Record migration is being touted as a contributing factor to the country’s growing unemployment rate.
Finance Minister Bill English yesterday predicted joblessness will increase about 0.5 percent to 6.5 percent next year.
Business New Zealand economist John Pask says a recent influx of new migrants is having an impact.
“Net inward migration is around about 62,000 in the year to the end of October. That’s basically two Westpac Stadiums. That’s increasing pressures on the labour market.
“It is going to have an dampening effect on reducing unemployment.t when you look at the underlying figures aren’t quite as bad as what looks to be on the surface not a great result,” he says.
It’s putting pressure on house prices, it’s putting pressure on unemployment, it is keeping wages and salaries down, and it adds to security and race relation concerns.
In 2015 we’ve committed to more refugees, we’ve taken back some of the most despicable Kiwi criminals, and we’re still piling on people from all over the world.
They also put pressure on our welfare, education and health systems.
Yes, it’s a great indicator that everyone wants to come live here. Well done and all that. National take a bow. But there is a problem when we have insufficient restrictions.
As we saw yesterday, we don’t have the funds for more health, more schools, more social housing. The government is running in the red. So one of the most sensible things to do would be to turn down the immigration numbers so we have some time to catch up.
– NZN via 3 News
As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.
They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.
He is fearless in his pursuit of a story.
Love him or loathe him, you can’t ignore him.
To read Cam’s previous articles click on his name in blue.
