NationStates Jolt Archive


Economic Downturn: New Zealand

Lovely Boys
23-01-2006, 06:10
Well, job losses and the beginning of an economnic down turn in New Zealand.

The question is; we talk about the caring and sharing society, and yet, these same people who preach 'caring and sharing' would rather purchase a oak cabnet made in China than spending a few dollars on a New Zealand made oak cabnet.

I guess this 'instant gratification' is coming back to haunt NZ'ders, the same people who whine about losing their jobs are the same ones who want instant gratification and 'low, low, low prices' without thinking how those prices get so low, and who is the one at the end of the supply chain getting the royal screw job.

Now, I'm not advocating protectionism, but what I am saying is this; if you want to create jobs in NZ, and hold onto them - make the choice to purchase a few items that are made in NZ; don't go patriotically nuts and demand that EVERYTHING has to be made in NZ, but look through and say, "hey, I'll spend and extra few cents on this item, because I know a job is going to be created".
Potaria
23-01-2006, 06:11
The question is; we talk about the caring and sharing society, and yet, these same people who preach 'caring and sharing' would rather purchase a oak cabnet made in China than spending a few dollars on a New Zealand made oak cabnet.

Maybe they really can't afford something more expensive. Think before you speak: Some people are on a fixed budget, you know.
Lovely Boys
23-01-2006, 06:18
Maybe they really can't afford something more expensive. Think before you speak: Some people are on a fixed budget, you know.

*gives Protaria a prod* I *SAVE* my money, you know, putting a little bit of money away each week in a savings account, and then purchasing the item - NZ'ders used to do this years ago; save up a few pence each week to purchase a shirt or a pair of shoes; my mum used to put my shoes on layby when I was young (19 years ago), paying a little off each week.

Now, people want the item, not now, but 5 minutes ago - and they want it cheap, and they don't care how that cheapness is obtained; well, thats nice, they want that, but at the same time, they shouldn't turn around, after purchasing some chinese made $5 shoes, and complain that THEIR job in their local shoe factory has gone - and all they had to do is save up for a few weeks to purchase the same shoes they make at the factory at which they're employed.
[NS]Trans-human
23-01-2006, 11:14
*gives Protaria a prod* I *SAVE* my money, you know, putting a little bit of money away each week in a savings account, and then purchasing the item - NZ'ders used to do this years ago; save up a few pence each week to purchase a shirt or a pair of shoes; my mum used to put my shoes on layby when I was young (19 years ago), paying a little off each week.

Now, people want the item, not now, but 5 minutes ago - and they want it cheap, and they don't care how that cheapness is obtained; well, thats nice, they want that, but at the same time, they shouldn't turn around, after purchasing some chinese made $5 shoes, and complain that THEIR job in their local shoe factory has gone - and all they had to do is save up for a few weeks to purchase the same shoes they make at the factory at which they're employed.

You would save more if you bought the cheaper foreign made goods.
Harlesburg
23-01-2006, 11:21
Trans-human']You would save more if you bought the cheaper foreign made goods.
At what cost to New Zealand and it's economy?
Also buying New Zealand made is a safer bet that what you are buying wasn't made in some near prison by 8 year olds being paid less than a dollar a day.

You also get a greater sense of quality and pride in what you are buying.
Protecting New Zealand and New Zealanders should be more important than chasing a dollar in Mexico or India by moving assembly lines there.
Rotovia-
23-01-2006, 11:27
Did it ever have an upturn...?
Harlesburg
23-01-2006, 11:28
Did it ever have an upturn...?
yeah it went from 40 US to 54 in 3 days and now is at 69 US.
BITCH!
Monkeypimp
23-01-2006, 11:40
yeah it went from 40 US to 54 in 3 days and now is at 69 US.
BITCH!

It peaked at around 72 I think. It really pissed off our strawberry exporters because they couldn't take advantage of the yank thanksgiving.
[NS]Bazalonia
23-01-2006, 11:42
yeah it went from 40 US to 54 in 3 days and now is at 69 US.
BITCH!

