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CTU: Bagrie Should Join Dole Queue Himself
11 August 2006
CTU President Hopes Cameron Bagrie Joins the Unemployment Queue Himself
"If Cameron Bagrie's wishes come true I hope he himself is one of the workers that he wants to put out of a job and join the unemployment queue," CTU president Ross Wilson said today.
ANZ Chief Economist Cameron Bagrie was reported on Radio New Zealand this morning as saying that in order to curb inflation, it may be better if unemployment rises.
"I've had a gutsful of this ivory tower approach from economists at foreign owned banks talking as though they own the economy," Ross Wilson said.
"The economy is not there for its own benefit, it is there for the benefit all New Zealanders."
"There is no evidence that low unemployment is driving up inflation compared with petrol prices for instance."
"In March 2000 another major bank Westpac described 6.3% unemployment as "worryingly low". Does Cameron Bagrie share this view and want to see unemployment go up to this level?"
"These are real people Mr Bagrie is talking about. I challenge him to front up to the existing 79,000 people out of work, and explain to them why he thinks they should be joined by more people."
"We are still suffering the social effects of high unemployment from the 1980s and 1990s and the most of us have learnt the lessons from that. It's a shame Cameron Bagrie hasn't."
ENDS
New Zealand Council of Trade Unions
Te Kauae Kaimahi
The New Zealand Council of Trade Unions Te Kauae Kaimahi brings together over 350,000 New Zealand union members in 40 affiliated unions. We are the united voice for working people and their families in New Zealand.
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