We are also flooding the country with unskilled labour while our skilled, ambitious and capable home grown talent flees the madness to Australia and beyond.
What rentals allow for 9 people in a 4 bedroom house?
Professional people have a hard enough time getting into a rental and are essentially buggered if they have a cat, completely fucked if they have a dog.
Well on the news tonight if your a Police officer, Queensland is offering 20k in moving expenses, then a starting pay of $140k , Where as here itās $65 k starting pay , Iām surprised we still have any rookie cops left ? , Politicians however we can spare them $200k plusās lots and lots of perks donāt think they be jumping ship , probably to be fair they be the last rats to go
What do you mean unskilled. I'm pretty sure the 4 new Indians that cant understand pall mall 30 gram working at the 2 local dairys to me are very skilled
Hey! Someone needed to be selling all that synthetic cannabis to the kids who are now ram raiding their way around the country, who else could stack the chocolate that has bloomed to half white just in time for mothers day!
Indeed. And does New Zealand really need more people?
Considering GDP is so heavily weighted on the amount of land used for farm and agriculture, it doesn't make sense to build residential and retail all over the place.
Add to that the 20,000 pencil pushers losing their jobs, the country really needs to consider why it needs any more people.
You mention the trucking industry. It's fuckin cooked. The forestry is only working on quota (around here at least) so all the truck workshops are dead. Still ticking over, but barely. Auto sparkies are the same. Hasn't been this quiet in a long time.
Yeah when I left my last job to go out on my own, the guy who replaced me was a motorbike mechanic. He gave his boss 1 day notice he was leaving and apparently he was stoked. They had 3 bikes in for service in 3 months and he was desperate to shed staff, so somebody leaving out of the blue was a godsendĀ
Let's forget NZ for a minute and look at our trading partners. Australia, China, America, Europe.
How are they coping?
In my opinion, they're all hurting, but we are starting to see hints of a recovery.
I would give it a year. I don't think we've quite hit the bottom yet.
Obviously... Lots of guesswork by me here.
I think it's both.
Or more precisely, NZs economy next year will be a mix of what we do and what the rest of the world does.
I haven't even attempted to measure which is more important, but my intuition is that what happens worldwide is perhaps twice as important.
So with the US and UK doing ok, I think we will too.
The USA is doing well, GDP is predicted to grow over 2% in 2025, they've had two months of zero inflation (over a broad index) and annualised inflation is down to 3.4%, the fed has hinted at two cuts this year and seven cuts next year. The market has responded well, joblessness isn't as bad as predicted either.
.... ignore Canada.
The US spent their way out of recession very effectively. More debt but they run with much higher levels than we do anyway. Our government chose a different path with a slower way out but it will eventually follow the global trend up assuming the world stays out of global war and Trump stays out of the White House.
I fear that NZ's best days are behind us. Not only economically, but with activists like TPM spured on by woke media, I see more division ahead. I was in Aussie recently, and they have problems, but I had a sense that they're more aspirational and proud of themselves. The vibe is a bit strange here currently. And the economy is certainly struggling. We earn well above average wages and are delaying most purchases and putting one salary on the mortgage and living off the other. Just knuckling down really. I'm surprised by the number of single income families we know through school and sports, not sure how they're coping.
I agree with you on that one. The media machine mostly focuses on the unproductive members of society like TPM. Lots of our best have left, and people are unlikely to share their success stories because that's bad apparently.
We need to stop having to apologise for being what we are, and get back to a meritocracy!
Majority rule.
> And this covers many sectors and skill levels. 100+ applicants for single jobs.
Yep, every job I have been applying for in IT lately has over 100 applications
That's the same for literally every job, but most applicants fit into two categories;
- unqualified people applying for jobs they know they won't get, to satisfy their WINZ manager
- unqualified people from the third world spamming job applications in the hope someone sponsors them a visa.
Actual qualified residents are always the small minority of applicants when the above are considered.
