WEBVTT - The Panel: Inauguration, teacher shortage, Ratana

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<v Speaker 1>You're listening to the Weekend Collective podcast from News Talks

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<v Speaker 1>at Best Start Save for Things, Monyquee.

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<v Speaker 2>Start sa F Things Do Monay cham starts say.

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<v Speaker 3>It's past three.

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<v Speaker 4>I'm Jess Davidson in for the Weekend Collective on the Saturday,

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<v Speaker 4>the twenty fifth of January. Very soon we'll be joining

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<v Speaker 4>the panel today. We have Brad Olsen and Shane to

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<v Speaker 4>Poe who requested that very song to kick us off.

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<v Speaker 3>Today.

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<v Speaker 4>At four o'clock will have the one roof Property Hour,

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<v Speaker 4>Ashley Church joining us for that and you'll talk about

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<v Speaker 4>what makes a property valuable. From five o'clock we've got

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<v Speaker 4>Midwife gray Son for the first time today and we'll

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<v Speaker 4>talk parenting and also the recent increase an elective sea

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<v Speaker 4>sections in New Zealand. So that is coming up on

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<v Speaker 4>the remainder of the show for now, though, it is

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<v Speaker 4>wonderful to say a good afternoon to our panelists. Firstly

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<v Speaker 4>Brad Olson, chief Chief executive and principal economists at Informetrics.

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<v Speaker 5>Hi, Brad, good afternoon, It's wonderful to be back.

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<v Speaker 3>Yeare nice to be with you.

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<v Speaker 4>And Shane Depoe who requested that beautiful piece of music.

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<v Speaker 3>Commentator and blogger calda shade That's.

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<v Speaker 6>A Sunny Day originally written from by the one and

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<v Speaker 6>only Bruce Spinstein for Clarence Clemens.

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<v Speaker 3>There you go, folks, Oh, there you go.

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<v Speaker 4>Nice way to start things off. Will expect the caliber

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<v Speaker 4>of music to stay the saying the show, Shane's a

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<v Speaker 4>no pressure at all, ain't And of course Auckland Anniversary

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<v Speaker 4>holiday on Monday.

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<v Speaker 3>What are you both? What have you got planned for it?

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<v Speaker 6>Well? I'm a sporting tragic and I'll be watching two

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<v Speaker 6>great games I hope of American football, the Eagles versus

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<v Speaker 6>Washington and in the afternoon the Chiefs versus the Bills.

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<v Speaker 6>So I'm very pleased that those playoff games are happening

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<v Speaker 6>on a public holiday.

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<v Speaker 3>I would say so because that'll take about nine hours

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<v Speaker 3>out of your day, wouldn't least at least?

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<v Speaker 5>And what about you, brad Well, I'm actually Valentonium officially

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<v Speaker 5>at least. And so apparently Wellington Anniversary was this previous Monday.

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<v Speaker 5>And I say that because I went to the office

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<v Speaker 5>early on Monday morning. I thought that it was a

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<v Speaker 5>little bit quiet around But that's all right. It was

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<v Speaker 5>early in the morning and a couple of hours later

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<v Speaker 5>realized that it was a public holiday. So I'm also

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<v Speaker 5>I'm working this Monday. I've got meetings and some ofilar

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<v Speaker 5>coming up, but I'm trying to figure out what day

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<v Speaker 5>I might take off in the future. So no rest

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<v Speaker 5>of the wicked in the economy.

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<v Speaker 6>Hey, can I ask a question, Brad, Don't you work

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<v Speaker 6>for a national organizations? So couldn't you claim seven many

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<v Speaker 6>different regional holidays?

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<v Speaker 2>I don't know if that's how the law quite works.

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<v Speaker 5>And to be fear, from a productivity point of view,

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<v Speaker 5>if I claimed every regional holiday, I'd probably never do

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<v Speaker 5>any work.

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<v Speaker 3>Oh my goodness, gracious me.

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<v Speaker 4>Well, we're going to talk about teachers and they get

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<v Speaker 4>a rap for that, so we'll get to them, madjey course.

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<v Speaker 4>But I want to start off with Donald Trump's second inauguration?

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<v Speaker 4>Did you both watch it?

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<v Speaker 3>Shane?

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<v Speaker 6>Yes, I did it.

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<v Speaker 2>How did you get through all of it? Like I

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<v Speaker 2>watched all of it?

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<v Speaker 6>I didn't get through all of it. My gosh, it

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<v Speaker 6>wasn't that long ago. I lined up four hours to

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<v Speaker 6>watch him in New York. No, I didn't. I didn't

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<v Speaker 6>watch all of it. Look, I don't like the guy.

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<v Speaker 6>I despise the guy, but I'm just being very careful

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<v Speaker 6>over the next little while not to be just anti

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<v Speaker 6>Trump for the sake of being anti Trump. It was

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<v Speaker 6>it was theatrics. It was a little bit bizarre, and

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<v Speaker 6>but you know what, he came out with a very

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<v Speaker 6>strong range of policy position. A lot of it's I

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<v Speaker 6>don't know if I can say bullshit, but a lot

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<v Speaker 6>of it's published because he doesn't actually have the legal

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<v Speaker 6>authority to enact it. It has to go through Congress.

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<v Speaker 2>But they didn't stop him.

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<v Speaker 6>But they didn't stop him, and it galvanizes his supporters,

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<v Speaker 6>and he's got a few of.

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<v Speaker 5>Them, indeed. I mean, I think for me, it was

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<v Speaker 5>one of those things we're looking through. You know, he

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<v Speaker 5>had a lot of action. What was more important was

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<v Speaker 5>what he didn't do on an auguration day. We didn't

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<v Speaker 5>see tariff's immediately leveled. I know that's what the economist

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<v Speaker 5>is going to talk about, but like that, that's a

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<v Speaker 5>big one.

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<v Speaker 2>For New Zealand.

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<v Speaker 5>If we see terrorists come through, if we see trade

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<v Speaker 5>activity that's more difficult, like that has a very direct

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<v Speaker 5>influence on us. So it was I think encouraging to

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<v Speaker 5>see a little bit more restraint than we perhaps thought.