Hehe... But that is mostly caused by your close economic ties to Aus who also have gone high... 1AUD is nearly always 1.10 NZD
Monkeypimp
23-01-2006, 11:47
Bazalonia']Hehe... But that is mostly caused by your close economic ties to Aus who also have gone high... 1AUD is nearly always 1.10 NZD


we've gone up against the oz a little bit too. The US dollar fell down at the same time as the NZ went up so it looked more dramatic.
Harlesburg
23-01-2006, 11:47
Bazalonia']Hehe... But that is mostly caused by your close economic ties to Aus who also have gone high... 1AUD is nearly always 1.10 NZD
Not really OZ has been kissing Americas butt and getting perks where as we get none.
Australia also wont accept our apples because they are better and subsidise their crappy wines so peopl don't buy ours.
*realises you are probably Australian*
It peaked at around 72 I think. It really pissed off our strawberry exporters because they couldn't take advantage of the yank thanksgiving.
Because they would prefer it to be back at 40c.
Peisandros
23-01-2006, 12:02
Blah.. Fuck having an economic downturn. Better not.
Don't really know what's happening though. Haven't seen news or read paper in like a week.. My bad
Silliopolous
23-01-2006, 15:50
Well, job losses and the beginning of an economnic down turn in New Zealand.

The question is; we talk about the caring and sharing society, and yet, these same people who preach 'caring and sharing' would rather purchase a oak cabnet made in China than spending a few dollars on a New Zealand made oak cabnet.

I guess this 'instant gratification' is coming back to haunt NZ'ders, the same people who whine about losing their jobs are the same ones who want instant gratification and 'low, low, low prices' without thinking how those prices get so low, and who is the one at the end of the supply chain getting the royal screw job.

Now, I'm not advocating protectionism, but what I am saying is this; if you want to create jobs in NZ, and hold onto them - make the choice to purchase a few items that are made in NZ; don't go patriotically nuts and demand that EVERYTHING has to be made in NZ, but look through and say, "hey, I'll spend and extra few cents on this item, because I know a job is going to be created".


It's like a bunch of Walmart shoppers complaining about how the job market sucks since the local manufacturing plants shut down.

People's actions just don't mirror what they claim are their real values. Ohh, they have lots of ways to justify it to themselves. After all, will their one little transgression really be the cause of all that economic loss to the country? Of course not! They're just one person right? And they just can't have quite as much "stuff" if they don't shop based primarily on price. Hell, quality hardly even enters the equation these days.

You just don't want to be an embarrassment to your friends by not having as much "stuff" as them. Or for your kids not to have as much stuff as their classmates.

Wouldn't want to be a social misfit after all.... so bring on more "stuff"!!!
Potaria
23-01-2006, 16:21
*gives Protaria a prod* I *SAVE* my money, you know, putting a little bit of money away each week in a savings account, and then purchasing the item - NZ'ders used to do this years ago; save up a few pence each week to purchase a shirt or a pair of shoes; my mum used to put my shoes on layby when I was young (19 years ago), paying a little off each week.

Now, people want the item, not now, but 5 minutes ago - and they want it cheap, and they don't care how that cheapness is obtained; well, thats nice, they want that, but at the same time, they shouldn't turn around, after purchasing some chinese made $5 shoes, and complain that THEIR job in their local shoe factory has gone - and all they had to do is save up for a few weeks to purchase the same shoes they make at the factory at which they're employed.

Ah, so it's people splurging rather than saving... Fuck them, then. If they're too stupid, tough shit.
Vetalia
23-01-2006, 16:25
The main reason why that would cause a slowdown is because there is such a large percent of the economy in manufacturing relative to services;

Even so, it's not really China's fault that the economy's slowing down. You import more than 50% of your products from the US, Australia, and Japan, so all protectionism would do is cause even more damage to the economy.
Vetalia
23-01-2006, 16:28
You could always look at it this way; in the US, if you want to buy cars made by American workers, you buy a Japanese car.:p

The best thing is, they are getting the same pay and benefits as they did at GM or Ford. It's obviously not the unions' fault that the companies are going under...

Or, you could buy one of those fine GM made-in-China SUVs and pay more for less quality! Oh, and you get 18 miles per gallon to boot!