Tuesday's Dawn Chorus: The escape valve
PM Chris Hipkins to chat with Australian PM Anthony Albanese about fast-tracking full residency rights to NZers in Australia; Risk/hope is it'll open 'escape valve' wider for frustrated young renters
TLDR: Employers here in Aotearoa are desperate to keep their best-trained, most-productive and most-ambitious young workers on this side of the Tasman, but there’s a growing risk (or hope?) Australia’s move to give Kiwis living there full-and-fast residency rights could open the escape valve in our political economy even wider.
Now that post-housing-cost disposable incomes are much, much bigger in Australia than here because of the diversion in CBD rents in recent years, this begs the question of why employers and businesses in New Zealand are so quiet on the issue of housing affordability. It is the Achilles heel of NZ Inc.
Paying subscribers can see more analysis and detail below the paywall fold and in the podcast above. They also received this ‘Pick o’ the links’ compilation of links to scoops and must-reads earlier this morning.
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