Labour govt 2020-23

[iceman]

Ever heard of a cat chasing its tail? Burns up a heap of energy and ends up where it started. If you want a higher income - become more productive or useful. Just helping roll the inflation wheel along the road won't do it.

I think you are wasting your time with trying to explain Economics 101 to people that believe Government enforced/created nominal pay rises will improve the lot of workers. The current lot in charge doesn't understand any of it.

[fungus pudding]

I think you are wasting your time with trying to explain Economics 101 to people that believe Government enforced pay rises will improve the lot of workers. The current lot in charge doesn't understand any of it.

You are right of course. Let them switch between moaning about their pay, then once they've driven that up, switching to moaning about the price of a can of spaghetti.

[iceman]

You are right of course. Let them switch between moaning about their pay, then once they've driven that up, switching to moaning about the price of a can of spaghetti.

Saw an interview with a wheat farmer the other day. He said fertilizer is up 70% in 12 months, fuel 40% and labour costs 15-20%. He said to expect 10-30% increase in local produce in coming months !!

[Getty]

mmm, time for some Muldoon intervention?

A wage and price freeze?

I wonder how that would 'go down"?

[fungus pudding]

mmm, time for some Muldoon intervention?

A wage and price freeze?

I wonder how that would 'go down"?

It wouldn't of course. But at least Muldoon had an excuse for his lapse into nutterism. He lost just enough marbles and truly believed he was 'an economic wizard'.
Ardern on the other hand is surrounded by MPs who never had any.

[Panda-NZ-]

Saw an interview with a wheat farmer the other day. He said fertilizer is up 70% in 12 months, fuel 40% and labour costs 15-20%. He said to expect 10-30% increase in local produce in coming months !!

What about revenue? NZ farmers are doing well.

[Panda-NZ-]

It wouldn't of course. But at least Muldoon had an excuse for his lapse into nutterism. He lost just enough marbles and truly believed he was 'an economic wizard'.
Ardern on the other hand is surrounded by MPs who never had any.

I'm afraid your views are somewhat out of date (and out of touch).

[Bill Smith]

What about revenue? NZ farmers are doing well.

Surely the point being made is that the price of wheat will rise, flour price will rise, bread price will rise and so will inflation. Only a myoptic view of economics could lead one to any other conclusion.

[fungus pudding]

Surely the point being made is that the price of wheat will rise, flour price will rise, bread price will rise and so will inflation. Only a myoptic view of economics could lead one to any other conclusion.

Not all posters operate on logic.

[Panda-NZ-]

Surely the point being made is that the price of wheat will rise, flour price will rise, bread price will rise and so will inflation. Only a myoptic view of economics could lead one to any other conclusion.

Only to go down next year as supply chains are better managed.