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Over the past few months, you could not drive through any of our big cities without seeing some strange advertising messages. They were strange because, in our world of doom and gloom, they were spreading good news. Read more
The Reserve Bank of New Zealand should suspend its decision to increase banks’ capital and re-open the public consultation process says public policy think tank, The New Zealand Initiative. The RBNZ’s decision to increase the capital banks are required to hold will have adverse effects for borrowers and the wider economy. Read more
The Ministry of Business’ Fair Pay Agreement discussion paper released last month took a long time coming. The ministry sat on it for 10 months following the release of the Bolger-led Fair Pay Agreement Working Group’s report last December. Read more
When the government presses ahead with incomprehensible proposals, you have to ask “Why?” A classic example is the Ministry of Business, Innovation and Employment’s Discussion Paper, Designing a Fair Pay Agreements System. Submissions in response to the Discussion Paper were due earlier this week. Read more
This submission is in response to the Ministry for Business, Innovation and Employment's (MBIE) Discussion Paper, Designing a Fair Pay Agreements System. In making this submission, the authors have drawn on the research and recommendations in our July 2019 report, Work in Progress: Why Fair Pay Agreements would be bad for labour, and say despite the overwhelming evidence against FPAs, if the government nevertheless introduces a framework permitting FPAs, and if the FPAs are to have any legitimacy, they must: be introduced incrementally, targeting only industries where there is evidence of labour markets failing workers and employers. Read more
The Government must halt its plans to introduce fair pay agreements or face harming workers, consumers, the unemployed and the wider economy says public policy think tank, The New Zealand Initiative. The Initiative’s submission in response to the Ministry of Business, Innovation & Employment’s October 2019 Discussion Paper reveals that the premises on which the fair pay agreement proposals are based remain deeply flawed. Read more
Sometimes, being at the front of the queue isn't a good thing. If you lined countries up in a row, starting with the places least friendly to foreign investment, and ending with the places with the fewest restrictions, New Zealand would be near the front of the queue. Read more
The Government can pass whatever legislation it likes regulating the relationship between landlords and tenants. Some of it might make sense; some of it might wind up harming the people it’s intended to help. Read more
To misquote from Shakespeare’s Hamlet, “Methinks today too many business leaders and politicians doth protest too much.” Less lip service to virtue and more meaningful action might be a fine thing. Or, at least, the risk of having to act in accordance with professed virtues might temper such protestations. Read more
There was a great old The Three Stooges bit about plumbing that teaches us a lot about regulation. The Stooges were a trio of hapless idiots who produced comedy gold in the days before colour television. Read more