Yeah, it's not as clear cut as 'men get paid more than women' IMO. I can't get on board with there being a clear gender pay gap when it comes to same job, same output. There may still be a case for some women being discriminated against for certain roles, maybe. If anything it's probably skewed further the other way with DEI hires.
Politics 🗳️ NZ Politics
- Thread starter wizard of Tauranga
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Like all things we dress up the true data in pleasantries. Men work longer hours, more difficult jobs, take less leave, do more overtime and unpaid career hours and stay with an employer longer. No surprise there.
But the kicker is the reason is all one in the same. Women have children and raise families. Which is fucking amazing and yet somehow demonised
You're not suggesting we put a capital value on that work and pay them are you
We already do in kind. Hence men doing menial labor since the dawn of time.
Not sure what that means, capitalism doesn't recognise being paid in kind, it's not the dawn of time anymore, ask @John Nick, he was there
WTF are you blathering about? Bartering exists alongside capitalism. Pooling resources and specializing your labor force is also recommended capitalism.
- Thread starter
- #16,207
Woman are coming out of university in greater numbers than men.
What goes wrong?
Or perhaps in the not to distant future, woman will be the higher earning sex and we will have to start demanding equity?
What goes wrong?
Or perhaps in the not to distant future, woman will be the higher earning sex and we will have to start demanding equity?
I'm not entirely sure. Alright then I concede my case. Damn you Atlas, you win again, for now...WTF are you blathering about? Bartering exists alongside capitalism. Pooling resources and specializing your labor force is also recommended capitalism.
Wow that wouldn't happen to coincide with the massive amount of dogshit degrees unis offer would it? Surely we'd see that reflected in things like STEM right?
Only girls can be bank CEOs. Do you have a mangina?
That's not very inclusive, what if he has a bussy?
- Thread starter
- #16,212
With the budget coming up and the left wanting higher debt levels and promoting NZ govts relatively low debt levels:
New Zealand does have a relatively low level of government debt to GDP compared to other developed nations, many of which could be described as more economically successful.
It is important to acknowledge that New Zealand has a broader problem with private debt that makes it harder to run a very large Crown debt.
According to Reserve Bank and Treasury figures, in the year to May 31, 2024, New Zealand hit a total of $827 billion in debt.
That includes all private and public debt and it is about 200% of GDP.
About $316b of that is mortgage debt, which we mostly owe to Australian banks.
The interest we pay on that drains out of the country in bank profits and helps keep our current account in deficit.
International credit rating agencies technically focus on Crown debt when they decide on a nation’s lending risk.
But they also assess our ability to keep paying the debt.
So issues like our level of private debt and the size of our current account deficit are relevant and curb the ability of our Government to borrow as much as it might otherwise.
One reason that some countries, like Japan, can get away with such high levels of Crown debt is that they own a lot of it internally.
In other words, the Japanese citizens have very high levels of savings, which offset the debt, and much of those savings is actually held in Japanese government bonds.
www.nzherald.co.nz
New Zealand does have a relatively low level of government debt to GDP compared to other developed nations, many of which could be described as more economically successful.
It is important to acknowledge that New Zealand has a broader problem with private debt that makes it harder to run a very large Crown debt.
According to Reserve Bank and Treasury figures, in the year to May 31, 2024, New Zealand hit a total of $827 billion in debt.
That includes all private and public debt and it is about 200% of GDP.
About $316b of that is mortgage debt, which we mostly owe to Australian banks.
The interest we pay on that drains out of the country in bank profits and helps keep our current account in deficit.
International credit rating agencies technically focus on Crown debt when they decide on a nation’s lending risk.
But they also assess our ability to keep paying the debt.
So issues like our level of private debt and the size of our current account deficit are relevant and curb the ability of our Government to borrow as much as it might otherwise.
One reason that some countries, like Japan, can get away with such high levels of Crown debt is that they own a lot of it internally.
In other words, the Japanese citizens have very high levels of savings, which offset the debt, and much of those savings is actually held in Japanese government bonds.
Inside Economics: How much Government debt is too much?
OPINION: Liam Dann takes a deeper dive into the week's economic news.
See the banks are complaining that they have to finished paying back the last $9.6 billion of the COVID money they received soon.
Really? They've had to pay OCR rate at the time they borrowed it in 2020 and 2021 (which was between 0.25% and 0.75% depending on when they borrowed it) but lent it out at 3% for the Small Business Extension Loans, 4.5%-5.0% for two year mortgages and between 10%-15% for standard business loans. Sorry, but I'm not shedding a tear for them with the excessive profits they made over that period.... especially when they knew that the loans from the RBNZ were only for three years.
www.nzherald.co.nz
Really? They've had to pay OCR rate at the time they borrowed it in 2020 and 2021 (which was between 0.25% and 0.75% depending on when they borrowed it) but lent it out at 3% for the Small Business Extension Loans, 4.5%-5.0% for two year mortgages and between 10%-15% for standard business loans. Sorry, but I'm not shedding a tear for them with the excessive profits they made over that period.... especially when they knew that the loans from the RBNZ were only for three years.
NZ banks face repaying $9.2b in cheap Covid loans in coming months
The money was borrowed during Covid times at a very low interest rate.
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