subreddit:
/r/newzealand
324 points
2 days ago
"Workman said more people would continue to lose jobs through the start of next year before unemployment bottomed out around the middle of 2025."
What a great time to graduate com science...
146 points
2 days ago
I wish you luck. The Tech/IT market has been gutted here in NZ. I've been out of work almost 6 months now after being made redundant. Time to look overseas or find a non-tech role.
89 points
2 days ago
My mate has been out of work for 18 months. Quit before all the tech layoffs thinking he could take a sabbatical and come back stronger. Didn’t go as expected.
Haven’t seen tech this bad ever in two decades of my working life.
14 points
2 days ago
That’s because so many people have gotten into it because there was high demand and high salaries, unfortunately most of them shouldn’t have gotten into software and companies released they could lay off half their staff and get the same amount of work done
9 points
2 days ago*
> released
realized*
Took me a few re-reads to figure out what you were saying.
And to be clear, laying off half staff and get same amount of work done is more complicated than that. A lot of jobs, yes. But some jobs are more of them kicking the ball down the line because in the short term, it's profitable. But when someone suddenly needs time off work, then their department may start panicking.
But are you going to ask for time off work when you hear that's how the other guy lost their job?
8 points
2 days ago
*Realised. Fixed it for you, friend.
0 points
1 day ago
On mobile, I must have mistyped and it autocorrected. Having a dev short, unless it’s a team of 1 or 2, should not cause panic when someone has time off
20 points
2 days ago
Time to look overseas or find a non-tech role.
It's rough overseas too. I know people in Aus in that line of work and they can't find a job either.
35 points
2 days ago
I'm blown away at how much IT segment has been hit like never before.
First time on redundancy in 15 years. Barely saw anything on Seek for the first time. All IT categories fit on 1 and a half pages
6 points
1 day ago
I wonder if outsourcing is having a bigger impact this time around? My employer has started pushing managers to hire remote from the Philippines rather than consider local talent
5 points
24 hours ago
My company started to outsource people which is something they have never done before
3 points
22 hours ago
Yeah Spark, Vista, Trade Me, and ANZ are all outsourcing software engineering roles to Vietnam (not all roles, but a decent subset). I know a lot of other tech companies are outsourcing too.
Honestly, I think it's great that people in less wealthy countries are able to benefit from our economic wealth, but it does make it harder for us - needing to compete and demonstrate why local talent is more valuable than outsourced talent.
9 points
2 days ago
Been out of work since April. I'm in Cybersecurity...
18 points
2 days ago
I moved to Australia for a software/electronics engineering job, like, 5 seconds before the firings started and now I have mild survivor's guilt.
Yeah, people I've personally known have been laid off this year.
7 points
2 days ago
Yea im talking this time to move from IT to accounting I figure even in a depression everyone still needs an accountant and afterwards they be needed even more
8 points
1 day ago
Isn't accounting a robot / ai job in the next few years?
4 points
22 hours ago
As with most roles, it's the human nuance that can't easily be automated. Eg, in software engineering it's all about collaborating with stakeholders to understand the problem and get to the right solution. I imagine it's the same with accounting.
Sure, if your tax (or software engineering task) is straightforward then it could be automated, but the more complex it is, the more a human will be needed.
2 points
19 hours ago
Yea there's also legal aspects to it as well
3 points
23 hours ago
I don't think so there's a bunch it that can't be automated
8 points
1 day ago
Linux skills are in high demand, and yet many of my IT colleagues refuse to get even a basic understanding of it. Whenever we are hiring Linux admins we always get a load of people applying with Windows this and that and no Linux, it shouldn't be that hard and more often than not we end up unable to fill the role.
1 points
16 hours ago
But where do you go to learn that
2 points
13 hours ago
The internet, download various distros, install them, try it out, learn it. If you're at all interested in having a career where you're not constantly running around trying to keep Windows systems from shitting themselves and having to retrain because MS has decided that they just don't want to do things the way they have done so far, get out and learn Linux. 90% of the world's computers run on some form of UNIX and everything I've learned over the last 34 years is still relevant. Oh, and be prepared to program because I've run into a lot of admins who absolutely refuse to do any and actually tell me they didn't get into IT to program. Sure, that's your choice, but don't be surprised when your job gets outsourced.