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<v Speaker 5>But still the thing that gets me looking through one

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<v Speaker 5>some of those announcements too, talking to businesses and households,

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<v Speaker 5>is just this level of uncertainty because we don't know

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<v Speaker 5>what he's going to do at any given moment, we

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<v Speaker 5>don't know how he's going to react, so all a

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<v Speaker 5>little bit of a big question coming through. What was

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<v Speaker 5>more impressive was that the new Sectory of State, Marc Rubio,

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<v Speaker 5>got sworn in immediately, and I think he's even had

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<v Speaker 5>a call with Winston Peters straight away, so like, at

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<v Speaker 5>least we're on the radar pretty quick, which is encouraging.

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<v Speaker 4>Yeah, it looks like a new ambassador has been appointed

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<v Speaker 4>today as well. But what I found intriguing was that

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<v Speaker 4>he didn't rest on his laurels. He was straight into

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<v Speaker 4>the office signing orders, including that very controversial one to

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<v Speaker 4>release the fifteen hundred protesters from January sixth.

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<v Speaker 6>Yeah the insigence. Yeah.

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<v Speaker 5>Well and then I mean it's one of those things

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<v Speaker 5>as well. Again and did he said all along he

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<v Speaker 5>was going to do that, So it came through pretty quickly.

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<v Speaker 5>There seems to be a lot that I still don't

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<v Speaker 5>quite understand it. I don't know if the American system

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<v Speaker 5>quite understands with the number of pardons and commutations and

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<v Speaker 5>that that came through I mean Biden the day before

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<v Speaker 5>he left office, you know, pardoned or retrospectively or productively pardoned. Yeah,

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<v Speaker 5>all of his family, you know, and then you had

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<v Speaker 5>these fifteen hundred you know that that got pardoned and released.

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<v Speaker 5>It's sort of the worry here is that everything in

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<v Speaker 5>the US has become so politicized and chaotic.

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<v Speaker 6>The big pardon was the guy behind the Silk Road.

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<v Speaker 6>This was.

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<v Speaker 2>It was like that black market online.

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<v Speaker 6>No, no, but this was a guy that actually directed

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<v Speaker 6>to murders. But he got caught up with the FBI

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<v Speaker 6>agent and he actually participated in the transaction. He just

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<v Speaker 6>didn't known the infrastructure. He actually participated, inn't it. And

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<v Speaker 6>I think he had three life sentences and he's body

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<v Speaker 6>had home.

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<v Speaker 2>Yeah.

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<v Speaker 4>Yeah, Well, there's many people scratching their heads after those pardons.

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<v Speaker 4>And the other head scratcher too, Shane. I'll get your

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<v Speaker 4>view on this. First was pulling out of the Paris

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<v Speaker 4>Agreement and climate change. Poor timing. The governor of California

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<v Speaker 4>very angry given what's happened just there.

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<v Speaker 6>Yeah, no, he doesn't care about that. His supporters wanted

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<v Speaker 6>him to pull out of their paro's agreement. He'd done

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<v Speaker 6>it before. He knows that he's got a sort of

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<v Speaker 6>wrestle with folks like Newsom in California. This is about

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<v Speaker 6>securing his base and also about calling his calling the

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<v Speaker 6>Congress and the Senate to order and saying you do

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<v Speaker 6>as I say.

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<v Speaker 4>And from an economy point of view, Brad, what kind

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<v Speaker 4>of a message does it send? Firstly, when he's talking

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<v Speaker 4>about landing on Mars and then claiming splitting the atom,

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<v Speaker 4>but surrounding himself with people like Elon Musk Bezos, what

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<v Speaker 4>kind of messages that sending to the rest of the world.

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<v Speaker 5>Well, I mean, there's obviously a few different leaders in

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<v Speaker 5>the US administration alongside Trump. I mean people I'm seeing

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<v Speaker 5>quite a lot of jokes online about President elect Musk

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<v Speaker 5>and Vice President Trump. You know, where people are saying

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<v Speaker 5>that Musks is sort of more important that The interesting

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<v Speaker 5>one for me is how business is responding and everyone

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<v Speaker 5>all the businesses are saying, look, we're not being political,

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<v Speaker 5>we're not being political. But you see the likes of

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<v Speaker 5>Facebook and Amazon and some of these big tech companies

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<v Speaker 5>who you know, were very close to the inauguration. They

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<v Speaker 5>were deliberately invited, they were given a very prominent position,

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<v Speaker 5>and lo and behold, you know, they're changing fact checkers

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<v Speaker 5>and they're changing the way their company policies have gone.

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<v Speaker 5>I do sort of worry that everyone is pandering a

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<v Speaker 5>little bit to However, the politics of the day shifts.

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<v Speaker 5>Business is generally not like that, but again in the US,

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<v Speaker 5>everything seems so much more hyper politicized. The difficulty for

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<v Speaker 5>us here in New Zealand is again going, well, how

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<v Speaker 5>do we operate in that environment when generally we don't

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<v Speaker 5>operate in the US system, we're not nearly as hyper politicized.

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<v Speaker 5>How do we turn how do we sort of negotiate

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<v Speaker 5>through this maneuvering? And I mean we talked a bit

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<v Speaker 5>about trade. We've talked about you know that, the changes

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<v Speaker 5>to the World Health Organization, the climate agreements. I think

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<v Speaker 5>the big one for us as that going forward, we're

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<v Speaker 5>not going to be able to just have our trade

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<v Speaker 5>envoys in the room. We need our national security people

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<v Speaker 5>and our big diplomats not just on the trade space,

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<v Speaker 5>but thinking broader because the next four years, in my mind,

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<v Speaker 5>they're going to be way more focused on security issues,

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<v Speaker 5>on geopolitical issues not nearly as much on trade. Trade

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<v Speaker 5>is secondary economics is secondary to getting those geopolitical aims done.

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<v Speaker 6>If you don't want, I got a couple of comments.

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<v Speaker 6>First of all, if the average American thinks that billen

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<v Speaker 6>years are going to share their wealth and act in

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<v Speaker 6>the average Americans best since just they're fooling themselves. I've

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<v Speaker 6>got two predictions for twenty twenty five. Ready for the

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<v Speaker 6>first one, go for it a pardon or someone that

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<v Speaker 6>lives in New Zealand dot com. Oh, go save that one, folks,

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<v Speaker 6>and if it happens, say you hit it first from

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<v Speaker 6>Shane to Poe. And the second one is that bitcoin

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<v Speaker 6>and its counterparts are going to skyrocket. These people are

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<v Speaker 6>the folks. They have got a lot of money're going

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<v Speaker 6>to pump it up, and they're going to dump it

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<v Speaker 6>and run.

