Latest / The Kākā by Bernard Hickey
Why a record-high 201 NZers a day are emigrating
A record-high 201 New Zealanders emigrated each day on average in the year to the end of July, with 58% going to Australia.
Australia’s labour market is now accelerating ahead of New Zealand’s stalled market, further widening the 30% wage premium over the Tasman and providing job openings there while there are none here. Both long and short term policy decisions by the New Zealand and Australian Governments and Reserve Banks have driven the widening gap over both the last 30 years, and the last two years in particular.
Australia introduced compulsory savings, kept strong unions and kept a…
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