Try and understand the concept of inflation.
Politics 🗳️ NZ Politics
- Thread starter wizard of Tauranga
- Start date
You have no idea what I do for a living.
It's a bit like the extra police promised - if it takes three years in wont have kept up with population growth so will effectively be a cut.
Regarding education standards while I agree with you I would make the point that 20 years ago the parenting standards were also higher.
- Thread starter
- #5,465
The minimum wage is going up 2%. Right in the middle of the 1-3% target band for inflation.
Household living costs increase 7.0 percent
Household living costs increase 7.0 percent | Stats NZ
The cost of living for the average New Zealand household increased 7.0 percent in the 12 months to the December 2023 quarter.
www.stats.govt.nz
- Thread starter
- #5,467
The right is those that live in the real world of personal responsibility, conservatism, financial responsibility and outcomes. Everyone’s equal and law, democracy and freedom are our founding principles.
The left is whoever’s left tricked by fairy dust, light rail, cycle bridges, Kiwibuild and privilege based on race.
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- Thread starter
- #5,468
Yep, and increasing wages above the target range just creates a self fulfilling spiral of domestic inflation.Household living costs increase 7.0 percent
Household living costs increase 7.0 percent | Stats NZ
The cost of living for the average New Zealand household increased 7.0 percent in the 12 months to the December 2023 quarter.
I appreciate a government that will do what’s right not what’s populist.
Remind me again how minimum wage employees are heaps better off after having the minimum wages increasing significantly above inflation for the past 6 years? Must be above the living wage by now? We have fixed homelessness or poverty?
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And I don’t care. However blowing your own trumpet on a forum about your pay is compensating for something.
Wages are all the inflation now? The minimum wage should be banded to actual inflation, so people earning the minimum aren't going backwards. Not the imaginary number we 'hope' to get to.
Freedom is not a function of conservatism.
Traditional values and fear of change are not conducive to free thought, action, or social advancement.
Take our Prime minister. He describes himself as a 'soft republican' yet cannot foresee change under his Govt nor in his life time'.
To be fair to Luxon, he is just a product of colonial conservative dogma, 'god king then country'.
Personally I admire Luxon for being honest, he does not agree with the monarchy being head of state here (because patently King Charles as our figure head is ridiculous) yet his conservative leanings do not allow him to act on his instincts.
Conservatives like Luxon are trapped in their own programming. Freedom and democracy you say.
I won't attack Luxon's religious views, although they are relevant to a discussion about free thought and potential conflicts of interest as a leader, however I respect his right/his freedom to hold those views.
Yes, we conquered all of the societal ills of poverty and homelessness, mostly perpetuated by high rent and the cost of housing - all by increasing the minimum wage... what a fuckhead.Yep, and increasing wages above the target range just creates a self fulfilling spiral of domestic inflation.
I appreciate a government that will do what’s right not what’s populist.
Remind me again how minimum wage employees are heaps better off after having the minimum wages increasing significantly above inflation for the past 6 years? Must be above the living wage by now? We have fixed homelessness or poverty?
Broken clock and all that.. Laws is right in terms that both sides of politics are to blame.
View: https://x.com/theplatform_nz/status/1752859311255199941?s=46&t=N6rrXot3pBpvv2hdvhmStw
View: https://x.com/theplatform_nz/status/1752859311255199941?s=46&t=N6rrXot3pBpvv2hdvhmStw
- Thread starter
- #5,474
Well, your figures were for last year (historic now) and the minimum wage changes are for next year, which we don’t have inflation figures for.
But the inflation target is 1-3% so that would be an appropriate forward facing goal?
- Thread starter
- #5,475
You honestly don’t get the link between getting ahead based on productivity vs ‘it’s hard out there so we will just pay everyone more’
One way fixes the underlying problem, the other is feel good propaganda that evidence shows hasn’t worked because it can’t.
And I accept it isn’t just the minimum wage - all cost drivers including all wage earners (nurses, teachers, private employees, etc) should expect pay rises within the inflation band. Don’t turn this into a ‘he just wants to punish the poor’.
dean
🦋
While I agree that poverty and homelessness are exacerbated by the cost of housing the other factor is the lack of education and the expectation that somehow many are not responsible for the decisions they make.
Noitall
👤
If the bank has deemed the loan serviceable, they’re unlikely to be living on the breadline though.
Noitall
👤
Who made those founding principles?
dean
🦋
Banks love lending money secured against property. The figures might stack up on paper but in the real world there are maintenance issues that come up, vacancies and cost increases for rates, insurance etc. It takes quite a few years for small investors to show a return, with the exception of the last ten years, especially the crazy covid house inflation period.
- Thread starter
- #5,480
You wanted my definition so thats what I think it is.
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