Labour govt 2020-23

[Logen Ninefingers]

https://www.stuff.co.nz/business/127...hoots-up-to-59

The inflation rate has jumped to 5.9 per cent, Stats NZ has reported.

Consumer prices during the three months to the end of December put the annual inflation figure at its highest level since June 1990.

National Party finance spokesman Simon Bridges said Finance Minister Grant Robertson needed to “rein in his spending to avoid adding more fuel to the inflationary fire”.

“With wage growth of only 2.4 per cent, well under half of inflation’s growth, New Zealanders are going backward. At the same time, we’ve got rising interest rates and record amounts of government spending,” he said.

[Panda-NZ-]

The jobless rate remarkably also at 30 year lows.

Jobs, Jobs and more jobs.

[Logen Ninefingers]

https://www.stuff.co.nz/national/pol...bject-nonsense

NZ’s official jobless figures are ‘abject nonsense’
Mike Yardley
05:00, Jan 25 2022

First, the good news – 21,300 fewer people in New Zealand are drawing a main benefit, compared to 12 months ago.

The Minister of Social Development is crowing about this drop in benefit numbers in the December quarterly figures from Work and Income.

Carmel Sepuloni says “the Government’s strong focus on supporting more people into work is reflected in these figures”.

However, drill down into Work and Income’s data and the wider picture is far less flattering. The quarterly fall is a drop in the bucket of the surge in benefit dependency under Labour’s watch over the past four years.

Currently, 368,172 Kiwis are the recipient of a main benefit, 11.7 per cent of the working-age population, whether it be Jobseeker Support, Sole Parent Support or Supported Living.

When Labour took office, there were 289,788 on a main benefit, or 9.7 per cent of the working-age population. The bulk of today’s beneficiaries are on Jobseeker Support, which has rocketed from 123,042 four years ago, to 187,989 today. That’s a 53 per cent increase. As a proportion of the working-age population, it has leapt from 4.1 per cent to 6.0 per cent.

[dobby41]

Where is your way?

Hamilton.
They weren't closed by the Govt for 3 weeks.
Some may have closed for other reasons (give staff a break).
My Mother got her booster on the 5th so was definitely open then (in Christchurch).
Have a look at 'ourworlddata' and you can see the boosters climbing over the 3 week period you mention.

[dobby41]

Yes that was a curious post. I noticed lots of places you could get vaccinated if you wanted to get jabbed through that Dec/Jan period referred to.

Just balance making stuff up and passing it off as a fact.
Very Trumpesque.

[Logen Ninefingers]

And it begins....

Robbo is such a student of economics that I am sure he will battle inflation by injecting even more money into the economy.
Jacinda to inflation: "Be kind!!!!"

https://www.newshub.co.nz/home/money...f-5-9-pct.html


Calls for urgent minimum wage increase as inflation hits 30-year high of 5.9 pct
2 hours ago
Ireland Hendry-Tennent

There are calls for the minimum wage to increase as annual inflation hits a 30-year high of 5.9 percent.

The increase marks the biggest annual rise since the June 1990 quarter, when annual inflation reached 7.6 percent, StatsNZ said.

New Zealand Council of Trade Unions Chief Economist Craig Renney says increasing the minimum wage is both necessary and desirable.

Renney said inflation is being driven by the price of building materials, rents and fuel. And Kiwis' wages aren't keeping up.

"What is also clear is that workers wages are not driving the current inflation changes. The latest data on wages from Stats NZ shows that 42 percent of New Zealand workers did not get a pay rise at all last year.

"More than 80 percent of workers are getting pay rises less than inflation. Overall, the Labour Cost Index shows that wages increased 2.4 percent last year. Whilst some economists may be worrying about a wage/price spiral, we have yet to see increased costs feed their way through to increased wages."

[Logen Ninefingers]

And it begins....

Robbo is such a student of economics that I am sure he will battle inflation by injecting even more money into the economy.
Jacinda to inflation: "Be kind!!!!"

https://www.newshub.co.nz/home/money...f-5-9-pct.html


Calls for urgent minimum wage increase as inflation hits 30-year high of 5.9 pct
2 hours ago
Ireland Hendry-Tennent

There are calls for the minimum wage to increase as annual inflation hits a 30-year high of 5.9 percent.

The increase marks the biggest annual rise since the June 1990 quarter, when annual inflation reached 7.6 percent, StatsNZ said.

New Zealand Council of Trade Unions Chief Economist Craig Renney says increasing the minimum wage is both necessary and desirable.

Renney said inflation is being driven by the price of building materials, rents and fuel. And Kiwis' wages aren't keeping up.

"What is also clear is that workers wages are not driving the current inflation changes. The latest data on wages from Stats NZ shows that 42 percent of New Zealand workers did not get a pay rise at all last year.

"More than 80 percent of workers are getting pay rises less than inflation. Overall, the Labour Cost Index shows that wages increased 2.4 percent last year. Whilst some economists may be worrying about a wage/price spiral, we have yet to see increased costs feed their way through to increased wages."

Whilst some economists may be worrying about a wage/price spiral, we have yet to see increased costs feed their way through to increased wages.

The NZ low wage economy:
"Boss, can I have a pay rise?"
"Certainly not, make your money out of the government run housing ponzi scheme like everyone else. We're just giving you a place to occupy your time during the day; be grateful!"

[Panda-NZ-]

Whilst some economists may be worrying about a wage/price spiral, we have yet to see increased costs feed their way through to increased wages.

The NZ low wage economy:
"Boss, can I have a pay rise?"
"Certainly not, make your money out of the government run housing ponzi scheme like everyone else. We're just giving you a place to occupy your time during the day; be grateful!"

The other side wants open borders. What do you think will happen then?

Epic wage declines combined with a higher unemployment rate.

[Balance]

Just balance making stuff up and passing it off as a fact.
Very Trumpesque.

Coming from you who regurgitates Cindy’s lies and spins like gospel truth, I treat that as a compliment as I wrote from personal observations and evidence.

[Balance]

The jobless rate remarkably also at 30 year lows.

Jobs, Jobs and more jobs.

And child poverty & homelessness at all time high - try explaining that.