A Grant Thornton survey of employers in NZ and Australia reported in the Herald, has resulted in their prediction that the wage gap is set to increase.
They are predicting the brain drain to turn into a full flowing torrent.
Not really surprising. From unemployment being 4.2% in both countries in 2008 we now have 7.3% and going up and they have 5.3% and going down.
And what was the difference. The Aussie government took positive counter measures which minimised the employment flow on from the recession while John Key sat on his hands, ran a talk fest, and in fact made the situation worse with cuts.
I’m not sure whether Key knows what he is doing and is deeply cycnical, or doesn’t know what he is doing.
