Can’t hardly wait to hear the results

The Green/Labour bloc supported by Winston Peters has a chance to show they are a government in waiting on Monday. Fran O’Sullivan explains:

David Shearer, Russel Norman and Winston Peters will have an opportunity to present themselves as the “government-in-waiting” when they turn up to HamiltonJet’s premises on Monday to release the results of their parliamentary inquiry into the future of manufacturing.

The trio will endorse a range of prescriptions from “Manufacturing: the New Consensus, a Blueprint for Better Jobs and High Wages”.

Oh can’t hardly wait…the manufactured manufacturing crisis…which isn’t.

Mechanisms to deal with an “overvalued and volatile dollar” – which include making the dollar and jobs additional priorities for the Reserve Bank, not simply tackling inflation and tax credits, will be back on the agenda to spark R&D expenditure and you can expect to hear plenty of rhetoric about dealing to “speculators” who have invested in the property market instead of the productive economy.¬†

The Opposition politicians will be presenting their report as a “blueprint for better jobs and wages”.

The dollar has dropped in value by 6.1% since they started whinging about it. David Shearer can now repatriate those millions in his offshore bank account for a tidy score. Is that not enough? What rate is optimal? What rate do these financial wizards think is best?

Over a four-year period manufacturing jobs have fallen by nearly 40,000 (16.7 per cent); the number of manufacturing businesses has dropped by more than 1300 (6.1 per cent); the annual value of manufactured exports was down by 12.4 per cent; and manufacturing profits fell by 17.4 per cent.

And we now know that the 40,000 figure is made up, thanks to Rob Hosking at NBR.

It will be interesting to see what heroic figure these muppets can conjure up to solve the “manufacturing crisis”.

  • Time For Accountability

    EPMU puppets lead up the garden path again.

    I get the impression the term repeaters can be applied to the far left coalition members mentioned who like their press equivalents – never verify.

  • Patrick

    In terms of prosperity of the entire nation isn’t a high dollar beneficial? Doesn’t the price of imported consumer items & costs of things like petrol drop? Isn’t the result a higher standard of living? Wouldn’t that deter Kiwis from going offshore to live? Wouldn’t it be great to be able to travel internationally on a high dollar?

    • Time For Accountability

      And have a dramatic drop in export earnings including tourism.

      • Patrick

        According to our compatriots on the Left those industries are evil anyway!

  • parorchestia

    The Pink Muppets have shown their ignorance of macro-economics once again. The world has been changing for decades and we must adapt or die. So far we have been adapting fairly well, so what’s their problem? Ignorance is the main one. Let’s go over the macro-economic changes of the last few years and see why they are so miserably wrong. The emergence of the low wage economies as major manufacturers has presented First World manufacturers with a conundrum – how do we cope with low-wage competition? There are three solutions: innovate and keep ahead of the pack, automate and lower the wage bill, or let wages slump to Chinese levels. Direct wage competition is not really possible in NZ because of low productive and short working hours (I’m not knocking folks, these are facts). Real wages for slushy jobs (eg, product assembly) would have to be below 3/5 ths of Chinese wages to compensate for the low productivity in NZ. Companies that won’t or can’t adopt the other solutions are forced to resist wage increases. Hence low end wages are declining over time in almost all First World countries. Yet, at the same time, high skill jobs are attracting higher wages. The disparity between the minimal paid slushy jobs and “good” jobs is increasing, which make the socialists howl about lack of equality and “fairness” (although what is fair about slacking at school and sitting around on your bum drinking booze all day is beyond me). But the silly socialists can’t do anything about international macro-economic facts! Eventually, at sometime in the future China will have to increase wages, just as Taiwan, Singapore and South Korea have had to do, which will ease the competitive pressure. But we will still face the problem of low productivity.
    The solutions of better education, more targeted eduction, retraining etc are already being done by the government. What they haven’t done is inducements (incentives) and punishments (disincentives) designed to get people back into work and to work productively.
    I wish I could quiz these muppets.

  • cows4me

    God what sane business would entertain those dingbats, it’s not like they are intellectual business giants. Perhaps Hamilton Jet is having a team building session and these three are the comic relief.

  • LesleyNZ

    Why Hamiltonjet – does this company favour the left philosophy? Why would Hamiltonjet want to entertain the 3 Muppets?

  • chadchambers

    The three of them working together must frighten the daylights out of the Nats.

  • chadchambers

    [Government again being urged to help manufacturing sector

    The Government is again being urged to do more to help the manufacturing sector.

    It comes as 84 job losses are announced at aviation manufacturer Safe Air, with the finger being pointed at an overvalued New Zealand dollar.

    Labour's Finance spokesman David Parker says 17 thousand jobs were cut in the sector last year.

    He says a strong manufacturing sector creates jobs and higher wages. Mr Parker says one job in manufacturing produces between two and five jobs elsewhere in the economy.] – Jacqui Stanford, Newstalk ZB, June 15, 2013, 6:18 am

    17,000 jobs lost last year due to the high dollar. Come on National, why don’t you put New Zealand first?

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