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Speaker 1: So little something from the old perspective file. I thought

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Speaker 1: this morning. Although things are die and do and straight

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Speaker 1: up and down bad in some areas, they're not as

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Speaker 1: bad as headlines would lead you to believe. The best

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Speaker 1: line of high drama that I've read this week was

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Speaker 1: around jobs. It's like the Hunger Games, they said, is

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Speaker 1: it really? A lot of press has been given to

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Speaker 1: those who have lost jobs? Of like The reason for

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Speaker 1: this is because we haven't gone through a job loss

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Speaker 1: an area for a while in this country. But if

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Speaker 1: you been around a while, it isn't like the Hunger

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Speaker 1: Games or anywhere close to it. The unemployment rate is

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Speaker 1: four point three percent. It might be a little bit higher,

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Speaker 1: given some of our data is a bit out of date,

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Speaker 1: but at worst it is thought it may get to

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Speaker 1: five percent. Five percent in historic context is little more

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Speaker 1: than normal. What we are living through is moderately normal.

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Speaker 1: The same with interest rates at about six points something

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Speaker 1: maybe seven percent. Yes, a lot higher than what they

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Speaker 1: have been, but in context, not remotely unusual at all.

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Speaker 1: And in these examples is the value of institutional knowledge.

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Speaker 1: Much of the coverage of job losses and the ensuing

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Speaker 1: Hunger Games has been based around the public sas service,

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Speaker 1: which brings in another interesting aspect of jobs and choices.

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Speaker 1: I read the plight of a person recently laid off

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Speaker 1: who was off to Australia because the work they did

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Speaker 1: no longer existed here. They were going to Melbourne, where

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Speaker 1: the government puts more funding into the social work they do,

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Speaker 1: which is great if that's your calling. But choosing a

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Speaker 1: job so specialist it no longer even exists surely was

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Speaker 1: a risky choice in the first place. Like the person

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Speaker 1: whose story I also read who got laid off from

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Speaker 1: the Auckland light rail project, Surely when they applied they

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Speaker 1: knew that wasn't going to be long for this world.

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Speaker 1: Having lost a couple of jobs myself over the years,

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Speaker 1: there is no question it sucks, especially if it comes

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Speaker 1: as no fault of your own. But the job adds

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Speaker 1: may be down and the applications may be up, but

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Speaker 1: at no point is what we are going through any

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Speaker 1: more arduous, difficult or unusual than we have been through

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Speaker 1: many a time before, and indeed will go through again.

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Speaker 1: What I suspect has changed is resilience. There isn't as

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Speaker 1: much of it about these days, and that's why normal

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Speaker 1: seems like the hunger game. For more from the mic

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Speaker 1: Asking Breakfast, listen live to new Talk Set B from

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Speaker 1: six am weekdays, or follow the podcast on iHeartRadio