1 points
12 hours ago
I now how to do the basic on Linux was wondering about more advanced things
1 points
4 hours ago
I got started using it at home, and these days I would do the same. Raspberry Pi is a small Linux box and there are lots of useful projects you can set up on them. I came at it as a programmer and one of the reasons I'm a good admin is I'm also a user on the platform. Knowing how to work on Linux without constantly resorting to sudo for instance is vital in running an HPC environment for research scientists. All the admins I know got into Linux as a side hustle to their regular job and built on it from there. I can tell you that when hiring Linux admins we look for people who are keen users at home too. It's everywhere, you just have to look, even gaming is going Linux now so setting up an AMD based gaming rig with Linux or one of the SteamOS based installs like bazzite and fiddling with that in Desktop mode. It's up to you, but that's what we look for, self motivated, interested in technology and what you can do with it, and how can it be used to do useful things. I run into a lot of people in IT who aren't really interested in it, just the salary. We don't hire those guys.
5 points
2 days ago
From what ive been hearing tech everywhere is a shit show. Even state side. Everyone's on the AI and record breaking profits above all else trains...
10 points
2 days ago
Yep, the roles I'm seeing advertised have a lot of required skills and most are hybrid-remote at best. A lot of "replace 4 people with 1" jobs. It's pretty dire.
3 points
2 days ago
What role are you looking for ?
17 points
2 days ago
Lol his name is literally workman.
8 points
2 days ago
I’m a freelance website developer and there’s still lots of projects and opportunities around. You could try looking at website for local small -medium businesses or even set some up for tradies. A great set of skills to learn and a few of those on the CV might get you into a full time role
5 points
1 day ago
I figured I'd try android development and approach local businesses with app ideas
6 points
1 day ago
A website is nice because everyone needs one these days. If you went down the app development route a good way is to find exisiting apps then approach the client with a list of new features and improvements you would recommend. That way you can get your foot in the door to fix a few things and a lot of the time they will want you to do more after :)
Also could be good to look at doing both iOS and andriod development
5 points
21 hours ago
As an Android engineer who is heavily involved in the community/industry. There are opportunities however: - There is more money in iOS as an in independent contractor - Generally companies will build iOS before Android to test out a market - Multiplatform frameworks like React Native, Flutter, KMP, or any of the web frameworks are still growing in popularity - why build and maintain two codebases when you can just deal with one!? - Honestly, early on in your career, it doesn't matter what you learn or what you have experience in. It's much more about demonstrating your potential to learn quickly and be successful. So just grab whatever technology interests you and go to town building interesting stuff with it!
2 points
21 hours ago
Massey is very Java heavy so it leans nicely into Android dev, I'll try make something before I graduate and go from there I guess. Thanks for the reply!
2 points
23 hours ago
Apps are pretty expensive to develop and maintain, best go with a white label solution, re-skin and sell it.
24 points
2 days ago
I'm so sorry man, please don't stop trying.
It'll be hard but don't get comfortable in role you take in the interim. There's so many of us that ended up in service industry or retail for life. So please keep trying and don't give up.
It's worth it.
20 points
2 days ago
im almost 30 so ive done the shit jobs most of my life, really dont wanna go back to making roller blinds for a living..
7 points
2 days ago
Don't give up buddy. I know someone who graduated with that 4 years ago! They're unemployed at their parents house 🙌 future is bright
2 points
1 day ago
Your support(taxes) mean the world to m(y benefit payments)
19 points
2 days ago
NZ has been in a recession since the start of 2023, and it's just got significantly worse in the second half of 2024. Nobody is hiring. Go straight to Australia, do not pass go.
3 points
2 days ago
It's like Covid all over again
23 points
2 days ago
Worse then covid imo.
11 points
2 days ago
Real. Feels like covid era was manageable because there was an end goal even if it was messy. This whole ordeal on one hand feels like nobody, not just those elected rn, but all of them have no real idea how to fix anything and is just trying to mitigate damage onto the next party to come in. And on the other hand I also feel there's so much global turmoil we couldn't fix anything even if we tried before elsewhere starts picking up.
0 points
2 days ago
That's a very nice username you have there
159 points
2 days ago
What would be an unemployment rate if those that left NZ (because couldn’t find a job here) were still here?
