Written By: Marty G - Date published: 1:00 pm, August 5th, 2010 - 100 comments
Statistics NZ has just released the Household Labour Force Survey for June 2010 and it’s grim reading, with an astonishing increase in the unemployment rate from 6.0% to 6.8%.
Maori unemployment is now up to 16.4%, Pacific unemployment is at 14.1% and there’s been a 70% increase in long-term unemployment to 37,600.
The current rise of populism challenges the way we think about people’s relationship to the economy.We seem to be entering an era of populism, in which leadership in a democracy is based on preferences of the population which do not seem entirely rational nor serving their longer interests. ...
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