Do you want the good news or the bad news?

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The good news is:

More than 130,000 students will have $50 extra in their pockets next year, as the Government moves to make tertiary education more affordable.

odt.co.nz

The bad news is:

Nationally the total stock of rental properties is now 50 percent lower than it was a year ago as a direct result of Labour’s policies that make it much riskier and less profitable to be a landlord. This means that next year it will be much harder for students to find a place they can afford.

The good news is:

If students are lucky enough to find a place they can afford it will be warm and dry ( at least until they turn on their unflued gas heaters, and cause condensation and mould when they fail to air out the house.

The bad news is:

Not only will there be a rental shortage there will be significantly more students choosing to go on to tertiary education now that Ardern has told this years crop of high school students, “Next year’s on us.” This will mean crowded lecture theatres, not enough second-hand textbooks available to buy, longer queues in the cafeteria and less likelihood of getting into the halls of residence, a shortage of carparks and so on and so forth.

The good news is:

If students who lack work experience manage to get a part-time job they will get paid the increased minimum wage amount of $16.50 from April 1, 2018.

The bad news is:

Businesses are more likely to reduce their minimum wage staff because of the wage increase and replace them either with machines or people with lots of work experience who are happy to work for $16.50 an hour.

 


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