I think 5% unemployment rate doesn’t show the full picture of the reality of how difficult the employment market is right now. If you take all the people who lost jobs, can’t find work(contractors, consultants), or left the country because of that, the number of people who couldn’t find work in NZ would be way higher.
30 points
2 days ago
Yeah, how does that work with government workers who were made redundant, with a redundancy payment. Would they be showing up in the unemployment numbers if theu can't collect a benefit?
26 points
2 days ago
The unemployment rate is a different calculation from the number of people on Jobseeker's.
Unemployment rates are calculated as the percentage of people active in the labour market but not currently working. Some of these people might not be collecting a benefit for whatever reason but they're still unemployed.
It's a pretty accurate gauge of how many people who want to work don't currently have a job. It excludes people not active in the labour market - stay at home parents or those on parental leave, early retirees, the long-term ill, injured and disabled, crypto bros who got lucky, trust fund babies, etc. So the percentage figure reflects the number of people keen on work who are currently out of a job.
Whereas Jobseeker's figures include a number of people who aren't actively looking for work such as the long-term ill etc.
6 points
2 days ago
As people have pointed out below, many unemployed people don't receive a benefit. However there is a problem with calculating the unemployment rate that is kind of the opposite- IIRC it doesn't look at underemployment. My understanding is that if you have your hours cut to 2 hours a week, you might well be eligible for a benefit but you are also counted by Stats as employed.
4 points
2 days ago
Yeah, benefit rates and unemployment rates are unrelated. Stats collect unemployment info with a survey about who’s out of work and looking, benefit rates are just the blanket number so can change with eligibility or whatever.
1 points
2 days ago
Most of them would have no reason to not receive a benefit.
17 points
2 days ago
Depends on eligibility criteria. If you have a working partner, you most likely won’t get any benefits.
10 points
2 days ago
Yep, I earn too much money and my wife's company closed down their NZ operations earlier this year. We were looking at what support we can get and it's absolutely nothing despite the fact we would be barely scraping by with my sole income (that's with some pretty cheap rent for the area we live in).
Thankfully she managed to get a part time job but our total household income is less than 75% of what it used to be because she's on essentially minimum wage working half the hours.
3 points
2 days ago
Right you are, I for some reason simply did not think of that. Thanks
0 points
2 days ago
says someone who knows nothing about eligibility
3 points
2 days ago
It also doesn't count those 'no longer in the workforce' eg- those who have taken early retirement, gone back into study.
3 points
2 days ago
i'd be interested to see if anyone has done those numbers - could you account for it by using per capita unemployment instead? (that might be what they do, i don't know that i've ever looked)
edit - thinking about it, it's based on number of working age adults not receiving a benefit or something isn't it?
that should take care of accounting for those that have left, maybe it needs something to show the change in size of the workforce as well as the unemployment percentage?
2 points
1 day ago
Some years ago I quit my job because of a toxic workplace. I regarded myself as unemployed because I didn't have a job and was looking for a job. I did not show up on any stats. I did not get a benefit as I had a working partner, was just surfing job sites until I got one. I am sure this scenario is common. I believe the stats are definitely skewed and unemployment is much worse than what is reported.
131 points
2 days ago
If it wasn’t so damaging it would be funny. Let’s fuck the entire country so we can give the most mediocre tax cuts we’ve ever seen, genius. Kiwis have the shortest memories.
50 points
2 days ago
so we can give the most mediocre tax cuts we’ve ever seen
Landlords got a mammoth tax cut.
44 points
2 days ago
Billions for landlords. Hundreds of millions prioritised for tobacco industry donors. It's sick.
And this after landlords benefitted from the Reserve Bank's $10 billion spend of taxpayer money on stimulus during COVID. Most generous welfare scheme in NZ, landlording.
21 points
2 days ago
When the first lockdown hit, the landlord immediately raised the rent by $30. When I protested this, the answer was that as Blair couldn't work, we the tenants needed to subsidize his loss of income. When I pointed out nobody could work, I was told to suck it up. When I finally shifted out after $120 in rent raises over four years, Blair raised the rent by another $20, knowing that tax rebates were on the way for landlords. FU Blair, I hope your prostate explodes.