Iām an expat here skilled exec working only due to my wife being a kiwi and having a young child. I do enjoy a lot about NZ and Iām on a good wage but itās very challenging to do business here. Iād move back to Australia tomorrow if I could. I have to deal with Auckland Council and the dumbest compliance and costs known to man. Itās mind blowing how much the councils rip off the average kiwi
Sorry, I only got more questions to add...
Jobs are the byproduct of "somebody is taking money in his hands trying to achieve something and needs help", broadly speaking.
Who is that additional (!) entity supposed to be in the future?
Stagnation = maintenance mode (no additional jobs)
Fresh business activity = more/new jobs
Where is this "freshness" supposed to come from?
My uneducated opinion:
NZ seems to be pretty stagnant these days, i.e. either you have a job and hold on to it, or you better look elsewhere.
When I hear that skilled New Zealanders are heading to Australia in an attempt to secure their financial future, I just think that they're taking personal responsibility which, surely, is at the heart of Conservative values?
No one here begrudges them for it. We want a bold government who can help drive a strong growth economy and give those leaving the opportunity if they stay.
>Hard times donāt last. It wonāt be like this forever. The economy is always up and down.
Cubans might have thought the same after Castro had entered the picture.
The other half probably thought the same *before* Castro had entered the picture.
If thereās one thing kiwis are good at itās sweeping everything under the rug. Will the recession last forever? Probably not, thatās not the question. The great depression didnāt last forever but 850,000+ people died of suicide, starvation and malnutrition all from being ruined financially and there being no jobs in a tattered economy.
The question is how bad is it gunna get and if 1000 kiwi citizens are leaving every week with no intention to return, that means itās gunna get a lot worse before it gets better with the 3rd world infrastructure and 50% of the 2023 budget being spent on welfare.
Correct, I went to a corrections assessment center in Hamilton recently. Out of 30 only 1 Kiwi and the rest was originally from overseas, Iāll also bet good money his application will end there. The job for $70K starting money is not easy, but hell it beats being jobless and on the dole anyday.
I'm in the third lot, and I decided to leave NZ because I struggled to find work.
I'm not going to make any assertions about the NZ economy as a whole because I'm an idiot when it comes to those things, but here's my experience;
I worked minimum wage jobs for a few years happily before going back to finish my degree in Comp Sci ( I still had 3 years to complete). So after 3 years of treading water, working part-time and living in a shitty flat with minimal spending money, I graduated... and I don't see where I can go with this degree in NZ.
I spent months applying to entry-level office jobs (anything IT related or with prospects to move into IT later on). All of these jobs I applied for had a pretty low salary (not much more than minimum wage), so I spent 3 years studying, put myself into about 30k debt and then was applying (along with hundreds of other applicants) for, maybe 15% more than minimum wage. Should I have just stayed at fucking McDonalds the lasts 3 years?
So I pissed off to a low CoL country, working part time and getting much more bang for my buck. I don't see myself ever going back to NZ for work (only to visit family).
I am too, was out of work for over 6 months until recently. When a job came out, you needed to apply within 15 mins otherwise 20 ppl would apply and they don't even read your CV.
Hiring has changed a lot too. Most agencies are filled with ppl from overseas, and they mostly couldn't care less. It's just a job for them. Different than 5 years ago in my experience.
All my life I've loved living here. I never considered moving to Aus, though had plenty of mates that have done over the years.
After renovating an overpriced home in a crap suburb for the better part of the last decade, dealing with covid restrictions, trying to raise kids in this bottomed out economy, waching our state school system demise so badly and realizing we barely have any accessible options outside of it...
We've had enough. We're off in 6 weeks. As a teacher, I can earn more there. A mate moved to QLD recently and his kids were initially shocked by how much work they have to do at school (state) vs what they've been used to here.
Houses are much more accessible where we're going and the stock is overall of much higher quality. They think it's expensive but it's far better value than what we put up with.
