Jobs and wages data set to show unemployment falling to as low as 2.8% and firm wage growth, although still less than CPI inflation; Pressure growing to pull migration lever, sooner or later
The unemployment measure is just so false. It ignores so many workers. Take me: - I stopped working at 62 but was never counted as unemployed. And how many part-timers want more work but aren't offered it. Is a gig-worker under-employed or ignored because they are 'self-employed'?
And how do you count those back-packers employers want?
We need a more accurate measure - say 'In Work' which quotes a number that is comparable to the total population, but it may be too difficult to calculate. How do you count the Regional Seasonal Employees, backpackers, part-timers, etc?
The ECB is just printing money to keep the Italian gov't afloat. And I suppose the other 19 have a vested interest in not wanting to use an economic (as opposed to a political) reason to replace Italy with the current number 21.
Just checked Wikipedia and the G20 are the those with the highest trade, and has no interest in anything other than that. So it includes Argentina, South Africa and Brazil.
The performance of the country's government is irrelevant so I guess Italy gets to stay.
Aug 1, 2022·edited Aug 1, 2022Liked by Bernard Hickey
Did Stats NZ collect any data on how many people retired? The largest cohort of humans in history to retire will be during the 2020s & there's simply less people to take their place, especially Zoomers which are now entering the workforce.
Globally there's worker shortages, so just wondering if a whole heap of people retiring (either because they've come of retirement age, or because they need to be Covid cautious, or in some cases because they died) is a factor? And can NZ expect more retirees holidaying but less backpackers to fill the tourism jobs, for those same reasons?
Also as Steve mentioned below, is the casualisation of the workforce accurately factored in to the stats as well?
Not necessarily asking you these questions Bernard, just putting them out there :)
I’m just advised that energy prices and petrol prices have more than taken up the winter energy payments.
Energy needs to be renationalised in the National and security interests and provided at coast plus loans or grants provided to convert households to independent solar power and other clean fuel heating.
Everywhere in the world energy costs are pushing people into dangerous situations with this unjustified price gouging which for the most part we’re built and paid for by previous generations.
Not doing do is negligent of any Government just as not providing these payments to beneficiaries and the poorest is discriminatory in the extreme.
Real wages are still suppressed though. If business needs more workers try above inflation wage increases
This witness does not perform well under cross examination.
https://youtu.be/H1saq0E0l9E
Jack Tame interviews Ardern on Q+A yesterday. Worth watching.
What is the problem with "a serious military conflict
Death, destruction, horror, suffering, trauma....nope, the real issue is that it cause "..global trade disruptions".
The unemployment measure is just so false. It ignores so many workers. Take me: - I stopped working at 62 but was never counted as unemployed. And how many part-timers want more work but aren't offered it. Is a gig-worker under-employed or ignored because they are 'self-employed'?
And how do you count those back-packers employers want?
We need a more accurate measure - say 'In Work' which quotes a number that is comparable to the total population, but it may be too difficult to calculate. How do you count the Regional Seasonal Employees, backpackers, part-timers, etc?
I can't wait for Friday's Ask Me Anything.
Should Italy still be in the G20?
The ECB is just printing money to keep the Italian gov't afloat. And I suppose the other 19 have a vested interest in not wanting to use an economic (as opposed to a political) reason to replace Italy with the current number 21.
Just checked Wikipedia and the G20 are the those with the highest trade, and has no interest in anything other than that. So it includes Argentina, South Africa and Brazil.
The performance of the country's government is irrelevant so I guess Italy gets to stay.
Did Stats NZ collect any data on how many people retired? The largest cohort of humans in history to retire will be during the 2020s & there's simply less people to take their place, especially Zoomers which are now entering the workforce.
Globally there's worker shortages, so just wondering if a whole heap of people retiring (either because they've come of retirement age, or because they need to be Covid cautious, or in some cases because they died) is a factor? And can NZ expect more retirees holidaying but less backpackers to fill the tourism jobs, for those same reasons?
Also as Steve mentioned below, is the casualisation of the workforce accurately factored in to the stats as well?
Not necessarily asking you these questions Bernard, just putting them out there :)
Off topic but on topic for our concerns.
Why does it seem that only comedians speak or see the truth?
Caution contains use of the F word
https://m.youtube.com/watch?v=HB97iwcm_Qc
I’m just advised that energy prices and petrol prices have more than taken up the winter energy payments.
Energy needs to be renationalised in the National and security interests and provided at coast plus loans or grants provided to convert households to independent solar power and other clean fuel heating.
Everywhere in the world energy costs are pushing people into dangerous situations with this unjustified price gouging which for the most part we’re built and paid for by previous generations.
Not doing do is negligent of any Government just as not providing these payments to beneficiaries and the poorest is discriminatory in the extreme.
HI Bernard
I have a subscription to The Kaka which I love
Keen to get my 12yr old set up with his own direct sub - can you help please, I'm having no joy on the website at the moment...
Thanks
Tom