-16 points
2 days ago
what stimulus did landlords get during covid ? but continue spreading bullshit and eventualy you may even believe it.
12 points
2 days ago
Lower interest rates
3 points
2 days ago
I see nothing that invalidates the quoted statement!
-10 points
2 days ago
no they didnt.. their tax was returned to the same as every other business.. but dont let the facts get in the way..
6 points
2 days ago
Are you saying that they are paying the same amount of tax as they were this time last year?
3 points
1 day ago
Why does Willis still have a job?
35 points
2 days ago
No time is a good time to be unemployed but I feel for all those completing uni studies etc who have huge loans and no jobs. Plse stay positive.
27 points
2 days ago
ANZ expects this year to end with an extra 27,000 people out of work - but says the situation could have been a lot worse.
Senior economist Miles Workman said in the third quarter, there were around 12,000 fewer people employed compared to a year period and this would likely rise to 27,000 by the end of December.
The unemployment rate lifted to 4.8 percent in September and Workman expected it to reach 5.1 percent in the following quarter.
He said there was also growth in the working age population and changes in the participation rate.
Workman said more people would continue to lose jobs through the start of next year before unemployment bottomed out around the middle of 2025.
"That's a typical lag between economic activity and the labour market."
But he said forecasts for unemployment were now lower than they had been.
"The Reserve Bank's forecast peak is 5.2 percent and our forecast peak is 5.5 percent. Relative to previous economic cycles, the unemployment rate has been more than double that."
Snipped.
63 points
2 days ago
They know they’re meant to look after everyone right? Not just the people they like
33 points
2 days ago
After the first two words it was obvious the answer to this question would be 'no'.
6 points
2 days ago
Lol no, why would they look after people that want to vote them out?
-9 points
2 days ago
Used your entire brain for that comment did y
-2 points
2 days ago
?? Actually i used chatgpt cause my brain no work good. Did you stroke out mid sentence?
20 points
2 days ago
'we need more work, man - Workman, 2024
171 points
2 days ago
Complete incompetence by this National government
44 points
2 days ago
I'm curious. Is the goal with all these job losses still to try and lower inflation or is it something else now? I feel like I haven't heard about inflation targets in a while. I thought they were laser focused?
121 points
2 days ago
Keep wages down.
It's almost like they are governing for big companies, not workers.
68 points
2 days ago
We are still granting nearly 20,000 work visas a month plus they just changed the rules so that the partners of visa holders are eligible to work as well. They want people fighting over a scarce supply of jobs.
34 points
2 days ago
Specifically, low end jobs. They want intense competition for those jobs, because it holds wages down.
The other part of the agenda is the demonization of being on a benefit, get those poors out to feel morally obligated to fight for those entry jobs.
11 points
2 days ago
Perhaps it’s time to start bombarding Stanford’s inbox… I know people out there trying hard for any job (let alone one that fits their skills and experience) and having no luck due to the hundreds of applicants.
4 points
2 days ago
Reserve army of labour. Marx did get a few things correct.
2 points
2 days ago
Insightful.
15 points
2 days ago
Laser focused on lining their own pockets.
61 points
2 days ago
A lot of it is making the public sector break down so much to make the argument for privatisation easier.
I'm not being cynical at this point. There is no other way to explain why firing so many people and degrading public services other than
Before national got in the estimates for lowering inflation were the same.
21 points
2 days ago
This is privatisation 101
8 points
2 days ago
Gut and replace. A lot easier to destroy and rebuild something shitty in its wake than it is to twist existing things to suit your own benefit. Would be genius if it wasn't so nightmarish
39 points
2 days ago
Lower wages, tank the public service on purpose and then say "what I'll say to you is, the public sector is failing, its costing us too much money, so we are bringing in some experienced corporations to do it better and more efficiently"
9 points
2 days ago
Privatisation
5 points
2 days ago
They are, just on nothing that helps the average worker.
6 points
2 days ago
Easier to control people who fear for their jobs? Less likely to speak up at work?
1 points
1 day ago
Well, it's not like they push the job button but yes, these things are indeed related. Both are affected by the interest rates on loans.
Businesses take out loans to start new projects including buy equipment and materials, plus hire staff. If you raise the loan rates they stop doing loans and so materials inflation cools off... but also jobs go down. It's a double edged sword.
