The first world alternatives to NZ are Australia, the EU, and US.
Each brings with it lots more regulation.
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The first world alternatives to NZ are Australia, the EU, and US.
Each brings with it lots more regulation.
Even more "coincidental" was the announcement of the change in this ridiculous traffic light system on the morning of the OCR announcement. Sadly the Government doesn't realise how stupid they look around the World, to be still be talking about **** like traffic light systems for COVID. Once again a year or so behind.
I see the RBNZ gurus mentioned that domestic factors have had an impact on inflation
Higher domestic inflation was seen as due to “both international and domestic factors”, including commodity prices and capacity pressures.
Amazing that the population probably has no idea what light is on or off.. and no longer cares.
Yeah ,shallow and political.Check the omicron case numbers and graph.And who gives a stuff what other countries are doing ,we are all at different covid progress points.
Any reason they can't just say we had the courage to act and cut the OCR .75% to .25% and we printed heaps of money and blew up the housing market, maybe this has flowed through to the wider economy, which possibly may have played a "bit part" in the inflation we are seeing.
Quite true BP longer hours don't help productivity as this article shows.
https://www.bbc.com/news/business-57724779
Four-day week 'an overwhelming success' in Iceland
Trials of a four-day week in Iceland were an "overwhelming success" and led to many workers moving to shorter hours, researchers have said.
The trials, in which workers were paid the same amount for shorter hours, took place between 2015 and 2019.
Productivity remained the same or improved in the majority of workplaces, researchers said.
Many of them moved from a 40 hour week to a 35 or 36 hour week,
This article doesn't really tell the whole story. The trial was for Government workers only and has not been implemented in private businesses. But a 36 hour working week is now the norm and after that people get overtime, in most agreements.
But it is true that productivity and real wage increases (i.e. above inflation) have been happening steadily for several years now pretty much across the board for most workers. This has been achieved through a pact signed a few years ago by all major unions, employer's associations and central Government (in the form of lowering tax rates and elimination of many fees & charges)