Apologies for the lack of posting. I am currently in the process of finalising forecasts at my workplace – which of course involve traveling to the farthest reaches of New Zealand and battling mythical animals. In many ways its similar to the labours of Hercules – and as a result gives me little chance to post.
However, I do plan to write on the welfare reforms at some point, as its an issue I like to have an opinion on. This means I have to quickly point out that a lot of commentators and politicians are making a simple error – and they should stop – they are committing the lump of labour fallacy.
Sorry but the government doesn’t actually create jobs per see, outsourcing doesn’t “reduce the stock of jobs” here, and jobs are not the be all and end all of the universe. What matters is income, living standards, and subjective happiness – issues jobs are related too. However, the focus on work helps us to miss the point, and convinces politicians to introduce dumb policies that make many, if not all, of us worse off.
Now, time to get back to the Waikato to make battle with their ridiculously strong quarterly retail result.