mahuta said. ...
    BeehiveBy beehive.govt.nz
    2 weeks ago

  • Government invests in West Coast’s roading resilience
    The Government is investing over $22 million across 18 projects to improve the resilience of roads in the West Coast that have been affected by recent extreme weather, Prime Minister Chris Hipkins confirmed today.  A dedicated Transport Resilience Fund has been established for early preventative works to protect the state ...
    BeehiveBy beehive.govt.nz
    2 weeks ago

  • Government invests in Greymouth’s future
    The Government has today confirmed a $2 million grant towards the regeneration of Greymouth’s CBD with construction of a new two-level commercial and public facility. “It will include a visitor facility centred around a new library. Additionally, it will include retail outlets on the ground floor, and both outdoor and ...
    BeehiveBy beehive.govt.nz
    2 weeks ago

  • Nanaia Mahuta to attend PIF Foreign Ministers’ Meeting
    Foreign Minister Nanaia Mahuta will attend the Pacific Islands Forum (PIF) Foreign Ministers’ Meeting, in Suva, Fiji alongside New Zealand’s regional counterparts. “Aotearoa New Zealand is deeply committed to working with our pacific whanau to strengthen our cooperation, and share ways to combat the challenges facing the Blue Pacific Continent,” ...
    BeehiveBy beehive.govt.nz
    2 weeks ago

  • PREFU shows no recession, growing economy, more jobs and wages ahead of inflation
    Economy to grow 2.6 percent on average over forecast period Treasury not forecasting a recession Inflation to return to the 1-3 percent target band next year Wages set to grow 4.8 percent a year over forecast period Unemployment to peak below the long-term average Fiscal Rules met - Net debt ...
    BeehiveBy beehive.govt.nz
    3 weeks ago

  • New cancer centre opens in Christchurch
    Prime Minister Chris Hipkins and Minister of Health Dr Ayesha Verrall proudly opened the Canterbury Cancer Centre in Christchurch today. The new facility is the first of its kind and was built with $6.5 million of funding from the Government’s Infrastructure Reference Group scheme for shovel-ready projects allocated in 2020. ...
    BeehiveBy beehive.govt.nz
    3 weeks ago

  • Government invests in top of the south’s roading resilience
    $12 million to improve the resilience of roads in the Nelson, Marlborough and Tasman regions Hope Bypass earmarked in draft Government Policy Statement on land transport $127 million invested in the top of the south’s roads since flooding in 2021 and 2022 The Government is investing over $12 million to ...
    BeehiveBy beehive.govt.nz
    3 weeks ago

  • New Zealanders continue to support the revitalisation of te reo as we celebrate Te Wiki o te Reo Mā...
    Ko tēnei te wiki e whakanui ana i tō tātou reo rangatira. Ko te wā tuku reo Māori, e whakanuia tahitia ai te reo ahakoa kei hea ake tēnā me tēnā o tātou, ka tū ā te Rātū te 14 o Mahuru, ā te 12 o ngā hāora i te ahiahi. ...
    BeehiveBy beehive.govt.nz
    3 weeks ago

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