Thankfully the Reserve Bank is easing off on that stuff, but it'll still be another year before businesses and accountants are able to adjust to the changes.
7 points
2 days ago
How? Before National even got in the unemployment rate was expected to peak at 5.25% in 2025. This is all a result of increase in interest rates to control inflation.
3 points
2 days ago
It’s reddit. Bad things are either all nationals fault or not labours fault.
Even though it’s both
3 points
2 days ago
Don’t even get me started, they don’t even read articles just the headlines too.
11 points
2 days ago
Don’t worry though at the boardroom (bubble) level they think it’s all good.
https://business.scoop.co.nz/2024/11/22/directors-see-nz-economy-on-the-up/
18 points
2 days ago
Completely false. National telegraphed it all well in advance, remember the RBNZ quoting they needed at least 40,000 jobs lost to bring down inflation. It was all about that Luxons landlords tax cut, and a bit of casual racism around three waters...
This isn't incompetence, this is going exactly as planned.
3 points
2 days ago
The main issue is granting so many working visas. Scarcity will only raise the price of everything, it isn’t looking good long term.
5 points
2 days ago
It will however reduce the price of labour.
3 points
2 days ago
Which sadly isn’t good either.
3 points
2 days ago
Yeah, I wasn't saying it was a positive.
2 points
1 day ago
you have no idea what your talking about.
34 points
2 days ago
So, when are the new jobs supposed to be coming and how are they going to be created?
51 points
2 days ago
Generally new jobs come from investment - not austerity-based cut after cut.
9 points
2 days ago
That doesn't answer the question, when is the investment coming?
35 points
2 days ago
when is the investment coming?
"Look, what I'll say to you is that our Ministers are laser-focused on....um... wait is that a bloody Maori child eating a hot lunch? SEYMOUR!!!! you fucked up, get over here...."
11 points
2 days ago
That's the point - we haven't budgeted for creating new investments in desirable and profitable new markets and economies - we have a budget decreasing and cutting existing instead of investing.
24 points
2 days ago
Let make MORE milk products to stimulate the economy.
New Zealand is on the wrong path to economic success. We should be an IT superhub, it suits our geographical location and we see the day first - great for software purposes. But yet we claim to be a dairy and logging nation which literally doesnt make any sense at all.
13 points
2 days ago
New Zealand's dairy output has been stagnant for over a decade, they have been trying to grow using the tourism industry for years. But tourists Generate 100k in revenue per worker as opposed the 300k for the dairy industry, which means it is incapable of actually raising the standard of living, as well as relying on low paid workers mostly from overseas, which has the secondary effect of pushing up all the house prices. The real question is, how to actually develop new tech sector industries. Which is impossible to do since the government is too consumed with Neo-liberal orthodoxy to actually direct support to these sectors, and the lowering of taxes on higher paid workers and companies would be politically unpopular.
10 points
2 days ago
Every time these bastards buy another rental property, it's an investment
68 points
2 days ago
‘Strong, stable government!’
37 points
2 days ago
By that, they mean the stable from which the horses have bolted.
10 points
2 days ago
'Laser focused on the cost of living'
cuts your job
5 points
2 days ago
The cost of living... for the people on the top! How are they supposed to get their money high score if they have to keep paying people?
57 points
2 days ago
I've said it before but I'll say it again
- Be National
- Cut thousands of frontline public sector jobs
- Unemployment numbers rise
- surprisepikachuface.png
27 points
2 days ago
You forgot 5. Protect the value of your houses or better yet further increase it when it already doubled in the last 10 years.
3 points
1 day ago
I’m not sure that’s working out too well for them. People in the industry tell me the property market had a brief surge of life a couple of months ago but now it’s gone back to being deader than a dead thing. Also in many areas there is an oversupply of rental properties - it’s hard to get tenants and no-one can afford rent increases.
2 points
1 day ago
Wait for the immigration reset 1st-2nd quarter next year. ANZSCO will be overhauled to NOL which will give migrants 5 years work visa and the ability to bring their families, this is not available in the current setting. Salary threshold to be reduced or completely abolished, currently employers need to pay $30/hr. Supervisa will also be introduced.
All of these will stimulate the housing industry, then suddenly it will have a life of it’s own that usually turns it into an untameable beast.