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<v Speaker 5>Well, did you guys see the trump coin or whatever

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<v Speaker 5>that came out? Point that came up just before I

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<v Speaker 5>was like, I mean, okay, One, it just sort of

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<v Speaker 5>showed that you can make up anything these days and

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<v Speaker 5>it can rocket ship. But two, like, when have you

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<v Speaker 5>ever seen a US president very clearly try to profit

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<v Speaker 5>like T minus one day out from their presidency. And

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<v Speaker 5>I get that we're in different worlds and all this

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<v Speaker 5>thing is, all these sort of norms are changing, but

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<v Speaker 5>I thought that was that was really a different one

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<v Speaker 5>to go through to see Trump coin go, you know,

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<v Speaker 5>rocket ship to the moon.

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<v Speaker 4>Yeah, And speaking of rocket ships, Musk's trade sheeers doubled

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<v Speaker 4>as well after that announcement with Mars, so yeah, money money,

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<v Speaker 4>money speaks, massive, massive volumes. And of course the other

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<v Speaker 4>big announcement yesterday was the declassification of documents around assassinations.

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<v Speaker 3>What did you both make of that?

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<v Speaker 5>I can't wait to see what sort of Netflix documentaries

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<v Speaker 5>we're going to get out in the next couple of years.

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<v Speaker 5>But I mean, look, there's there's this view of like,

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<v Speaker 5>we're all going to uncover all these great secrets, and

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<v Speaker 5>I sort of feel like, given how many times official

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<v Speaker 5>documents get leaked and all that sort of thing, surely

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<v Speaker 5>by now we'd have bit of an idea. But hey, look,

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<v Speaker 5>I'll certainly be having a look, I'll have a dig

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<v Speaker 5>through at some point, but I don't know if we're

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<v Speaker 5>going to have necessarily the big revelations that everyone's hoping for.

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<v Speaker 6>I'm a tragic in many front and American politics. It

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<v Speaker 6>is one of them people that read me and follow

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<v Speaker 6>me to know this. I will read every single page really,

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<v Speaker 6>oh yeah, particularly around the JFK and RFK assassinations. I

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<v Speaker 6>think that RFK one is the most interesting. I don't

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<v Speaker 6>think she Runs. She Run was the was the primary assassin,

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<v Speaker 6>And funnily enough, I had a lengthy discussion with Bobby Jr.

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<v Speaker 6>A few years ago about this. So I'm going to

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<v Speaker 6>be watching and reading every single page ten times over.

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<v Speaker 5>What I want to know is when do the UFO

0:10:50.881 --> 0:10:51.481
<v Speaker 5>ones come out?

0:10:51.481 --> 0:10:54.441
<v Speaker 2>When do we get the well?

0:10:54.881 --> 0:10:59.801
<v Speaker 6>Yeah, oh, and they won't come out anytime soon Epstein.

0:10:59.841 --> 0:11:03.001
<v Speaker 4>Oh yeah, just saw a lot of comments online about that.

0:11:03.041 --> 0:11:05.721
<v Speaker 4>And also how much of these files will be redacted?

0:11:06.001 --> 0:11:06.201
<v Speaker 2>Yes?

0:11:06.521 --> 0:11:07.561
<v Speaker 3>Was the other question as.

0:11:07.441 --> 0:11:09.561
<v Speaker 5>Well, wasn't it the point of d classifying them was that,

0:11:09.601 --> 0:11:11.401
<v Speaker 5>like most of it shouldn't be redected.

0:11:11.441 --> 0:11:13.121
<v Speaker 2>I mean it's been that long.

0:11:13.201 --> 0:11:15.601
<v Speaker 5>I mean, what sort of investigation techniques from the FBI

0:11:15.601 --> 0:11:16.881
<v Speaker 5>we're going to learn at the slate piece.

0:11:16.961 --> 0:11:19.441
<v Speaker 6>But recently, one of the CI directors, I think he's

0:11:19.521 --> 0:11:21.801
<v Speaker 6>recently been shifted because what happens over there. If you've

0:11:21.801 --> 0:11:23.881
<v Speaker 6>got a federal job, you basically have to resign a

0:11:24.081 --> 0:11:27.241
<v Speaker 6>you know, and then they replace and people don't realize

0:11:27.281 --> 0:11:30.561
<v Speaker 6>it's quite deep. There's about eight thousand positions that are filled.

0:11:30.961 --> 0:11:37.241
<v Speaker 6>And so you know with the CIA leader, the last

0:11:37.241 --> 0:11:39.801
<v Speaker 6>CIA leader said that there are people that are still

0:11:39.841 --> 0:11:44.121
<v Speaker 6>alive that can could be jeopardized as a result of

0:11:44.481 --> 0:11:49.281
<v Speaker 6>releasing information in relation to the jfk assassination. My gosh,

0:11:49.401 --> 0:11:51.761
<v Speaker 6>if the guy was eighteen ninety, he b in his

0:11:51.801 --> 0:11:52.401
<v Speaker 6>mid eighties.

0:11:52.441 --> 0:11:56.961
<v Speaker 4>Now, yeah, well we wait with Beata breath to see.

0:11:57.201 --> 0:11:59.721
<v Speaker 4>As you say, it's like a Netflix show in itself,

0:11:59.801 --> 0:12:02.321
<v Speaker 4>so we'll see what comes out next. I do want

0:12:02.361 --> 0:12:04.601
<v Speaker 4>to move on to the teacher shortage ahead of the

0:12:04.641 --> 0:12:08.001
<v Speaker 4>new year, and it is shocking. I myself have an

0:12:08.001 --> 0:12:10.441
<v Speaker 4>eleven year old son and I know my school is impacted.

0:12:10.481 --> 0:12:14.321
<v Speaker 4>But it's not just teachers. It's also principles. Guys, Why

0:12:14.361 --> 0:12:16.641
<v Speaker 4>do we have this problem. Do we just have a

0:12:16.761 --> 0:12:19.121
<v Speaker 4>lack of respect for teachers? Is that the big thing?

