Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Govt’s job creation plan now located in Australia

8 October 2012

Govt’s job creation plan now located in Australia

The National Government’s credibility on job creation is at an all-time low, due to huge job losses in the manufacturing sector and record numbers of New Zealanders moving to Australia, the Green Party said today.

Green Party Co-leader, Dr Russel Norman, today hit back at the Government’s record on job creation and the high New Zealand dollar.

“Economic Development Minister, Steven Joyce, has a plan to create new jobs; unfortunately, most of them are located in Australia,” Dr Norman said.

“The National Government’s complacency over a high New Zealand dollar is killing jobs here at home and sending New Zealanders in record numbers offshore in search of work.

“Steven Joyce says New Zealand has ‘one of the strongest economies in the OECD’ and that ‘the economy has added 57,000 jobs over the last two years’.

“However, New Zealand’s economy is not performing well compared to the rest of the world.

“Since the recession ended in 2009, the average unemployment rate in the OECD has fallen slightly (0.2 percent) while it has risen here in New Zealand by 0.8 percent.

“Looking at GDP, growth in OECD countries from June 2009 to June 2012 has averaged 6.7 percent, but has been just 3 percent in New Zealand.

“Finally, we’ve already had the debate over job numbers. Statistics NZ has said the National Government is not using an appropriate measure of job creation. According to them, 452,000 jobs were created between 2008 and 2011 while 465,000 were lost.

“This is not a job creation record to be proud of.”

The National Government have been promising to rebalance the New Zealand economy from debt and consumption to investment and exports since their first Budget in 2009.

“Under National’s economic leadership, the New Zealand dollar has reached record high levels, tens of thousands of jobs have been lost in the manufacturing sector, the current account deficit is high and widening, and overseas debt is increasing,” Dr Norman said.

"If we want a smart economy that can pay its way in the world, we are going to need to address our high and highly volatile exchange rate.

“The International Monetary Fund says the New Zealand dollar is 15% over-valued while exporters say the dollar is the number one barrier they face to grow their exports.

“Part of the solution to protecting jobs here in New Zealand has to include strategies to lower the New Zealand dollar.”

The Green Party are proposing to address the high exchange rate by giving the Reserve Bank a broader mandate to enable them to lower Official Cash Rate (OCR), manage asset bubbles, and allow them to create credit to fund the rebuilding of Christchurch and purchase assets offshore to restock the Natural Disaster Fund.

Link to Statistics New Zealand table on the barriers exporters face: http://www.greens.org.nz/misc-documents/barriers-generating-overseas-income-statistics-new-zealand-data-2007-2011

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell:
On The Greens Proposal To Gradually Lift The Minimum Wage

Heading into the election home stretch, voters have a clear choice about the best way to help low and middle income New Zealanders. They can do so by gradually lifting the minimum wage (as the Greens propose) or by a small tax cut, as the government seems about to announce.

The minimum wage boost – by 75 cents an hour to $15 in December, and then by gradual annual increments to $18 an hour by 2017 – that the Greens are talking about is just one part of a packet of employment measures that would include scrapping youth rates and the 90 day trial period, introducing a redundancy package of four weeks, offsetting any abatement effect of the policy package for those receiving Working For Families, and finally… ditching the exception made by the government (during the Hobbit negotiations) for workers in the screen industry, which denies them normal workplace safeguards and entitlements. More>>

 

Parliament Today:

2014 General Election: Voting Period Begins

The first votes for the 2014 general election will be cast today, Wednesday 3 September, as advance voting begins ahead of election day on Saturday 20 September. More>>

ALSO:

Two Dead, One Injured: Suspect Charged After Ashburton Shooting

Russell John Tully has appeared in Christchurch District Court. Tully has been remanded in custody on charges of murder of Peg Noble and Leigh Cleveland and attempted murder of Lindy Curtis. More>>

ALSO:

John Key Press Conference: Ashburton Shootings, Judith Collins Inquiry

Prime Minister John Key has delayed the release of Nationals’ fiscal policy in light of this morning’s shooting at a Work and Income office in Ashburton... Key also answered questions about Judith Collins, and confirmed that independent inquiry will be held with regard to allegations made against Collins. More>>

ALSO:

Internet MANA: Georgina Beyer Rocks The Waka

“There is now, and always will be, a range of views about many issues within our movement and members are free to express them, but Georgina’s views on Kim Dotcom are not shared by the MANA Movement leadership or the vast majority of MANA members and supporters around the country” states MANA Candidate for Waiariki, Annette Sykes. More>>

ALSO:

IGIS Update: Inquiry Into Release Of NZSIS Information

The Inquiry would be conducted in private and individuals would appear before her separately over a period of more than a week. She does not intend to name those summoned to give evidence until her report is published. “I can confirm that all persons summoned will be required to appear under oath...” More>>

ALSO:

Gordon Campbell:
On John Key’s ‘Blame It On Judith’ Strategy

Right now, Prime Minister John Key seems intent on limiting the scope of any inquiry into his government’s dealings with Cameron Slater. The declared aim is to make that inquiry solely about Judith Collins’ behavior with respect to the Serious Fraud Office. More>>

ALSO:

Maori Council Lawyers' Statement: Supreme Court Decision On Maori Water Rights

“…the Supreme Court refused to give Pouakani people what they asked for, but may have given them something much, much better instead… the Supreme Court has questioned whether the Crown owns the River at all.” More>>

ALSO:

Gordon Campbell: On The Debate, And The Collins Accusation

Debating is a peculiar discipline in that what you say is less important than how you’re saying it. Looking poised, being articulate and staying on topic generally wins the day – and on that score, Labour leader David Cunliffe won what turned out to be a bruising encounter with Prime Minister John Key last night on TVNZ. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news