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Decades ago, sociologist Joel Best wrote about how to lie with statistics. The best tricks are those where a statement is word-for-word true but has nothing to do with reality. Read more
The sounds of cricket on the radio are already wafting over campgrounds around the country. Who would wish to spend the holidays anywhere else in the world? Read more
In this Quick Take episode, David Law responds to a joint paper released by Helen Clark Foundation and the New Zealand Institute of Economic Research about the minimum wage. David reveals why raising the rate makes little economic sense at the best of times, and terrible sense during a recession. Read more
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
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
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 Quick Take episode, Bryce Wilkinson questions the wisdom behind many of the Reserve Bank’s latest interventionist moves and worries New Zealand could be repeating mistakes of the past. 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