Why pain and hardship are on the way

We've inherited a legacy of underinvestment in people. (Image: Getty)

Wed, 16 Nov 2022

Within a central bank war against inflation, there's another key battle we don't like to talk about. It's jobs versus inflation. Of course, it's not just jobs versus inflation. There are other battles. Profits and margins versus inflation. Growth and asset prices versus inflation. But there are deep structural changes taking place within the labour market.When you have too much money chasing too few goods, causing inflation, there are hits all round on the way.The hitsThe economy is operating above maximum sustainable...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Infrastructure

Govt drops Cook Strait rescue vessel plan

A detailed business case raised costs from $80m to $259m in just four months.

Thomas Manch 1:33pm

Markets

Sheep guts, big gains: Aroa’s 14% revenue lift

Soft tissue regeneration company remains debt-free.

Rebecca Stevenson 1:25pm

Sheep guts, big gains: Aroa’s 14% revenue lift

Markets

Contact sets out aggressive growth push

Contact is relying on demand increase to fund expansion.

Ian Llewellyn 12:25pm

Sponsored

Spark Accelerate: Are you ready for exponential AI growth?

Spark

Sponsored

Cybersecurity skills gap leaving Kiwi businesses at risk - report

A cybersecurity skills shortage is creating additional cyber risks, according to a new global report.

Fortinet

More Economy

Economy

Co-operative Bank remediates thousands of customers

Co-operative Bank has remediated a total of $7.2 million across almost 50,000 customers for charging higher fees than it should have and may yet have to pay a court-imposed fine.The Commerce Commission said the charging of higher fees breaches the Credit Contracts and Consumer Fi...

Andy Macdonald 12:15pm