0:12:19.161 --> 0:12:24.881
<v Speaker 6>Shane, Yeah, we don't value teachers. This is also pay

0:12:24.921 --> 0:12:29.561
<v Speaker 6>parity issues. We've paid teachers less and nurses less because

0:12:29.561 --> 0:12:34.321
<v Speaker 6>it's been a heavily female dominated industry in the past.

0:12:34.361 --> 0:12:39.441
<v Speaker 6>This is about pay equity and it's a big issue,

0:12:39.441 --> 0:12:41.641
<v Speaker 6>and there have been. The thing is, over the last

0:12:41.641 --> 0:12:43.761
<v Speaker 6>ten to fifteen years have been some pretty big jumps.

0:12:43.801 --> 0:12:47.961
<v Speaker 6>Teachers have had a twenty thirty percent increase. And the

0:12:48.001 --> 0:12:50.761
<v Speaker 6>other thing is that, you know, I've just got a

0:12:50.761 --> 0:12:52.721
<v Speaker 6>boy that's left high school and the girl that's only

0:12:52.761 --> 0:12:56.481
<v Speaker 6>got a couple of years. But my gosh, I walked

0:12:56.521 --> 0:12:59.441
<v Speaker 6>past our school at six thirty in the morning walking

0:12:59.481 --> 0:13:02.321
<v Speaker 6>the dog. The car parker is full, teachers are at work.

0:13:02.601 --> 0:13:05.401
<v Speaker 6>I come back at five thirty six o'clock, there's still there.

0:13:05.841 --> 0:13:08.121
<v Speaker 6>And the other thing is that the parents expect a

0:13:08.241 --> 0:13:10.481
<v Speaker 6>heck of a lot more to go to visit my

0:13:10.681 --> 0:13:12.641
<v Speaker 6>kid school, particularly when they're teenagers. I don't want to

0:13:12.681 --> 0:13:15.401
<v Speaker 6>embarrass them, but you've got parents lining up.

0:13:15.641 --> 0:13:17.041
<v Speaker 2>You've got parents lining.

0:13:16.841 --> 0:13:19.521
<v Speaker 6>Up every day all day to talk to the teacher.

0:13:19.801 --> 0:13:22.281
<v Speaker 6>And the other big issue about teaching is that, you know,

0:13:22.321 --> 0:13:24.841
<v Speaker 6>I live in Epsom, I live in inner city. Our

0:13:24.921 --> 0:13:27.921
<v Speaker 6>teachers have to travel about it hour to work because

0:13:27.921 --> 0:13:31.361
<v Speaker 6>they can't afford to live near their schools.

0:13:31.441 --> 0:13:35.001
<v Speaker 3>Yeah wow, wow, what about you, Brad? What's going wrong?

0:13:35.081 --> 0:13:36.361
<v Speaker 3>And how do we get more teachers?

0:13:36.441 --> 0:13:38.201
<v Speaker 5>Well, I mean, this is the worry that I have

0:13:38.361 --> 0:13:41.361
<v Speaker 5>is that how many you know, January February stories have

0:13:41.401 --> 0:13:44.001
<v Speaker 5>there been in the last decade about aleck of teachers.

0:13:44.241 --> 0:13:46.401
<v Speaker 5>We seem to identify the issue every year and then

0:13:46.441 --> 0:13:48.641
<v Speaker 5>we sort of, I don't know, from a policy point

0:13:48.641 --> 0:13:51.241
<v Speaker 5>of view, go to sleep because we clearly haven't solved it.

0:13:51.321 --> 0:13:53.521
<v Speaker 5>Why have we not got the proper sort of pipeline.

0:13:53.601 --> 0:13:55.721
<v Speaker 5>I definitely agree part of its pay. I think part

0:13:55.761 --> 0:13:58.481
<v Speaker 5>of it's also I mean, Jesse, you noted that the Principles,

0:13:58.521 --> 0:14:00.361
<v Speaker 5>but I think that's the one that worries me a

0:14:00.401 --> 0:14:02.601
<v Speaker 5>bit more because you can put in place, you know,

0:14:02.681 --> 0:14:04.921
<v Speaker 5>a greater ability to train up a number of teachers.

0:14:05.041 --> 0:14:07.841
<v Speaker 5>Are some good initiatives that are going The worry for

0:14:07.881 --> 0:14:09.881
<v Speaker 5>me is those principal positions. You can't just do a

0:14:09.921 --> 0:14:11.721
<v Speaker 5>quick course and all of a sudden you're good. That's

0:14:11.761 --> 0:14:14.561
<v Speaker 5>a long lead time. But also the work that Principles

0:14:14.561 --> 0:14:16.681
<v Speaker 5>are doing these days is so much more detailed, so

0:14:16.761 --> 0:14:18.601
<v Speaker 5>much bigger of a task than it used to be.

0:14:18.681 --> 0:14:21.401
<v Speaker 5>You know, they've got to be you know, looking after

0:14:21.441 --> 0:14:23.521
<v Speaker 5>all of the health and safety. They've got to you know,

0:14:23.561 --> 0:14:26.881
<v Speaker 5>worry about everyone's sort of well being, both staff and

0:14:26.921 --> 0:14:28.641
<v Speaker 5>the wider community, and all this sort of things. So

0:14:28.681 --> 0:14:31.281
<v Speaker 5>there's a lot in there, but it just frustrates me

0:14:31.321 --> 0:14:32.761
<v Speaker 5>that each and every year we get to this point

0:14:32.801 --> 0:14:34.681
<v Speaker 5>and we go, oh, we haven't got enough teachers. We've

0:14:34.761 --> 0:14:37.521
<v Speaker 5>identified this for long enough. And my big thing government

0:14:37.521 --> 0:14:40.161
<v Speaker 5>at the moment is talking about tertiary education and about

0:14:40.161 --> 0:14:43.641
<v Speaker 5>what's happening to training sort of more broader going forward.

0:14:43.721 --> 0:14:46.041
<v Speaker 5>We need to get way smarter at instead of saying

0:14:46.041 --> 0:14:48.201
<v Speaker 5>to everyone, look, do whatever course you want at whatever

0:14:48.241 --> 0:14:50.161
<v Speaker 5>time you want, and sort of we will provide a

0:14:50.161 --> 0:14:52.761
<v Speaker 5>bit of support for everything. Be a bit more targeted.