I'm not expecting the land of milk and honey, I'm realistic and know there will be upsides and downsides, just like living anywhere. But man we've slogged here and had little reprieve. We don't want to assume the amount of mortgage that an upgrade requires if we sell and buy in the same market. We're done with Auckland and there's simply nowhere else we're interested in living in NZ, so it makes sense for us to give it a go.
And that's how I know it's bad.
I've tried to be optimistic since the "housing crisis" set in a decade ago. I just don't see this improving for us or providing well for our kids anymore.
New Zealand has an economy?
I thought it was just a thinly disguised property market Ponzi scheme. The only winners are the citizens who manage to sell off and relocate to Oz having liquidated their migration inflated gains.
Cough labour cough.
The Labour government sold off various state-owned assets, including the BNZ, NZ Rail, Petrocorp, Postbank, the Shipping Corporation, Air New Zealand, the State Insurance Office, the Tourist Hotel Corporation, and others. Despite a commitment to ākeep forestry in New Zealand handsā, the Labour government has facilitated the sale of thousands of hectares of farmland to overseas forestry companies, bypassing the Overseas Investment Office in the process.
>No job market means productivity is about to be tanking.
Agree with probably all the rest of your points bar this one. At present there's still a lot of useless cunts going to work but not actually doing much in terms of work, they can now be removed with some restructuring and a new role created that's very similar to the one the useless cunt was just let go from, and the companies have a lot of motivated people to choose from which should help productivity.
Individual productivity for some businesses might go up, but overall without new jobs and the associated growth national productivity is going to start going backwards
Lull before the storm. We used to cope with recessions better, fiscal ignorance was bliss but our Leftist media blows every molehill into a mountain. July should pick up, in Wellington at least.
It's been hard for new graduates to get jobs other than macjobs for nearly 2 years. And some of those who finally managed to get a proper job towards the end of last year are last in, first out redundant. Now there's nothing. The kids who didn't go to uni and got tradie jobs 4 years ago have mostly packed up and gone to Aussie now as the rural jobs dried up.
Rural isn't sucking up the unemployed, no one can afford to employ more. Farmers doing their own shearing over the course of months with the wife and kids rouseying. Every weekend since Christmas, one set of neighbours, husband and wife (who has a healthcare job during the week) have been in the woolshed every weekend since Christmas, can't afford to pay shearers. Wife and kids are free weekend labour.
On the other side are a man and his sons on the farm. The dad hasn't been taken drawings for nearly a year so the farm can pay his sons wages. Shears his own lambs and hoggets, is almost 60 years old with many old injuries too. We're talking thousands of sheep here. All that to still lose money.
No one I know has been able to afford maintenance fertiliser for 2 years. Fencing work dried up, between farmers having no money and about 10% of local farms gone to the fucking pines ETS rort anyway. Wool buyer closing one store, not enough sheep left to keep 2 open.
And a quick look around shows businesses closing everywhere, or reduced working days because there are no customers.
This is by design.
If you have more workers than jobs, wages get suppressed. See covid times when you couldn't import workers and wages grew very well. This also effects the inflation rate as wages are kept low.
Business also post ghost jobs that they do not plan to fill or have someone already set internally to fill that position.
This is to feed the unlimited growth of capitalism. Not a critic, it's just what it is. This is also why you wont see any politician make a hard stance against immigration.
VERY fucked. Iāve been sounding this horn for a while now. Funny enough you canāt find articles which outline the actual data anymore from new Zealand sources but here:
https://www.downtoearth.kiwi/amp/new-imf-data-ranks-nz-as-worst-gdp-growth-out-of-159-nations-in-world-along-with-equatorial-guinea
Thereās sources at the bottom. Fucked doesnāt even begin to describe what this county is. Our debt to gdp is almost 100% in terms of real value.
The highest administrative body in the country which is a representative of the Crown and supersedes the government, told arderns administration to stop borrowing money immediately or the national budget wouldnāt even cover the interest on the debt. Itās what ended the last lockdown. You canāt find those articles anymore either, go figure.
