No Right Turn suggests that John Key is “intellectually shallow” (the Standard makes the same claim) for calling the employment rate the percentage of the working age population employed (ht CPW). I was surprised with this, as that is also the definition I use. Furthermore, it is the definition the OECD uses.
NRT’s belief that the employment rate = 1- UR is wrong, and it would be a relatively pointless statistic to release. However, just because he got it wrong does not lead me to the conclusion that he is “intellectually shallow”. In fact, I will appreciate his posts with the same amount of interest that I usually do. I just suspect that he should be a little more careful before throwing around stones attacking other peoples intelligence.
However, there is one place where I disagree with NRT AND John Key – “catching Australia” is a managerial consultants view of policy, and doesn’t make sense on either economic or social policy grounds. (Comments here, here, and here).
Update: Anti-Dismal agrees that this goal is weird.