Govt assault on young 'uns continues

[mossy1200]

Just hope that when generation gets its hands on power they have a short memory ,,,, or life for the elderly will be big buckets of poo

Stephen

All good. It will get sold before we are old.

[GrayWolf]

A lot. At 18 when I left school I was worth (maybe) minimum wage, by the time I was 20 I had worked hard, done some studying, learned skills and was worth well over the average wage.

And if you had have left school at 14 and had worked hard etc... you would have been earning at 16 what you were earning at 20.

Whats your point mashman, either way round, he would have gained 2 years experience at the job... In fact Brett re iterates my point.. at 16 I was paid 12 quid a week about half of what my school mates got working in 'low skill' type employment, by 21 (5 yrs later) I was earning DOUBLE what they could at adult wage rates..... But I can assure you, your average txt speaking, attitude ridden, (i aint gunna make the tea, clean out that machine, sweep the floor) fuckwit wouldnt even get into the trade (engineering) cuz they kuldnt komprehnd unglish langwadge an do maf's. Trust me when you are working out relief angles for form tooling, reading a blueprint with tolerances of 2/10 of a thousandth of an inch (average piece of paper is 6 thou, thick to give you an idea how minuscule that is) on ground surfaces. Or, reading a complex plan or formulae/calculation requirement. Ya kunt txt yur mate or ask the 4man if yu can use yur laptop.

[Marmoot]

I don't understand why this thread is.

Let's look at a hypothetical world where I have money to hire someone to do something. If I get two applicants, one that is 16 years old youngster who very likely has never worked anywhere before (ergo dubious work ethics) and another a seasoned 27 year old with a wife nagging at him to bring home some money each week, both asking the same hourly rate.....why should I favour the young one and not the one with a greater chance of success?

Now, in a parallel universe with lower minimum wage for young workers, if that means I can save some money and I know cashflow is important for me for the next 6 months, I'd probably think the young one is worth a try. This way the young one might end up getting work experience (which does not involve peddling drugs on the street) while the older one may end up getting a better job that properly uses his current experience.

Seriously, c'mon people....

[Brian d marge]

I don't understand why this thread is.

Let's look at a hypothetical world where I have money to hire someone to do something. If I get two applicants, one that is 16 years old youngster who very likely has never worked anywhere before (ergo dubious work ethics) and another a seasoned 27 year old with a wife nagging at him to bring home some money each week, both asking the same hourly rate.....why should I favour the young one and not the one with a greater chance of success?

Now, in a parallel universe with lower minimum wage for young workers, if that means I can save some money and I know cashflow is important for me for the next 6 months, I'd probably think the young one is worth a try. This way the young one might end up getting work experience (which does not involve peddling drugs on the street) while the older one may end up getting a better job that properly uses his current experience.

Seriously, c'mon people....

you have hit the nail on the head. not sure if you realise the ramifications , but on the face of it ,, the above is what it looks like. The Bigger picture is the government is just about to print money to try and fix a mess , and its a vote winner this one. but does NOTHING to fix the problem that being , we are an agriculurally based economey with one or two big customers who have closed the chequebook ( well china hasnt but ,,,)
the treasury is ( as far as the IMF are concerned ) good , foget what the pollies say ,the treasury has been separated for a while now and has usually done a god job...

I repeat for the hard of reading, The world has changed and what happened when u were a YOOF doesnt apply now, ITS A DIFFERENT ECONOMIC WORLD NOW.

IF I was 16 again, ( I would do a lot more shaggin, thats for sure ,) I would either stay in school until I had to borrow ( yes we have to borrow 50k odd BEFORE we get a job) Then I would find out what the exams were and what was required to pass and only do that thereby only incurring course fees or even only exam fees
or even find out what I needed to know for the exam , self study untill I was ready THEN enrol ...working if I could
THEN ..try NZ for work , if sh is pushed up hill ...Australia here I come. try there. ( and a lot more shaggin )

stephen

[Marmoot]

IF I was 16 again, ( I would do a lot more shaggin, thats for sure ,) I would either stay in school until I had to borrow ( yes we have to borrow 50k odd BEFORE we get a job) Then I would find out what the exams were and what was required to pass and only do that thereby only incurring course fees or even only exam fees

You're one of the smart ones. The sad reality is that not everyone is that smart, and those that aren't tend to go to the workforce as soon as they could. In that situation, despite the increased opportunities (see my post) they are now worth "less" than previously due to the new regulation. And since they are not that smart, they can't see the bigger picture. They can only see the negative side and starts compl.........ooo, I get it now

[mashman]

