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As Mark Twain once quipped: “Lack of money is the root of all evil.” And so entered the governor of the Reserve Bank of Transformable. “Suffer all those short of cash to come unto me,” quoth he. Read more
Last week, the Helen Clark Foundation and the New Zealand Institute of Economic Research released a joint report (the HCF&NZIER report) calling for a higher minimum wage to reduce inequality and lift productivity. The minimum wage increased from $17.70 to $18.90 in April of this year. Read more
Kiwi students are not learning the literacy skills they need and now some schools are paying from their own pocket in a desperate attempt to reverse the dismal trend. Both domestic and international data show a major problem in New Zealand literacy levels. Read more
On 24 November, the Helen Clark Foundation and the New Zealand Institute of Economic Research released a joint report (the HCF&NZIER report) outlining an inclusive growth agenda for New Zealand. Its recommendation on the minimum wage is concerning and risks hurting the most vulnerable. Read more
Wellington, 3 December 2020 - Calls to lift the minimum wage will not fix inequality and could end up hurting the most vulnerable – particularly during a recession, according to a new report by the New Zealand Initiative. The report is a response to a joint paper released last week by the Helen Clark Foundation and the New Zealand Institute of Economic Research which suggested lifting the minimum wage (presently set at $18.90) to a “living wage” of $22.10, among other proposals. Read more
Imagine an optimistic and hard-working young couple hoping to raise a family in their own house. Thousands of them are flicking through property listings each weekend. Read more
One of the shortest jokes about economics goes like this: Teach a parrot to say supply and demand, and you have created an economist. But there is an even better joke: Teach a parrot to say demand and demand, and you have created a politician. Read more
The holiday season always brings the requisite warnings about the summer road toll. Drive to the conditions, and the faster the speed, the bigger the mess. Read more
In this episode of the Initiative’s Freely Speaking podcast, Matt Burgess, Eric Crampton and Oliver Hartwich trade hypotheses on why the New Zealand housing market is so broken with a few comparisons in Europe and how a change of incentives for local councils might be a big part of the solution. If you would like to listen to our latest podcasts, please subscribe to The New Zealand Initiative podcast on iTunes, Spotify or The Podcast App. Read more
All too often, today’s flavour of the month is tomorrow’s failure. This truism appears to be playing out in education. Read more
