A drop in currency value is a Short Term Fix only JB ..Over the long term a persistant low currency reduces export quantities over time due to less competiveness and production...less work comes in for exporters and you are eventually made redundant..
Anyway..what percent of the working population get a pay rise every time the NZ dollar drops...1 % , 2%, ..?...Often when the NZ drops severely enough as in your example(95c to 80c) you and many others your profession would get a great pay rise but I would reckon more numbers in other professions would lose their jobs entirely and the unemployment rate rises...At 94c it cant be all that bad JB it sounds like you still have a job :D.
I reckon over time (the long term) a high currency is far far better for everyone than a low currency...So why is it that everyone is brainwashed into thinking a Country should have a drop in currency to perform better and make everyones assets suddenly of less value?? The logic is wrong.. its short sighted thinking.
Still Don't beleive me... OK..
I googled
this website economics made simple..
quote..."
Long Term Factors In the long term, a country may boost productivity and competitiveness, this would create jobs and increase demand for exports. This would also help reduce unemployment and strengthen the exchange rate.
High unemployment may be caused by a lack of competitiveness which reduces the value of the exchange rate over time.