0:14:52.961 --> 0:14:54.641
<v Speaker 5>Government needs to go through, in my mind, have a

0:14:54.721 --> 0:14:57.321
<v Speaker 5>national skills plan and go, look, we always say we

0:14:57.361 --> 0:14:59.601
<v Speaker 5>haven't got enough teachers. We always say we haven't got

0:14:59.681 --> 0:15:02.361
<v Speaker 5>enough water technicians. We always say that we don't have

0:15:02.481 --> 0:15:05.601
<v Speaker 5>enough nurses. So let's train a certain number each every year,

0:15:05.721 --> 0:15:07.361
<v Speaker 5>and look, you get a full ride. Because I've seen

0:15:07.361 --> 0:15:09.441
<v Speaker 5>a number of times before if someone had said to

0:15:09.481 --> 0:15:12.041
<v Speaker 5>me that, Brad, if you go and do the training

0:15:12.081 --> 0:15:13.641
<v Speaker 5>and will pay for you to become a water tech

0:15:13.761 --> 0:15:15.761
<v Speaker 5>or a teacher or whatever, I probably wouldn't be here

0:15:15.761 --> 0:15:18.081
<v Speaker 5>as an economist today because I'd follow the money. So

0:15:18.281 --> 0:15:20.241
<v Speaker 5>give people an incentive and they will go that way.

0:15:20.321 --> 0:15:22.601
<v Speaker 6>Can I also say the other thing is that a

0:15:22.681 --> 0:15:26.281
<v Speaker 6>huge pipeline has died up. I'm in my mid to

0:15:26.321 --> 0:15:29.281
<v Speaker 6>late fifties now and we had a lot of Australian

0:15:29.321 --> 0:15:32.321
<v Speaker 6>and English teachers. They just don't come here anymore. They

0:15:32.401 --> 0:15:33.561
<v Speaker 6>just don't come here anymore.

0:15:33.721 --> 0:15:35.041
<v Speaker 3>Is that because of pay Shane?

0:15:35.721 --> 0:15:35.961
<v Speaker 2>Yeah?

0:15:36.081 --> 0:15:39.201
<v Speaker 6>Yeah, yeah, Look people are going the other way. Yeah,

0:15:40.001 --> 0:15:43.561
<v Speaker 6>we're losing hundreds hundreds of teachers a year because they're

0:15:43.561 --> 0:15:47.401
<v Speaker 6>moving to places like Brisbane. They're earning thirty percent more,

0:15:47.441 --> 0:15:51.201
<v Speaker 6>they're paying thirty percent less for their rent or their

0:15:51.241 --> 0:15:56.361
<v Speaker 6>mortgage and they've got a good, solid, stable superannuation plan

0:15:56.401 --> 0:15:57.841
<v Speaker 6>that gives them a twelve percent return.

0:15:58.401 --> 0:15:58.641
<v Speaker 2>Yeah.

0:15:58.721 --> 0:16:00.681
<v Speaker 5>I think the big one going forward for me is

0:16:00.721 --> 0:16:02.721
<v Speaker 5>that also there's all these changes coming through to the

0:16:02.761 --> 0:16:05.521
<v Speaker 5>curriculum from government, and look, I really hope that because

0:16:05.521 --> 0:16:08.361
<v Speaker 5>we've had education issues over a longer period of time.

0:16:08.401 --> 0:16:11.321
<v Speaker 5>It's not one any one government's fault. But we really

0:16:11.361 --> 0:16:14.081
<v Speaker 5>are in the position now unless we change it, we're

0:16:14.121 --> 0:16:15.761
<v Speaker 5>in for a world of pain in terms of not

0:16:15.881 --> 0:16:18.681
<v Speaker 5>having enough smart up and comers coming through, and that's

0:16:18.681 --> 0:16:20.481
<v Speaker 5>where teachers do a huge amount of work. So I

0:16:20.521 --> 0:16:23.001
<v Speaker 5>really do hope that some of the government changes coming through,

0:16:23.001 --> 0:16:25.441
<v Speaker 5>some of the resources they're trying to push out do

0:16:25.601 --> 0:16:27.961
<v Speaker 5>work and help our teachers a lot more, rather than

0:16:28.001 --> 0:16:30.121
<v Speaker 5>put a whole new burden of more and more work

0:16:30.161 --> 0:16:32.161
<v Speaker 5>on top of people who are already doing a lot.

0:16:32.401 --> 0:16:34.681
<v Speaker 4>Yeah, because it's all well and good saying we're changing things,

0:16:34.681 --> 0:16:37.641
<v Speaker 4>we're adding more things. But the thing that strikes me, guys,

0:16:37.761 --> 0:16:40.521
<v Speaker 4>is the amount of non teaching work our teachers do,

0:16:40.801 --> 0:16:45.281
<v Speaker 4>our social workers, they're counselors that they're looking after more often.

0:16:45.321 --> 0:16:49.601
<v Speaker 4>They're not hungry kids, upset kids. They aren't just teachers anymore.

0:16:49.641 --> 0:16:52.241
<v Speaker 4>In fact, when there was talk back this week, some

0:16:52.321 --> 0:16:54.761
<v Speaker 4>were calling in saying that around twenty percent of what

0:16:54.801 --> 0:16:57.801
<v Speaker 4>they do each day is actually teaching, the rest is

0:16:57.881 --> 0:16:58.801
<v Speaker 4>managing behavior.

0:16:59.041 --> 0:17:02.801
<v Speaker 6>Well, look, teaching is a tough gig. But the reality

0:17:02.921 --> 0:17:05.681
<v Speaker 6>is if you are a teacher, say it at an

0:17:05.721 --> 0:17:09.441
<v Speaker 6>epsom or meadow bank, or you get a bigger gig

0:17:10.961 --> 0:17:13.521
<v Speaker 6>and the same amount of pay, a better gig and

0:17:13.721 --> 0:17:16.401
<v Speaker 6>the same amount of pay compared to a teaching manga

0:17:16.641 --> 0:17:21.841
<v Speaker 6>and or those folks do it tough on lots of fronts,

0:17:21.841 --> 0:17:25.841
<v Speaker 6>not just the teaching front, but the attendance fronts the

0:17:28.281 --> 0:17:33.841
<v Speaker 6>law and disorder in the local community. When we've got

0:17:33.841 --> 0:17:36.601
<v Speaker 6>a teacher shortage and you and you talk about those

0:17:37.081 --> 0:17:43.681
<v Speaker 6>socioeconomic areas of disproportionately pop pop poverty, it's even more

0:17:43.881 --> 0:17:46.521
<v Speaker 6>in the it's even more exacerbated.