Whats your point mashman, either way round, he would have gained 2 years experience at the job... In fact Brett re iterates my point.. at 16 I was paid 12 quid a week about half of what my school mates got working in 'low skill' type employment, by 21 (5 yrs later) I was earning DOUBLE what they could at adult wage rates..... But I can assure you, your average txt speaking, attitude ridden, (i aint gunna make the tea, clean out that machine, sweep the floor) fuckwit wouldnt even get into the trade (engineering) cuz they kuldnt komprehnd unglish langwadge an do maf's. Trust me when you are working out relief angles for form tooling, reading a blueprint with tolerances of 2/10 of a thousandth of an inch (average piece of paper is 6 thou, thick to give you an idea how minuscule that is) on ground surfaces. Or, reading a complex plan or formulae/calculation requirement. Ya kunt txt yur mate or ask the 4man if yu can use yur laptop.

Fuckin hard to read that text shit... quit it would ya . You're highlighting the need for a specialist. I couldn't do the job you're talking about. That doesn't mean I couldn't pick it up quickly irrespective of whether I was 14 or 41 (which is my point)... whether I's care too or not is another matter entirely and that caring whether or not to is not age specific either. A job is worth X, where the job is really worth X minus the expectations/caveats of the employer. As most of you freely admit, you are without a clue as to whether the person in front of you is capable because of your perception of that person. It's your perception that's getting in the way, and now it's the govt's perception getting in the way. Age should not be a factor, similar to gender, colour etc... I agree that you are using indicators and your experience to make a judgement, but you don't know for sure and won't know for sure unless you try (by the way, that trying is a 2 way street ).

It would seem that some are happy to trade 20+ for 16/17 when there's money in it (yes I get why), at the expense of the 20+ I might add, when it suits you. Yet nothing changes other than the amount of money paid out, as there'll still be the same perceived useless 16/17 yr olds and the same 27 yr old that has a greater chance of success (bullshit, cough cough, bullshit). Make your minds up , are they too young or are they too expensive at the moment?

[Oscar]

The Bigger picture is the government is just about to print money to try and fix a mess ,

What a load of bollox.
The Govt. has repeatedly ruled out "Quantitative Easing" after the whackos in the Green Party suggested it.

Notwithstanding that, what would it achieve? Short term reduction in the value of our currency, higher interest rates and inflation. Higher interest rates attract overseas investors, who buy NZ$ to invest with, causing the currency to gain value...

The bottom line is that at the moment the NZ Govt. has very little control over the value of the NZ$. The NZ$ is high because the US$ is low.

[Banditbandit]

You're one of the smart ones. The sad reality is that not everyone is that smart, and those that aren't tend to go to the workforce as soon as they could. In that situation, despite the increased opportunities (see my post) they are now worth "less" than previously due to the new regulation. And since they are not that smart, they can't see the bigger picture. They can only see the negative side and starts compl.........ooo, I get it now

Fuck - if he's a smart one I'd hate to see the rest - I wouldn't pay that illiterate twat minimum wage for shitting ... but then again, almost all the know-alls here seem to be illiterate twats ...

[mashman]

What a load of bollox.
The Govt. has repeatedly ruled out "Quantitative Easing" after the whackos in the Green Party suggested it.

Notwithstanding that, what would it achieve? Short term reduction in the value of our currency, higher interest rates and inflation. Higher interest rates attract overseas investors, who buy NZ$ to invest with, causing the currency to gain value...

The bottom line is that at the moment the NZ Govt. has very little control over the value of the NZ$. The NZ$ is high because the US$ is low.

I know I really shouldn't, but... the UK injected 325 billion of their UK pounds into their economy and I see no evidence of economic shock. Do you have any figures to backup the quantitive easing theory that JK has said is madness? Here's mine from a simple search

[scott411]

I know I really shouldn't, but... the UK injected 325 billion of their UK pounds into their economy and I see no evidence of economic shock. Do you have any figures to backup the quantitive easing theory that JK has said is madness? Here's mine from a simple search

the UK had a double dip recession that we did not have, they had also had their OCR near 0%, they had nothing left, i spent 6 months in the UK last year and they are in way deeper than we are, we have not had to do the massive spending cuts that the Brits and some Euro nations have had to,

our dollar is high because everyone else is still in recession, we are growing again (and out interest rates are relativly high still), with the exception of the Aussie Mining boom (the States without mining are not well) we are doing better than most of our 1st world trading partners,

as for people thinking Aussie is the be all and end all, if you want to go live in the middle of the desert, doing 2 week or longer stints on 12 hour days, then their is money to be made, but you have to give up your lifestyle you have at the moment, some people can go and put thier heads down and make money for a few years and then invest the gains to come back for a lifestyle, some get stuck in the spend everything you earn category to the point where a heap of the Aussie fly in and fly out workers are setting up in Phuket or Bali and living thier on the months off, because Perth is to expensive, and its only a 4 hour flight up to Asia,

[Oscar]

I know I really shouldn't, but... the UK injected 325 billion of their UK pounds into their economy and I see no evidence of economic shock. Do you have any figures to backup the quantitive easing theory that JK has said is madness? Here's mine from a simple search

Your search was very simple indeed.
The UK's economy is contracting. Our is growing.

