Treasury articles are always interesting. Seems productivity been a problem for a very long time
Here’s one staff member’s insights
“The magic bus meets the little yellow digger”
https://treasury.govt.nz/publication...tivity-capital
Printable View
Treasury articles are always interesting. Seems productivity been a problem for a very long time
Here’s one staff member’s insights
“The magic bus meets the little yellow digger”
https://treasury.govt.nz/publication...tivity-capital
Int discussion wth XERO managing director Chris Hudson on national radio this morn.
Data on small business insight
Small business , 20 employees or less make up re 29%of gdp
Core platform data from 300,000 subscriptions analysed into 5 metrics
More and more accurate data then the govt has and it will be released every 4 months
XERO are highlighting a part of the economy that hasn't had the light of day for a long time.
Small business doing better than last year, with a 7-10% growth
Hiring over and above the national average
Month on month there is a slight slowing from a gallop to a canter but that could be seasonality, winter construction etc.
Time to being paid has improved 5.1% a very positive metric
A very different story on where business confidence is. A political football being kicked around. Small business is stable, a glass half full positivity. But this is being undermined. The gloomy perceptions being pushed by media and the opposition, putting doubt into small business minds, talking ourselves into a hole. Its actually going well and they are looking to hire more staff but because of what they are hearing through the media maybe they won't hire. talking ourselves into gloominess. false perception can become reality.
Thats what i call being traitor to your country, pushing the fake news ,like some are...
A post worthwhile of Mr Erdogan ... you should be ashamed of yourself. Anybody who disagrees with your incredible one sided views is a traitor - really?
BTW - just in case you want to open your mind ...
Have a look into the state of the construction industry. Lots of SME's. Are they doing well - really?
Have a look at transport. Lots of SME's - and they just start feeling the bite from increased petrol taxes in combination with rapidly increasing petrol prices - courtesy to a government driving our currency down.
Have a look at education - government killing off high performing charter schools and destroying jobs just to make sure the teachers unions get a still better grip to strangle and blackmail the country.
And just wait until all these pay rises come through. Ever thought who is going to pay for them? Yes, correct - another burden for SME's - either direct on the wage-list or indirect with still higher taxes.
See i what i mean a typical miserable half empty glass trying to drag everything down to his negative level and beating them with experience.
A shining example of false perception. the way a traitor thinks.
If you bothered to be open to read the above its about NEW data aboutthe 29% GDP created by small business which is doing well but being pushed into doubt by political falsehoods. Careful what you wish for.
This Twitter thread shows how bitter and twisted some are around the Beehive .....even JT would be indignant
Good for a bit of entertainment if nothing else
https://twitter.com/matthewhootonnz/...07305696354304
Matthew Hooton (@MatthewHootonNZ)
13/08/18, 7:33 PM
The Prime Minister had drinks in her office on Thursday with journalists, to explain to them how she didn't want Baby Neve to be used for political purposes. Baby Neve was then passed around the assembled journalists so each of them could have a cuddle.
Its no surprise. We have had successive governments push Working For Families, Minimum Wage, PAy Equity and the Living Wage. All this drives up wage costs - but not one single word about a need ot see those recieving thes encreases being even a tad more productive. I'd go as far as saying these policies are actually a disincentive to be more productive.
Interesting only about 50% of SMEs are cash flow positive
https://www.xero.com/nz/resources/sm...ric/cash-flow/
Thanks w69, thats the XERO stats laid out clearly for small business.
Cameron Bage..... stated 6 C risks to the economy many out of our control
Contagion risk
Currency
China
Cost of funds
Commodity prices
Confidence, the one thing we can deal with and correct where necessary.
Its a bit old, but written in positive times: 10 businesses go bust a day
https://www.pinpointbusiness.co.nz/s...sinesses-fail/
Maybe not as high as 50% running at a loss (cash flow contains capex, working capital etc) but you would be surprised at how many do or make very little real profit.
In a lot of cases it’s a person creating a job for himself and more often or not doesn’t really (or unable to) reward himself for the effort put in ...and the risk taken
SMEs (less than 20 employees) make up about 30-35% of the economy and about 35% of all employees.
It is these business that Labour appear to want to get rid off in their transition to a higher paid workforce and a more productive economy. ‘Theory’ being if an enterprise can’t afford to pay a decent living they should not be in business and the capital moved to more productive business ...or something like that Paul Eagles said when he muttered his way through an explanation of some of Labour policies.
I'd go so far as to say you are irrational. Working for families does not cost the employer, its all tax credits from the govt to the employee. Employer has nothing to do with it.
Working for families has not pushed up wages, quite the opposite, it has subsidised wages. Employees that wouldn't be able to make ends meet without it have been able to be stay in their jobs because of the handouts, instead of pushing for wage rises to cover their increasing costs of living, or buggering off to somewhere with better pay.
Pay equity is just how it should be, two employees with the same skillset and experience doing the same job should be paid the same.