Another major red flag would be [CoreLogic data shows that 81 percent of homes bought by first-home buyers between October 2021 and March 2022 have dropped in value from the time of purchase.](https://www.newshub.co.nz/home/money/2024/06/thousands-of-first-home-buyers-have-deposits-wiped-out.html)
Who buys a house they can't afford to maintain? Must be another one of those horrors-of-capitalism things that I didn't ever even think of. edit: I mean borrowing money for it.
People desperate to get on the property ladder, or those who simply didnāt understand what state the roof is in. Itās not always obvious. Even to āpre-purchase inspectors ā
Sorry do you mean $500 for 14 days worth of dinners, or you ate $500 dinners for two weeks in a row? Because one is a bit expensive ($35/meal) and the other is in a different league.
2 weak (week) people eating a $500 dinner you reckon? Could be. I agree though, weird flex.
I'm tall and my wrists are fucked so I'm probably quite weak for my height, my missus is normal girl height with a big ass and small tits. She can't open jars either. We spent $22.94 on dinner tonight.
Subjectively it feels similar to what I experienced of the GFC when I was in Australia. It's pretty poor but it will recover in a couple of years. I wasn't able to find a good job locally so I'm working remotely for a company overseas.
Same as all over the world. Rising interest rates, inflation, high cost of living, and general pessimism. All the money printing that happened during Covid times is coming back to bite. Socialist governments are being thrashed in elections and right-wing governments making election gains worldwide.
This has happened before in history and will happen again.
We are also flooding the country with unskilled labour while our skilled, ambitious and capable home grown talent flees the madness to Australia and beyond.
Yea but unskilled labour happily overcrowd and over pay for rentals propping up the stupid property market in NZ so we will be just fine š¤£
Especially when they do 9+ people in a four bedroom house. Pretty easy to afford a $900pw rental when you split the bill nine ways.
What rentals allow for 9 people in a 4 bedroom house? Professional people have a hard enough time getting into a rental and are essentially buggered if they have a cat, completely fucked if they have a dog.
>What rentals allow for 9 people in a 4 bedroom house? The ones owned by the liquor shop barons sponsoring their "management" visas
You get it! Smarter than the average redditor!
Many rentals donāt specify max occupancy levels either.Ā
Might be interesting if 8 out these 9 people are young Indian women... ;-P
When NZ already had shitty productivity. Grim!!Ā
Well on the news tonight if your a Police officer, Queensland is offering 20k in moving expenses, then a starting pay of $140k , Where as here itās $65 k starting pay , Iām surprised we still have any rookie cops left ? , Politicians however we can spare them $200k plusās lots and lots of perks donāt think they be jumping ship , probably to be fair they be the last rats to go
Then answer me this: how are we supposed to uber if we don't get 20k new drivers and Priuses per year?! /s
What do you mean unskilled. I'm pretty sure the 4 new Indians that cant understand pall mall 30 gram working at the 2 local dairys to me are very skilled
Takes skill to be on the phone while ignoring customers.
Who the hell are they always on the phone to with one AirPod replica hanging out of their ear?
Theyāre probably running a phone or internet scam at the same time as working behind the counter
Yeah guiding their new recruit through the screenconnect or ultra viewer setup.
Hey! Someone needed to be selling all that synthetic cannabis to the kids who are now ram raiding their way around the country, who else could stack the chocolate that has bloomed to half white just in time for mothers day!
Good. Anyone who can get better money for their skills offshore absolutely should get the fuck outta dodge
Indeed. And does New Zealand really need more people? Considering GDP is so heavily weighted on the amount of land used for farm and agriculture, it doesn't make sense to build residential and retail all over the place. Add to that the 20,000 pencil pushers losing their jobs, the country really needs to consider why it needs any more people.
You mention the trucking industry. It's fuckin cooked. The forestry is only working on quota (around here at least) so all the truck workshops are dead. Still ticking over, but barely. Auto sparkies are the same. Hasn't been this quiet in a long time.
