Tag Archives: Unemployment

Automation, immigration and low wages

Following on from other recent posts on the effect of automation and immigration on employment comes this Sydney Morning Herald article by Tony Featherstone – The white-collar jobs turning light blue. It goes further in criticising the over selling of tertiary education as a solution. Read the comments. The resentment of Australians towards immigrants, or […]

Why can’t we have full employment in New Zealand?

Somewhere in the last 30 years politicians and economists decided real full employment was “inefficient” and damaging to the economy. So they redefined full employment as the natural or equilibrium rate of unemployment,┬áthe lowest level of unemployment at which inflation remains stable. (Also known as the “non-accelerating inflation rate of unemployment” (NAIRU).) Economists start to […]

Robots, Unemployment and the Universal Basic Income

Remember the futurist dream of the 50’s and 60’s? The one where machines, computers and robots did all the menial jobs and provided not only business with increased productivity but employees better job fulfillment and more leisure time. It might still happen but it is going to take a radical change in the status quo […]