Perhaps you should search the Weimar Republic and see what printing money achieved.

[Banditbandit]

Your search was very simple indeed.
The UK's economy is contracting. Our is growing.

Perhaps you should search the Weimar Republic and see what printing money achieved.

Let me see .. I am no economist ... but if an economy is shrinking, then there is too much money in it ... (fewer trade goods to buy = surplus money) and in a growing economy the oppositie is true .. growing trade goods with not enough money to purchase them ...

So, for us simpletons and non-economists .. (who have a small amount of knowledge of economix) it is, of course, very bad to print money in a shrinking economy ..but in a growing economy surely it is the answer ... (And no, I'm not a Green party member .. fucking wimping liberals .. scratch a liberal, find a conservative ...) but surely there should be enough moey in an ecomomy to purchase the goods availabel in the economy? If there is not enough money then there is a surplus of trade goods (which will not be selling) and the price comes down (basic supply and demand) Oh .. right .. that;s why the big retailers are having so many sales .. the prices comes down !!!

[Oscar]

Let me see .. I am no economist ... but if an economy is shrinking, then there is too much money in it ... (fewer trade goods to buy = surplus money) and in a growing economy the oppositie is true .. growing trade goods with not enough money to purchase them ...

So, for us simpletons and non-economists .. (who have a small amount of knowledge of economix) it is, of course, very bad to print money in a shrinking economy ..but in a growing economy surely it is the answer ... (And no, I'm not a Green party member .. fucking wimping liberals .. scratch a liberal, find a conservative ...) but surely there should be enough moey in an ecomomy to purchase the goods availabel in the economy? If there is not enough money then there is a surplus of trade goods (which will not be selling) and the price comes down (basic supply and demand) Oh .. right .. that;s why the big retailers are having so many sales .. the prices comes down !!!

Ignoring your comment about a shrinking economy having too much money in it, which is just silly, the whole Quantative Easing theory is based on a fallacy : our exchange rate is too high and we can do something about it. The reason our currency is high is because the currencies we measure it against are weak.

As for your comment about not enough money for surplus goods - if you print more money, then the money you use to pay for those goods is worth less, so the price goes up...how is that a good idea?

[Brian d marge]

Fuck - if he's a smart one I'd hate to see the rest - I wouldn't pay that illiterate twat minimum wage for shitting ... but then again, almost all the know-alls here seem to be illiterate twats ...

I really hope that’s not me you are inferring to. This "illiterate twat " know more in his little finger than you can string together full stop , This "illiterate twat has spent countless hour looking into how and why these thing are the way they are , this " illiterate twat" has laboured his way through " the road to serfdom " ,and , Isaiah Berlins 2 concepts etc to try and understand how and why ...

Some one here cant grasps the basics , and because their little rowboat seems to be falling apart , resort to cheap throwaway line that just highlights the failure of their remedial reading classes.

If by your post your are indeed inferring, I am the "illiterate twat ", then that a pretty high bench mark for others to aspire to .


Stephen

[Brian d marge]

What a load of bollox.
The Govt. has repeatedly ruled out "Quantitative Easing" after the whackos in the Green Party suggested it.

Notwithstanding that, what would it achieve? Short term reduction in the value of our currency, higher interest rates and inflation. Higher interest rates attract overseas investors, who buy NZ$ to invest with, causing the currency to gain value...

The bottom line is that at the moment the NZ Govt. has very little control over the value of the NZ$. The NZ$ is high because the US$ is low.

sod me Im almost agreeing, my bad I didnt know it was the greens, it was on national radio and yes its a bad idea. a better idea is what I posted before

we are in a post Financial Crisis world with significant debt concerns for the US, Continental Europe, UK and Japan. Interest rates in those countries are abnormally low and monetary policy settings, including quantitative easing, are far from normal. This has depressed those currencies relative to the value of the NZ dollar.

NZ’s terms of trade are at an elevated level. NZ’s terms of trade are largely driven by commodity prices, since commodities make up the bulk of NZ’s exports. Commodity prices are a key driver of the NZ dollar so it is not surprising that NZ has a very strong exchange rate in an environment of very strong commodity prices.
snip;
Agriculture and construction were the stand-out sectors posting q/q gains of 4.7% and 3.3% respectively

a post from the illiterati

Stephen