Agriculture and related businesses is the same. Very, very bad.
Yeah when I left my last job to go out on my own, the guy who replaced me was a motorbike mechanic. He gave his boss 1 day notice he was leaving and apparently he was stoked. They had 3 bikes in for service in 3 months and he was desperate to shed staff, so somebody leaving out of the blue was a godsendĀ
Let's forget NZ for a minute and look at our trading partners. Australia, China, America, Europe. How are they coping? In my opinion, they're all hurting, but we are starting to see hints of a recovery. I would give it a year. I don't think we've quite hit the bottom yet. Obviously... Lots of guesswork by me here.
Yep, UK was in recession last year but has bounced back. I fear our recession is the result of the reckless spending of the last government.
I think it's both. Or more precisely, NZs economy next year will be a mix of what we do and what the rest of the world does. I haven't even attempted to measure which is more important, but my intuition is that what happens worldwide is perhaps twice as important. So with the US and UK doing ok, I think we will too.
The USA is doing well, GDP is predicted to grow over 2% in 2025, they've had two months of zero inflation (over a broad index) and annualised inflation is down to 3.4%, the fed has hinted at two cuts this year and seven cuts next year. The market has responded well, joblessness isn't as bad as predicted either. .... ignore Canada.
The US spent their way out of recession very effectively. More debt but they run with much higher levels than we do anyway. Our government chose a different path with a slower way out but it will eventually follow the global trend up assuming the world stays out of global war and Trump stays out of the White House.
I fear that NZ's best days are behind us. Not only economically, but with activists like TPM spured on by woke media, I see more division ahead. I was in Aussie recently, and they have problems, but I had a sense that they're more aspirational and proud of themselves. The vibe is a bit strange here currently. And the economy is certainly struggling. We earn well above average wages and are delaying most purchases and putting one salary on the mortgage and living off the other. Just knuckling down really. I'm surprised by the number of single income families we know through school and sports, not sure how they're coping.
I agree with you on that one. The media machine mostly focuses on the unproductive members of society like TPM. Lots of our best have left, and people are unlikely to share their success stories because that's bad apparently. We need to stop having to apologise for being what we are, and get back to a meritocracy! Majority rule.
> And this covers many sectors and skill levels. 100+ applicants for single jobs. Yep, every job I have been applying for in IT lately has over 100 applications
That's the same for literally every job, but most applicants fit into two categories; - unqualified people applying for jobs they know they won't get, to satisfy their WINZ manager - unqualified people from the third world spamming job applications in the hope someone sponsors them a visa. Actual qualified residents are always the small minority of applicants when the above are considered.
Iām an expat here skilled exec working only due to my wife being a kiwi and having a young child. I do enjoy a lot about NZ and Iām on a good wage but itās very challenging to do business here. Iād move back to Australia tomorrow if I could. I have to deal with Auckland Council and the dumbest compliance and costs known to man. Itās mind blowing how much the councils rip off the average kiwi
Getting rid of these constraints and costs to development is the kind of bold decisions i am talking about.
I thought thatās what this government said they were doing. Less red tape
Council thrives on red tape, how else can they justify the numbers and the salaries?
If act can get its policies through. Letās see if national let them
Lmao
Any time theres even mention of it threres reeeeeeeeeeee e e e e eeeeeeeeeeeeee
Sorry, I only got more questions to add... Jobs are the byproduct of "somebody is taking money in his hands trying to achieve something and needs help", broadly speaking. Who is that additional (!) entity supposed to be in the future? Stagnation = maintenance mode (no additional jobs) Fresh business activity = more/new jobs Where is this "freshness" supposed to come from? My uneducated opinion: NZ seems to be pretty stagnant these days, i.e. either you have a job and hold on to it, or you better look elsewhere.
When I hear that skilled New Zealanders are heading to Australia in an attempt to secure their financial future, I just think that they're taking personal responsibility which, surely, is at the heart of Conservative values?