0:17:47.081 --> 0:17:49.521
<v Speaker 5>It's also one of those things for teachers. I think

0:17:49.561 --> 0:17:51.961
<v Speaker 5>we could all name a few great teachers that we

0:17:52.001 --> 0:17:54.521
<v Speaker 5>had in our lives. Those make or break where people

0:17:54.561 --> 0:17:56.801
<v Speaker 5>go in the future. The other people that either push

0:17:56.841 --> 0:17:59.361
<v Speaker 5>you into doing bigger and better things and sort of

0:17:59.401 --> 0:18:01.601
<v Speaker 5>back you to the hilt and keep you going, or

0:18:01.641 --> 0:18:03.641
<v Speaker 5>they make it so much harder for you to keep going.

0:18:03.881 --> 0:18:05.601
<v Speaker 5>And a lot of the time that's because they don't

0:18:05.601 --> 0:18:07.961
<v Speaker 5>have the right time, the right resources themselves, because I've

0:18:07.961 --> 0:18:10.441
<v Speaker 5>got so much work to do, so I told I mean, look,

0:18:10.521 --> 0:18:13.281
<v Speaker 5>good teachers are absolutely gold, and we've got to got

0:18:13.321 --> 0:18:15.161
<v Speaker 5>to keep supporting them. But at the moment, it is

0:18:15.201 --> 0:18:18.001
<v Speaker 5>one of those challenges where the fewer we have and

0:18:18.041 --> 0:18:20.521
<v Speaker 5>the more we obviously need to hire to get in,

0:18:20.681 --> 0:18:23.841
<v Speaker 5>the more pressure that places on people who are currently there.

0:18:23.961 --> 0:18:25.841
<v Speaker 5>And so this is I think again, it's not going

0:18:25.921 --> 0:18:27.601
<v Speaker 5>to be a quick fix. But man, the longer we

0:18:27.681 --> 0:18:29.121
<v Speaker 5>leave it, the harder it becomes to do.

0:18:29.721 --> 0:18:31.801
<v Speaker 4>Yeah, you're not wrong, and the narrative has to change.

0:18:31.841 --> 0:18:34.201
<v Speaker 4>We have to respect the more, stop having digs about

0:18:34.201 --> 0:18:37.001
<v Speaker 4>teacher only days and how many holidays they have, and

0:18:37.041 --> 0:18:39.921
<v Speaker 4>make it more attractive for someone to become a teacher.

0:18:40.361 --> 0:18:42.321
<v Speaker 3>Thank you, gentlemen. We will take a quick break.

0:18:42.481 --> 0:18:44.641
<v Speaker 4>We are with the panel on the Weekend Collective brad

0:18:44.641 --> 0:18:46.961
<v Speaker 4>Olsen and Shane to Poe. On the other side, we'll

0:18:47.001 --> 0:18:50.441
<v Speaker 4>be talking about act and the Estate of the Nation address.

0:18:50.441 --> 0:18:52.881
<v Speaker 4>It is twenty five minutes past three. Jess Davidson with

0:18:52.921 --> 0:18:56.041
<v Speaker 4>you today. Tim is away, well owned, well earned break

0:18:56.081 --> 0:18:58.641
<v Speaker 4>for him and our panel today. Brad Olsen, who is

0:18:58.761 --> 0:19:01.921
<v Speaker 4>chief executive and principal economists for Informetrics, and Shane to

0:19:02.041 --> 0:19:05.641
<v Speaker 4>Poe comment commentator and blogger. And we're going to us now.

0:19:06.161 --> 0:19:09.121
<v Speaker 4>We've heard, haven't we guys. Everyone's had their State of

0:19:09.161 --> 0:19:11.201
<v Speaker 4>the Nation pretty much this week. We've heard from the

0:19:11.321 --> 0:19:14.081
<v Speaker 4>National Party also, Labor have been talking a big game

0:19:14.521 --> 0:19:17.521
<v Speaker 4>and it was ax turn yesterday with David Seymour coming

0:19:17.521 --> 0:19:19.841
<v Speaker 4>out and saying New Zealand needs to get past the

0:19:20.081 --> 0:19:25.121
<v Speaker 4>squeamishness about privatization and saying that we need to make

0:19:25.121 --> 0:19:27.121
<v Speaker 4>some big calls about what we actually own.

0:19:27.561 --> 0:19:30.281
<v Speaker 3>Brad, what was your reaction to Seymour's speech.

0:19:30.721 --> 0:19:33.281
<v Speaker 5>Look, I do get some of David Seamore's point there

0:19:33.321 --> 0:19:36.361
<v Speaker 5>around the likes of privatization and but more from the

0:19:36.401 --> 0:19:39.761
<v Speaker 5>point of view of going should government be doing this?

0:19:39.961 --> 0:19:41.721
<v Speaker 5>Is it a smart move? Is it something that no

0:19:41.761 --> 0:19:44.481
<v Speaker 5>one else can do? Or is the government sort of

0:19:44.521 --> 0:19:47.281
<v Speaker 5>just taking up the spot of the private sector itself,

0:19:47.601 --> 0:19:50.361
<v Speaker 5>especially when look, we've got some big financial issues. From

0:19:50.361 --> 0:19:52.441
<v Speaker 5>the government account's point of view, we're looking likely to

0:19:52.481 --> 0:19:53.761
<v Speaker 5>be in deficit for the next.

0:19:53.681 --> 0:19:54.401
<v Speaker 2>Half a decade.

0:19:54.681 --> 0:19:57.561
<v Speaker 5>The numbers aren't good, so I do very much understand

0:19:57.601 --> 0:20:00.241
<v Speaker 5>that point. I think the difficulty or the worry there

0:20:00.401 --> 0:20:03.521
<v Speaker 5>is again, once you've made some asset sales, once you've

0:20:03.521 --> 0:20:05.681
<v Speaker 5>pushed them away one, you can't get them back nearly

0:20:05.721 --> 0:20:08.241
<v Speaker 5>as easily too. Where is this money going to go?

