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Tuesday, August 28, 2012

NZ real unemployment rate 9.1%?

Roy Morgan have come out with a very different figure for unemployment last night. Instead of the 6.9% we officially have, Roy Morgan puts unemployment at a massive 9.1% with a further 9.6% under-employed looking for work. That's 18.6% of the workforce, or 467,000 New Zealanders who are either unemployed or under-employed.

These numbers are far more damning than the official ones and gives a glimpse of how bad it might actually be in NZ for the poor right now. The Government don't believe that it is their role to create jobs, they see their role as 'creating the environment' that creates jobs. With a 9.1% real unemployment rate and 9.6% under-employed rate, it is clear that strategy of creating the environment is not working.

We are all Keynesian now, and the sooner the Right appreciate that, the better.



At 28/8/12 7:24 pm, Blogger Nitrium said...

We are all Keynesian now, and the sooner the Right appreciate that, the better.
What the fuck does that statement actually mean? I'm serious, please explain it.
How does "Keynesian" anything SOLVE high unemployment? If you mean deficit spending to "create jobs" and "stimulate the economy", well, I hate to break it to you, but THE ENTIRE WESTERN WORLD is ALREADY doing that! Go check out the statistics if you don't believe me. Keynesian economic theory is an utterly bankrupt ideology, that does not hold up under even the slightest scrutiny. All it leads to is DILUTION of monetary value, i.e. inflation, which affects guess who the most? That's right - beneficiaries and the working poor - the very people you want to help!
You are so wrong on promoting this, it is truly frightening.

At 28/8/12 10:28 pm, Blogger blondewithaniq said...

Perhaps Bomber meant Keynauseous Nitrium and I agree with you about Keynesian economics.. If this research is right, given what Bennett announced today they are working on increasing it exponentiallyas early as Christmas even? Reminds me of the buildup to the UK riots. I hope I'm wrong too.


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