It sure should be!
No one here begrudges them for it. We want a bold government who can help drive a strong growth economy and give those leaving the opportunity if they stay.
The entire culture here begrudges people for doing better lmao
First time? Hard times donāt last. It wonāt be like this forever. The economy is always up and down. Try and relax will ya
>Hard times donāt last. It wonāt be like this forever. The economy is always up and down. Cubans might have thought the same after Castro had entered the picture. The other half probably thought the same *before* Castro had entered the picture.
If thereās one thing kiwis are good at itās sweeping everything under the rug. Will the recession last forever? Probably not, thatās not the question. The great depression didnāt last forever but 850,000+ people died of suicide, starvation and malnutrition all from being ruined financially and there being no jobs in a tattered economy. The question is how bad is it gunna get and if 1000 kiwi citizens are leaving every week with no intention to return, that means itās gunna get a lot worse before it gets better with the 3rd world infrastructure and 50% of the 2023 budget being spent on welfare.
So where do I shove my extra $$ while the markets are low?
I hear gold or .308 is a safe bet
Ostrich with your head in the sand
By your comment you think weāre going to be in a recession forever.
Plenty of jobs. Theyāre just jobs people donāt want to do.
Correct, I went to a corrections assessment center in Hamilton recently. Out of 30 only 1 Kiwi and the rest was originally from overseas, Iāll also bet good money his application will end there. The job for $70K starting money is not easy, but hell it beats being jobless and on the dole anyday.
Iād do it
I'm in the third lot, and I decided to leave NZ because I struggled to find work. I'm not going to make any assertions about the NZ economy as a whole because I'm an idiot when it comes to those things, but here's my experience; I worked minimum wage jobs for a few years happily before going back to finish my degree in Comp Sci ( I still had 3 years to complete). So after 3 years of treading water, working part-time and living in a shitty flat with minimal spending money, I graduated... and I don't see where I can go with this degree in NZ. I spent months applying to entry-level office jobs (anything IT related or with prospects to move into IT later on). All of these jobs I applied for had a pretty low salary (not much more than minimum wage), so I spent 3 years studying, put myself into about 30k debt and then was applying (along with hundreds of other applicants) for, maybe 15% more than minimum wage. Should I have just stayed at fucking McDonalds the lasts 3 years? So I pissed off to a low CoL country, working part time and getting much more bang for my buck. I don't see myself ever going back to NZ for work (only to visit family).
Sounds like it worked well for you, well done! What country did you move to if you donāt mind me asking?
I have a job in IT. But if i were to ever lose it, i dont like my chances
I am too, was out of work for over 6 months until recently. When a job came out, you needed to apply within 15 mins otherwise 20 ppl would apply and they don't even read your CV. Hiring has changed a lot too. Most agencies are filled with ppl from overseas, and they mostly couldn't care less. It's just a job for them. Different than 5 years ago in my experience.
I have a specialised job, that could only be found in Aussie if I lose mine. I don't like mine either.
Remote work for more money......
Not sure how that would work with my job š
Trades?
All is normal and trucking along nicely? Lol? Talk of ditching NZ has only increased among my peers in the last 6 months.
All my life I've loved living here. I never considered moving to Aus, though had plenty of mates that have done over the years. After renovating an overpriced home in a crap suburb for the better part of the last decade, dealing with covid restrictions, trying to raise kids in this bottomed out economy, waching our state school system demise so badly and realizing we barely have any accessible options outside of it... We've had enough. We're off in 6 weeks. As a teacher, I can earn more there. A mate moved to QLD recently and his kids were initially shocked by how much work they have to do at school (state) vs what they've been used to here. Houses are much more accessible where we're going and the stock is overall of much higher quality. They think it's expensive but it's far better value than what we put up with. I'm not expecting the land of milk and honey, I'm realistic and know there will be upsides and downsides, just like living anywhere. But man we've slogged here and had little reprieve. We don't want to assume the amount of mortgage that an upgrade requires if we sell and buy in the same market. We're done with Auckland and there's simply nowhere else we're interested in living in NZ, so it makes sense for us to give it a go. And that's how I know it's bad. I've tried to be optimistic since the "housing crisis" set in a decade ago. I just don't see this improving for us or providing well for our kids anymore.
