#craigrenney — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #craigrenney, aggregated by home.social.
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“The latest data shows that employment fell in Aotearoa at its fastest rate since the GFC. Unemployment rose in 8 out 12 regions."
#CraigRenney, Economist, NZCTU Te Kauae Kaimahi, 2025
https://www.scoop.co.nz/stories/PO2502/S00022/unemployment-climbs-above-5.htm
After a year of NatACT First government the country's economy is in a nosedive. Worse than the aftermath of the 2008 global finance meltdown. Worse even than anything we faced during or in the aftermath of pandemic lockdowns.
Yet the myth persists that Nats are great economic managers 🙄
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"... what 40 years of this [neoliberal] experiment has taught us, is that if you try and lift growth through insecurity, you end up with all of the outcomes that we see today. And actually the thing we need to do is to rebuild economic security in this country."
#CraigRenney, 2024
https://omny.fm/shows/the-working-group/shane-reti-the-ocr-and-boot-camps-guests-michael-w -
"The evidence that we have from both NZ and around the world is that even quite substantial increases to a Living Wage or to the mininum wage lead to very small increases in general inflation. Overall the economic evidence is around a 10% increase in minimum wages lead to around a 0.1% to 0.4% increase in inflation."
#CraigRenney, Economist and Director of Policy at NZ CTU, 2023
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"An economist says concerns an increased living wage will push up inflation are unfounded. The living wage will jump to $26 in September - an almost 10 per cent rise. Economist and Director of Policy at New Zealand Council of Trade Unions, #CraigRenney, told #CharlotteCook it's common for people to be concerned that this will further hurt inflation, but the data doesn't back that up."