0:20:08.281 --> 0:20:10.401
<v Speaker 5>And that's probably the big question for me is that yes,

0:20:10.441 --> 0:20:11.881
<v Speaker 5>it's all fine and well to say, look, we might

0:20:11.921 --> 0:20:14.441
<v Speaker 5>privatize a few more things, government might not be good

0:20:14.441 --> 0:20:16.521
<v Speaker 5>at doing it, but I think the question should remain

0:20:16.601 --> 0:20:18.241
<v Speaker 5>for the public what are we going to do with

0:20:18.241 --> 0:20:20.761
<v Speaker 5>the money? And out the other end, what.

0:20:20.721 --> 0:20:22.481
<v Speaker 3>About you, Shane, what did you make of it?

0:20:22.641 --> 0:20:25.921
<v Speaker 6>I think it's I think that he's an extremist on

0:20:25.961 --> 0:20:27.761
<v Speaker 6>the issue and he won't get half the agenda. The

0:20:27.801 --> 0:20:31.041
<v Speaker 6>other thing is that let's recognize folk the other portion

0:20:31.161 --> 0:20:35.081
<v Speaker 6>of the coalition is an economic nationalist. That's not my words,

0:20:35.161 --> 0:20:38.041
<v Speaker 6>that's his words, and that's Winston Peterson saying Jones, So

0:20:38.161 --> 0:20:40.281
<v Speaker 6>good luck with that day one, David. Simple, but it's

0:20:40.281 --> 0:20:43.121
<v Speaker 6>pretty simple, and you can break it down to your

0:20:43.121 --> 0:20:45.081
<v Speaker 6>own fuddy and your own work, your own car. You

0:20:45.121 --> 0:20:47.961
<v Speaker 6>sell your car, how are you going to get around? Well,

0:20:48.001 --> 0:20:49.401
<v Speaker 6>you're going to have to spend a bit of money

0:20:49.401 --> 0:20:50.841
<v Speaker 6>on a bus or you're going to have to lease

0:20:50.881 --> 0:20:55.001
<v Speaker 6>a car. And that's what happens when you privatize our

0:20:55.121 --> 0:20:58.521
<v Speaker 6>national assets. You just end up paying for them through

0:20:58.561 --> 0:21:00.841
<v Speaker 6>a different way. And one of the things that he's

0:21:00.841 --> 0:21:04.321
<v Speaker 6>spoken about is public health and saying to the New Zealander,

0:21:04.361 --> 0:21:05.721
<v Speaker 6>we're going to give you six thousand bucks and you

0:21:05.841 --> 0:21:09.041
<v Speaker 6>go and get up whatever insurance you're likely to get

0:21:09.401 --> 0:21:12.961
<v Speaker 6>if you are abeese, or if you've got diabetes, or

0:21:13.001 --> 0:21:15.641
<v Speaker 6>if you've got preconditions as we know in America, which

0:21:15.641 --> 0:21:19.241
<v Speaker 6>to the highest level of personal breakruancy bankruptcy is health

0:21:19.321 --> 0:21:23.321
<v Speaker 6>insurance or the lack thereof. It's not good for the

0:21:23.481 --> 0:21:26.641
<v Speaker 6>mid to long term in terms of people's health, So

0:21:27.401 --> 0:21:30.321
<v Speaker 6>be careful of the extremes. But I think what we'll

0:21:30.321 --> 0:21:32.801
<v Speaker 6>do is we'll end up somewhere in the middle. I

0:21:32.841 --> 0:21:35.161
<v Speaker 6>think if we're going to have more roads and more bridges,

0:21:35.241 --> 0:21:37.961
<v Speaker 6>we probably have to pay some tolls, and we're probably

0:21:37.961 --> 0:21:40.801
<v Speaker 6>going to have to get some private public private public

0:21:40.921 --> 0:21:45.041
<v Speaker 6>partnerships with a bit of international equity involved. Part of

0:21:45.041 --> 0:21:47.321
<v Speaker 6>the problem, brands of the economists, I'm not part of

0:21:47.361 --> 0:21:49.001
<v Speaker 6>the problem is a lot of these projects are big

0:21:49.001 --> 0:21:52.401
<v Speaker 6>to us but small to the international companies, and whether

0:21:52.441 --> 0:21:55.481
<v Speaker 6>they'd be interested in investing their money for a project

0:21:55.521 --> 0:21:57.641
<v Speaker 6>all the way in New Zealand where perhaps they could

0:21:57.641 --> 0:22:00.881
<v Speaker 6>just build more roads and bridges in Texas or in Arkansas.

0:22:01.761 --> 0:22:05.001
<v Speaker 6>Transferring the investments in here is not going to be easy.

0:22:05.401 --> 0:22:06.081
<v Speaker 2>But I think as well.

0:22:06.121 --> 0:22:07.361
<v Speaker 5>I mean, you look at the likes of these but

0:22:07.401 --> 0:22:10.281
<v Speaker 5>the PPPs and a lot of that talk, particularly around infrastructure,

0:22:10.321 --> 0:22:12.881
<v Speaker 5>and I get it. But if I'm an overseas investor,

0:22:13.041 --> 0:22:15.601
<v Speaker 5>what am I actually buying? Like there isn't currently something

0:22:15.601 --> 0:22:19.161
<v Speaker 5>that's see on any government website that says here international investor,

0:22:19.201 --> 0:22:21.081
<v Speaker 5>here are the four PPPs you can invest in, Like

0:22:21.081 --> 0:22:22.441
<v Speaker 5>you're going to go and have to go through some

0:22:22.601 --> 0:22:25.001
<v Speaker 5>NBA officials first, then you might have gone to some

0:22:25.081 --> 0:22:27.161
<v Speaker 5>ministers and they'll eventually go to Cabinet and they.

0:22:27.121 --> 0:22:27.761
<v Speaker 2>Might sign it off.