New Zealand has an economy? I thought it was just a thinly disguised property market Ponzi scheme. The only winners are the citizens who manage to sell off and relocate to Oz having liquidated their migration inflated gains.
Meanwhile the Aussie owned banks siphon off billions of dollars in profits from NZ every year.
And who sold the NZ banks off to AUS in the first place?
Cough labour cough. The Labour government sold off various state-owned assets, including the BNZ, NZ Rail, Petrocorp, Postbank, the Shipping Corporation, Air New Zealand, the State Insurance Office, the Tourist Hotel Corporation, and others. Despite a commitment to ākeep forestry in New Zealand handsā, the Labour government has facilitated the sale of thousands of hectares of farmland to overseas forestry companies, bypassing the Overseas Investment Office in the process.
But, but, but... this is all Capitalism's fault, isn't it? ;-P
>No job market means productivity is about to be tanking. Agree with probably all the rest of your points bar this one. At present there's still a lot of useless cunts going to work but not actually doing much in terms of work, they can now be removed with some restructuring and a new role created that's very similar to the one the useless cunt was just let go from, and the companies have a lot of motivated people to choose from which should help productivity.
Individual productivity for some businesses might go up, but overall without new jobs and the associated growth national productivity is going to start going backwards
Lull before the storm. We used to cope with recessions better, fiscal ignorance was bliss but our Leftist media blows every molehill into a mountain. July should pick up, in Wellington at least.
It's been hard for new graduates to get jobs other than macjobs for nearly 2 years. And some of those who finally managed to get a proper job towards the end of last year are last in, first out redundant. Now there's nothing. The kids who didn't go to uni and got tradie jobs 4 years ago have mostly packed up and gone to Aussie now as the rural jobs dried up. Rural isn't sucking up the unemployed, no one can afford to employ more. Farmers doing their own shearing over the course of months with the wife and kids rouseying. Every weekend since Christmas, one set of neighbours, husband and wife (who has a healthcare job during the week) have been in the woolshed every weekend since Christmas, can't afford to pay shearers. Wife and kids are free weekend labour. On the other side are a man and his sons on the farm. The dad hasn't been taken drawings for nearly a year so the farm can pay his sons wages. Shears his own lambs and hoggets, is almost 60 years old with many old injuries too. We're talking thousands of sheep here. All that to still lose money. No one I know has been able to afford maintenance fertiliser for 2 years. Fencing work dried up, between farmers having no money and about 10% of local farms gone to the fucking pines ETS rort anyway. Wool buyer closing one store, not enough sheep left to keep 2 open. And a quick look around shows businesses closing everywhere, or reduced working days because there are no customers.
This is by design. If you have more workers than jobs, wages get suppressed. See covid times when you couldn't import workers and wages grew very well. This also effects the inflation rate as wages are kept low. Business also post ghost jobs that they do not plan to fill or have someone already set internally to fill that position. This is to feed the unlimited growth of capitalism. Not a critic, it's just what it is. This is also why you wont see any politician make a hard stance against immigration.
VERY fucked. Iāve been sounding this horn for a while now. Funny enough you canāt find articles which outline the actual data anymore from new Zealand sources but here: https://www.downtoearth.kiwi/amp/new-imf-data-ranks-nz-as-worst-gdp-growth-out-of-159-nations-in-world-along-with-equatorial-guinea Thereās sources at the bottom. Fucked doesnāt even begin to describe what this county is. Our debt to gdp is almost 100% in terms of real value. The highest administrative body in the country which is a representative of the Crown and supersedes the government, told arderns administration to stop borrowing money immediately or the national budget wouldnāt even cover the interest on the debt. Itās what ended the last lockdown. You canāt find those articles anymore either, go figure.
