Rock­star econ­omy?

Waikato Times - - COMMENT&OPINION -

We keep hear­ing about our rock­star econ­omy.

Cur­rent New Zealand debt stands at $86 bil­lion. In­ter­est is $4b per year or $135 per sec­ond. Each man woman and child owes nearly $19,000.

In 2008, debt was 5% of GDP, now it is around 30% or an in­crease of 600%.

Peo­ple say Bill English is a steady hand, at what is the ques­tion? He has steadily put more peo­ple into poverty so maybe he could work for the so­cial agen­cies that he ex­pects to look af­ter his re­jects.

How can we be ex­pected to be­lieve we have a sur­plus when we have so much debt?

Pro­duc­tiv­ity will never im­prove un­der the cur­rent em­ploy­ment sys­tem where 20 hours is classed as a job. A job should be 40 hours per week as it was a few years ago. If a per­son is work­ing only 20 hours they can only be classed as 50% pro­duc­tive. Also we can hardly ex­pect pro­duc­tiv­ity to im­prove when we only want to pay peo­ple the min­i­mum for as long as we can get away with it. I have a work­mate who has worked in the same com­pany for 30 years but is paid around only $3 more than some­one off the last flight from In­dia with no skills, loy­alty or ex­pe­ri­ence. We will train and up­skill the new New Zealan­der then he will leave for Aus­tralia as soon as he can get a New Zealand pass­port.

This is a pic­ture of a rock­star econ­omy.

Gor­don Walker


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