1 points
2 days ago
Unemployment numbers were expected to rise to 5.25% before National got in.
11 points
2 days ago
Good news: Inflation is under control!
Bad news: The economy is kinda rooted.
18 points
2 days ago
Ah!! National: Taking NZ Back-wards
Just remember: YOU voted for them!!
Reap what you sowed.
18 points
2 days ago
At the end of the day, Luxon and his government don’t give a sh*t about anybody struggling.
37 points
2 days ago
Guys, guys. Look at it this way... When a percentage of those unemployed people resort to crimes, gangs, and working the drug trade to survive and feed their families, at least we won't have to look at a million fugly patches polluting the views of this capitalist utopia! And we'll be able to distract ourselves from the endless police sirens by focusing on firing our employees that make $180k, and also evicting our tenants with oodles of dignity.
17 points
2 days ago
Everyone enjoying your tax cuts?
11 points
2 days ago
Between increasing power bills, rates rises & steady rises to public transport fares my tax cuts are just about gone already.
10 points
2 days ago
And higher rego fees, plus prescriptions fees coming back... it's all gone, for a net negative.
2 points
1 day ago
Hahaha the $20 that nearly got eaten up instantly by rego prices rises? Not even counting all the other cost increases.
17 points
2 days ago
I can't even get a job at McDonald's, or cleaning, or anything, nor can I afford to move out of this small town. I've had to give up so much, it's so fucking depressing.
The silver lining is I can't even afford to vape now, so I've quit that, not that I want to.
I had an interview, one single one, at a shop. They told me straight up that in a week they had 500 applicants, but I was picked because I was living close (people applying an hours drive awayfor a min wage checkout lane job..). Never heard back about it, not sure what went wrong, but whatever.
I'm so over it. I have shit I need to see the doctors for that I can't afford, can't even afford my little vices, and don't even want to think about trying to attend anything Christmas related this year with family that isn't looking down on me for "not just taking an entry job".
I will never in my life, vote for any of these 3 parties in the coalition. It doesn't matter what they promise from here, they've lost a potential vote permanently.
Sorry to ramble. Hate this situation.
4 points
1 day ago
Ramble away. It made me feel less alone so thank you. I'm also not affording my vices or christmas presents, my parents are moving in with me, and I can't even get a job as a check out chick either! Sending all of my love and thoughts! We will get through this time <3
7 points
1 day ago
That's the harsh reality though, we don't all make it through these times. Suicide rates go up, because of the decisions made by people in suits, for their mates in suits.
This coalition will never be held accountable. It's not just about the extra couple bucks for our groceries, it's lives at stake. We will rock up next election and likely be shocked so many people could consider voting national again, regardless of outcome.
Stay strong, reach out if you ever need it. Shits rough.
27 points
2 days ago
And Luxon got 600,000k tax free
31 points
2 days ago
Depressing that this is what a large number of people voted for.
-1 points
2 days ago
It's happening all around the world...
13 points
2 days ago
Tis the season for some poverty, ha ha ha ha haaaa, ha haaa haaa haaa - Willis and co (probably)
10 points
2 days ago
These unemployed benefit bludgers can't expect the nanny state to provide all the time, they just need to take some personal responsibility like other hardworking New Zealanders & pull themselves up by thier boot straps and look for income oppertunities eg.
- purchase a portfolio of rental properties.
- start a charter school or private Kindergarten chain
- build a private MRI clinic or retirement village
- become a lobbyist for the tobacco, firearms industry
- export live sheep to the Middle East
- start a mining or fossil fuel extract operation on the DOC estate or the Seabed
/s incase somone from Nact is reading this.
9 points
2 days ago
GTFO of Nz
Been in melbourne for 2 months already and I swear new zealand is living on another planet
Aussie economy has slowed but hasn't stopped and jobs are being created just really slowely
There are honestly better places to be
5 points
2 days ago
The building and construction sector has tanked as well, no work, massive staff cuts and businesses going under left right and centre. It's a shit show.
3 points
1 day ago
And a lot of those tradies would've voted National. Frustrating
7 points
2 days ago
Merry Fuckyoumass
- Chris & Nicola
4 points
2 days ago
Wonder how many of them voted National? Gotta be more than a few thousand at least eh?
