NZ Politics

561 readers

1 users here now

Kia ora and welcome to the NZ Politics community!

This is a place for respectful discussions about everything that's political and kiwi

This is an inclusive space where diverse opinions are valued, but please don't be a dick

Other kiwi communities here

Banner image by Tom Ackroyd, CC-BY-SA

founded 1 year ago

MODERATORS

[email protected]

Another 26,000 'will be unemployed' before peak reached (www.rnz.co.nz)

submitted 6 months ago by [email protected] to c/[email protected]

18 comments fedilink hide all child comments

Surely all these people losing decent paying jobs will have no impact on the economy right? Definitely not a recession right?

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 2 points 6 months ago (1 children)

Yeah if 26k are dropped from the public service then there will definitely be businesses that supply the public sector that will also downsize as a result. Then there's the indirect impact - particularly in Wellington - of fewer public services spending money with local businesses that will then also cause a contraction in their profits.

[–] [email protected] 1 points 6 months ago (1 children)

But the article doesn't say 26k public service workers, it says 26k people total. So the 26k forecast must surely include flow on impacts of the 4k+ public service jobs lost?

[–] [email protected] 2 points 6 months ago

Oh right, sorry I didn't catch that part.

I guess its hard to know - because 26k probably includes people made redundant as part of the general downturn triggered by the reserve bank.