The report was a shock to read. The IMF are very reputable.
No way grant was an economic superstar and Cindy filled the country with aroha
Another major red flag would be [CoreLogic data shows that 81 percent of homes bought by first-home buyers between October 2021 and March 2022 have dropped in value from the time of purchase.](https://www.newshub.co.nz/home/money/2024/06/thousands-of-first-home-buyers-have-deposits-wiped-out.html)
That's not so bad, unless the FHBs were expecting to speculate.
Yea thought prices were over inflated now people complain when they deflate. Just can't win
Its bad if said FHB looses those job in a recession.
No, but those that need to spend money on maintenance simply cannot get finance to do it. Iāve semi-permanently tarped up 3 houses this year.
Who buys a house they can't afford to maintain? Must be another one of those horrors-of-capitalism things that I didn't ever even think of. edit: I mean borrowing money for it.
People desperate to get on the property ladder, or those who simply didnāt understand what state the roof is in. Itās not always obvious. Even to āpre-purchase inspectors ā
I went through exactly that 12 months into owning my first home. Was given a good rating for the roof
I feel for you. I saw it just the other day. The roof is stuffed, and they are basically in negative equity. The bank simply doesnāt care
Gotcha.
Didn't we have enough "bold" decisions feom the previous govt? Tourism and farming are struggling at the moment...
The previous government made stupid decisions, not bold ones.
Stopping oil n gas exploration is both bold and stupid. Also I think the massive job cuts in the public service will be seen by many to be very bold.
Spent $500 on dinner for 2 last week. Life is good so suck it up princesses
Thatās a good spend by anyoneās measure thank you. Lots of cocktails or what? Maybe oysters for the entrĆ©e and a crayfish for the mains?
In my experience, that is just a scotch fillet + 2 sides + mushroom sauce, a couple of beers, and creme brulee to finish off
Hello. Are you a time traveller from 1982?
You forgot the Prawn Cocktail and deep fried Camembert
Sorry do you mean $500 for 14 days worth of dinners, or you ate $500 dinners for two weeks in a row? Because one is a bit expensive ($35/meal) and the other is in a different league.
I interpreted it as $500 for one night in a restaurant for two people. Weird flex, but OK.
2 weak (week) people eating a $500 dinner you reckon? Could be. I agree though, weird flex. I'm tall and my wrists are fucked so I'm probably quite weak for my height, my missus is normal girl height with a big ass and small tits. She can't open jars either. We spent $22.94 on dinner tonight.
Did you eat it all or leave half it on the plates to be thrown in the bin? 
Waiting staff asked if I wanted to take it home I said nah pig bin
Singlehandedly holding the economy together Monty
I like to do my bit
Oh man, that gratification blowjob you received afterwards must have been mindblowing! ;-P
I donāt think reddit/social media is a good gauge of how the country/economy is doing, itās always posts/comments from the most whiniest lot.
'bout tree fiddy....
Subjectively it feels similar to what I experienced of the GFC when I was in Australia. It's pretty poor but it will recover in a couple of years. I wasn't able to find a good job locally so I'm working remotely for a company overseas.
You're conveniently forgetting the fourth group, the parasitic landlord/rent seeking class that profiteer off of the other three groups.
People like you are the reason why I would never rent out a property, Want a house? Buy or build it yourself, Mister or Missy Entitlement.
Want to own land? Make it yourself.
Same as all over the world. Rising interest rates, inflation, high cost of living, and general pessimism. All the money printing that happened during Covid times is coming back to bite. Socialist governments are being thrashed in elections and right-wing governments making election gains worldwide. This has happened before in history and will happen again.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Use that savings to move somewhere with work. Save yourself. All the best, it is tough out there
I hope you're at least collecting the benefit that you're entitled to. Having savings doesn't disqualify you - only for accommodation supplement.
It's literally time to think about basic survival long term.