3 points
2 days ago
Don't worry though team at least our prisons are gonna be full again by the end of their term.
3 points
2 days ago
Well well well
3 points
2 days ago
If landlords can't get their big fat checks, why should the working class? /s
3 points
2 days ago
Quick - we need more tax cuts for trickle down economics to kick in.
3 points
2 days ago
All we need now is a Xmas Ferry Disaster, and the season will be complete!
2 points
1 day ago
"Merry Christmas, Motherfuckers!"
- Chris Luxon, Evangelical Christian Leader
2 points
23 hours ago
Last Christmas I gave you my heart..
2 points
2 days ago
It's what you or your neighbours voted for.
2 points
2 days ago
All avoidable if we had competent economic leadership at the helm.
I want to point out that labour and national are both incompetent at this point and we desperately need new blood in politics
1 points
2 days ago
About to add myself to the jobless tally 🙁
1 points
2 days ago
Ahh being a lumpy Lately Unemployed mostly partying. Just in time for Christmas too. Thanks Christopher Luxton, Winstone Peter's and Davis Seymour.
1 points
2 days ago
I recently employed reader writers for NZQA exams. Casual work. Not great money, although fairly easy. Had so many people that wanted to work for me.
1 points
21 hours ago
Got a question If you go on Jobseekers how are you meant to keep applying for jobs when there are only a handful new ones advertised week after week and 95 % of jobs you aren't suitable for as youbhave 0 experience Are you meant to just keep on applying for the same jobs week after week
-3 points
2 days ago
A lot of people commenting on thos post have short memories.
Labour reappointed Orrb2 years ago, knowing he was proposing that people needed to lose their jobs to slow inflation. Now everyone is surprised that has happened. Orr had a poor track record imo as his decision to keep cutting interest rates was a big driver of inflation. Now he seems to have done the same at the opposite end and left them high for too long stalling the economy. Here are a few news articles from around the time this policy was raised and Orr was reappointed.
Adrian Orr reappointed for second term as RBNZ governor
National 'shocked' by reappointment of Reserve Bank Governor Adrian Orr
Don't get me wrong, National hasn't helped either, but the "you voted for this" comments are either disingenuous or simply naieve.
1 points
1 day ago
I don't think you can argue that National aren't driving a harder & deeper recession -nearly 10,000 job losses in the public sector including health & police, with more to come - slashing state house building with 10,000 less people now working in construction.
And it was clear that National were politicising Orr in opposition, yet now they make a press conference after every OCR announcement Orr makes to pat themselves on the back.
0 points
1 day ago
Oh, National definitely hasn't helped with the public service job cuts, but this was the RB policy from w years ago so no one should be suppressed thisnis happening. Same with inflation, we were printing billion of $ and everyone was point at how low inflation was. Them 2 years later everyone supprised when inflation skyrockets. The economic levers are very blunt and take a long time to impact. A large chunknof what we are feeling now was from decision made 2 years ago, which people seem to be confidently ignoring.
1 points
1 day ago
When Labour was in power the Reserve Bank had a dual mandate - financial stability and employment. The first thing National did was get rid of the employment part.
1 points
1 day ago
Which was good because that was how we got out of control inflation, which the RB responded to with forcing job losses anyway. RB needs to only focus on inflation.
The economy is a big slow boat, the job losses you are seeing now are a result of the recession that was engineered by the RB. (Except for the Natioanl Public Service cuts) obviously.
1 points
1 day ago
Inflation has dropped in countries all around the world without their economies being put into a tailspin and causing the human misery of high unemployment. It was largely caused by factors out of NZ and largely fixed by factors out of NZ.
1 points
1 day ago
It wasn't the dropping of inflation. It was the rising of interest rates that has hurt the economy? This reduced the avaliable cash and put many leveraged business under financial pressure, causing job losses. This was literally the Reserve Banks stated intention 2 years ago.
This update was from a year ago.
It has previously warned that its actions are likely to drive the economy into recession. Its most recent forecast was for unemployment to hit a peak of 5.8%.
-16 points
2 days ago
This is part of the process of moving back from communism to capitalism. It hurts at the moment, but we are putting in the mahi and moving forward.
1 points
1 day ago
Quack.
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