Oh, is that the sound of a free market correction?

Is NZ oversupplied for retail? No, it’s the consumers who are wrong.

  • TagMeInSkipIGotThis@lemmy.nz
    link
    fedilink
    arrow-up
    8
    ·
    4 months ago

    If you go read up on the history of central banks using interest rate hikes to generate recessions to tame inflation its pretty damn consistent that they often end up overshooting and making things worse than they needed to be to achieve the same result.

  • Dave@lemmy.nzM
    link
    fedilink
    arrow-up
    7
    ·
    4 months ago

    She said Wellington was particularly affected by government job cuts, and the flow-on effects to other businesses.

    Many government job losses are not in Wellington, but the highest concentration is in Wellington, so the flow on impact of government job cuts as well as general cost cutting likely has a huge impact across the country.

  • eagleeyedtiger@lemmy.nz
    link
    fedilink
    English
    arrow-up
    6
    ·
    4 months ago

    I mean what do they expect? Literally everything is going up in price, Mortgage rates, insurance, power, food, internet etc. Unless you’re already well off I can imagine a lot of people are just paying to survive right now, let alone having money for discretionary spending. Not to mention we’re supposed to save and invest for our futures as well…

      • eagleeyedtiger@lemmy.nz
        link
        fedilink
        English
        arrow-up
        6
        ·
        4 months ago

        Things such as changing the sick leave rules would help ease the pressure on businesses, or simplifying the Holidays Act.

        “While the government doesn’t have any money they have other levers they can use to remove red tape.”

        Sounds like Retail NZ wants them to erode worker rights and protections as well, I’m sure those retail workers will appreciate that.

        • deadbeef79000@lemmy.nzOP
          link
          fedilink
          arrow-up
          5
          arrow-down
          1
          ·
          4 months ago

          Yeah, saw that and had a micro-rage.

          That kind of bullshit is what makes me vindictively reduce my retail spending.

  • Xcf456@lemmy.nz
    link
    fedilink
    arrow-up
    3
    ·
    4 months ago

    Oh, is that the sound of a free market correction?

    I get where you’re coming from, Retail NZ and the sector they represent (which is not all retailers of course) always come off as incredibly self absorbed and uncaring imo, particularly when they comment on employment stuff. Bunch of small business tyrants.

    But that lets the govt off the hook a bit I think. A lot of the article is Wellington focused, and talks about the link to the job cuts in the public sector and the way that’s been done. They’ve actively cratered things on top of a downturn that was already happening.