Sunday, October 22, 2017

Unfounded statements - hallmark of PM Ardern

If you think I have a grudge against Ardern, you are partly right. She  publicly ridiculed my research. But my problem with Ardern is mainly impersonal. It's just another battle in the war against dishonesty.

From NewstalkZB:

She's told TVNZ's Q&A programme that leaving everything to the market simply hasn't worked for workers.
"Everything" is not left to the market though.

Working For Families subsidises employers. It allows them to pay their workers less (and the childless suffer as a consequence).

Ganesh Nana, left-leaning BERL economist, was lamenting this subsidisation last week. But he never drew the correct conclusion. Abolish the state subsidies. Certainly Jacinda isn't going to.

A state-mandated minimum wage  is hardly descriptive of "leaving everything to the market". And she plans to raise it.

Huge regulation/ compliance costs are hardly "leaving everything to the market". Those costs are reflected in wage constraints. They are passed down to employees and clients.

Company tax, GST, rates, etc. all dictate costs to the labour market.

"Leaving everything to the market" is the most absurd statement.

Oh, correction. There will be a more absurd statement shortly. Money on it.

1 comment:

Anonymous said...

Yep. Small Business tax cut apparently. Massive rise in petrol prices so people have to use busses. National Award compulsory unionism. The end of capitalism in NZ.