Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Don’t Kill The Geese That Lay The Golden Eggs

Doom Merchants Wrong – Don’t Kill The Geese That Lay The Golden Eggs

“We must not kill the geese that lay the golden eggs,” New Zealand Employers’ Federation Chief Executive, Steve Marshall said today.

“The next government must continue the good policy work of the past few years. Any moves to repeal the Employment Contracts Act (ECA), renationalise ACC, or crank up tax rates, as some opposition parties propose, will stall economic and employment growth in its tracks.

“Reducing workplace flexibility and local co-operation and increasing costs facing the business sector is not particularly smart,” he said.

Mr Marshall was commenting on the latest Household Labour Force Survey, the official measure of employment and unemployment in New Zealand. The survey shows that we now have 26,000 more full-time jobs than last year, taking employment to the highest level ever. Unemployment has declined yet again to 6.8%.

‘The doom and gloom merchants are wrong. While still too high, New Zealand’s unemployment rate is clearly falling. It compares very favourably with many other countries’. For example Germany has an unemployment rate of 10.5%, France 11.3%, and Spain 15.9%. The rise in full-time employment shows that the economy is gaining momentum.

“We cannot afford to be complacent. My key concern now is that the gains can be so easily frittered away through politically motivated, unsound policy decisions.

“Helen Clark’s vision of 3% unemployment within 3 years would be more realistic under present policy settings – but it is hopelessly out of reach if Labour, Alliance and the Greens maintain their current policies to repeal the ECA, reverse the ACC reforms and raise taxes.

“In effect they threaten to kill the geese that are laying the golden eggs,” Mr Marshall concluded.


ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>