Employment enters weakest period since the Global Financial Crisis with the number of filled jobs down 0.5% on the same time a year ago

Had this discussion last night. Minimum rate is $23 which makes it really hard to get teenaged their first work experience. 

 

It’s just too much for roles like shelf stackers etc. all those first jobs etc.

The bigger problem is all the Working Holiday Visa holders that have poured into the country since the borders opened - most arehappy to just work whereever and whenever for mininum wages, no guaranteed hours.  Then there are the international students that all have work rights - fake students that come here pretending to study at some crap college, while working 60 hours a week under the table for their local ethnic restaurant/liquor store/uber car rental.  

Hate to be the bearer of bad news, but have you seen how much the private debt "deficit" has grown by lately? Makes $10b look like a drop in the bathtub. If we actually had adults in the room, we'd be having a serious conversation about the use of private debt and the impending risk to our entire economy, but we aren't. We're bleating on about how private debt good, public deficit bad. All we have for the pile of $700b in private debt is the same houses we already had, plus some leaky ones, and now a sprinkling of units and townhouses.

If you read this and then still propose that what we need more private debt, then god save this poor, poor country.

Step 1: House prices come down, the wealth effect reduces, trade deficit reduces. Stop buying crap we don't need.

Step 2: Tax on capital gains.

Step 3: Remove incentives and subsidies to speculate on existing assets, and funnel those into rebuilding, research and development.

Step 4: Run a fiscal deficit in place of a lower private debt balance sheet so long as our trade deficit/surplus allows.

We simply cannot rely on the private sector for anything positive, it all ends up as bets on capital gains. I'd rather my kids didn't inherit a TAB full of oldies spending all their money at the pokies thanks.

Or is he turning his nose up at someone being a service worker (long term)....?? I think we know that answer

You can't tell them that's why they got shitcanned, but if you think that doesn't factor into the employers decision I have a bridge you might be interested in.

Re- read my post "doing the same job for the same pay".

I get it, I said something good about my family, so about myself by extension.  Therefore, I need to be shot down by the commentariat.

Also "You can’t make someone redundant based on performance".  You clearly don't employ staff.  As a business owner, you will always get rid of underperforming staff ahead of good staff.  

Yes but this conflicts with a wave of people wishing to realise their equity and retire. Younger generations do not earn enough nor pay enough rent to make everybody rich. Something will give out either this time or next.

There's usually always work for a general labourer.

BUT

The work is often pretty hard going manual labour.

I agree. There was an artificially inflated demand for workers across the board when there was all the cheap money sloshing around.

Comms had its moment during 2019-22; I remember an article reporting NZTA went from 35 comms FTEs to 100+ in just a matter of months. Not a peep out there for comms work and more get added to the redundancy list each quarter in the public sector.

This always gripes me, as if there's not a lot of jobs going, and someone has to get a job to put food on the table from circumstances outside of their making, then how do hey get a job if they consistently get told they are overqualified? I've met plenty of folk over the years who have been banking managers etc who gave it all up for a more simple life and job where they are passionate about as well. Perhaps it is all in the art of the interview.

I think if you've got a family

That should be even more motivation to do whatever it takes.

Having a tenure like job is preferable, but not a guarantee.

The country imports 10s of thousands of temporary workers a year, and it's still not enough.

There are those jobs at the very least.