0:22:27.881 --> 0:22:30.521
<v Speaker 5>If I'm an investor overseas, I find way better opportunities

0:22:30.521 --> 0:22:33.161
<v Speaker 5>that are way quicker, way faster, And I think that's why,

0:22:33.521 --> 0:22:35.601
<v Speaker 5>especially in the Prime Minister State of the Nation, I

0:22:35.641 --> 0:22:38.361
<v Speaker 5>do think this invest in z organization that is a

0:22:38.441 --> 0:22:40.281
<v Speaker 5>real winner for me because that is one of the

0:22:40.321 --> 0:22:43.401
<v Speaker 5>issues that often comes up from overseas investors. But I mean, Shane,

0:22:43.401 --> 0:22:45.001
<v Speaker 5>you've just been talking about health, and I think you're

0:22:45.001 --> 0:22:47.321
<v Speaker 5>exactly right. I think that is a very dangerous road

0:22:47.361 --> 0:22:49.681
<v Speaker 5>to go down. But here's the difference, and here's my

0:22:49.801 --> 0:22:53.601
<v Speaker 5>part around particularly the privatization as a country, as society,

0:22:53.681 --> 0:22:55.881
<v Speaker 5>I think we sort of say, look, health is something

0:22:55.921 --> 0:22:58.201
<v Speaker 5>that is not really a for profit thing. It's something

0:22:58.201 --> 0:23:00.681
<v Speaker 5>that we think has to be provided for all people

0:23:00.721 --> 0:23:03.161
<v Speaker 5>because those who can't afford it will get sicker and

0:23:03.201 --> 0:23:05.681
<v Speaker 5>they won't be nearly as well off. But other things,

0:23:05.881 --> 0:23:08.081
<v Speaker 5>and I mean you think about the likes of electricity

0:23:08.081 --> 0:23:10.441
<v Speaker 5>companies and similar, why on Earth, through the government run

0:23:10.481 --> 0:23:13.641
<v Speaker 5>an electricity company? Why and more importantly, if they own

0:23:13.681 --> 0:23:16.361
<v Speaker 5>an electricity company, why shouldn't they own everything? Well most

0:23:16.361 --> 0:23:18.641
<v Speaker 5>of the time, because they'll rubbished it. So I do

0:23:18.681 --> 0:23:21.361
<v Speaker 5>think that again, on some areas like health, I'm pretty

0:23:21.521 --> 0:23:24.721
<v Speaker 5>very strongly supportive of keeping it as a public ownership model,

0:23:25.121 --> 0:23:27.961
<v Speaker 5>very strongly, very very strongly. Other stuff, I go, well,

0:23:27.961 --> 0:23:30.561
<v Speaker 5>if it's setting a market price and it's getting households

0:23:30.601 --> 0:23:32.721
<v Speaker 5>to pay, why on earth does the government think it's

0:23:32.721 --> 0:23:33.121
<v Speaker 5>the best one?

0:23:33.401 --> 0:23:35.361
<v Speaker 6>Yeah, I get that, but a part privatization and that

0:23:35.561 --> 0:23:39.481
<v Speaker 6>just hasn't benefited the you and I. It hasn't benefited

0:23:39.681 --> 0:23:42.321
<v Speaker 6>people that use power basically.

0:23:42.001 --> 0:23:45.481
<v Speaker 2>But nor has government control on that.

0:23:45.481 --> 0:23:48.561
<v Speaker 6>But the thing is that they were legacy investments by us,

0:23:48.601 --> 0:23:52.361
<v Speaker 6>the tax payer, and we're paying ourselves to extract our

0:23:52.481 --> 0:23:55.841
<v Speaker 6>own electricity. And the reality is part of the problem, folks,

0:23:55.841 --> 0:24:00.441
<v Speaker 6>is we're actually quite small and there isn't the economies

0:24:00.481 --> 0:24:03.361
<v Speaker 6>of efficiencies that exist, and I think that's going to

0:24:03.401 --> 0:24:05.921
<v Speaker 6>play the problem with or an investment.

0:24:06.081 --> 0:24:08.601
<v Speaker 5>I think my big thing on on privatization, you look

0:24:08.601 --> 0:24:10.401
<v Speaker 5>at some of the options on the table, you look

0:24:10.401 --> 0:24:12.481
<v Speaker 5>at some of the stuff that we currently own. Unless

0:24:12.521 --> 0:24:15.281
<v Speaker 5>government is going to be directive, unless it's going to say, look,

0:24:15.321 --> 0:24:18.081
<v Speaker 5>I own fifty one percent of a lot of electricity

0:24:18.081 --> 0:24:20.001
<v Speaker 5>companies and I'm going to direct them to do stuff,

0:24:20.361 --> 0:24:22.481
<v Speaker 5>or you know, I own a bank they don't even

0:24:22.481 --> 0:24:24.881
<v Speaker 5>government doesn't even bank with their own bank that they own.

0:24:24.921 --> 0:24:26.721
<v Speaker 5>If they're not willing to put their own money where

0:24:26.721 --> 0:24:28.721
<v Speaker 5>their mouth is, then we shouldn't own it. Why on

0:24:28.761 --> 0:24:30.841
<v Speaker 5>earth If I'm a normal member of the public and

0:24:30.881 --> 0:24:33.601
<v Speaker 5>I go, well, there's banks out there that you know,

0:24:33.681 --> 0:24:35.921
<v Speaker 5>the government doesn't use, why should I use it? If

0:24:35.921 --> 0:24:37.881
<v Speaker 5>the government who owns it isn't willing to back its

0:24:37.881 --> 0:24:40.841
<v Speaker 5>own thing, that seems bizarre. Either use it or lose them.

0:24:41.161 --> 0:24:43.921
<v Speaker 3>So does that contribute to us being squeamish about this? Then?

0:24:44.041 --> 0:24:45.841
<v Speaker 3>Do you think is that why we're uncomfortable?

0:24:45.881 --> 0:24:47.241
<v Speaker 5>I don't know if it's squamish or if we just

0:24:47.281 --> 0:24:49.401
<v Speaker 5>haven't gone through. I don't want to turn into an

0:24:49.401 --> 0:24:52.281
<v Speaker 5>academic debate, but I mean, just what are the principles here? Because,

0:24:52.401 --> 0:24:55.441
<v Speaker 5>like I say, seriously, if we are if we've got stuff,

0:24:55.441 --> 0:24:57.161
<v Speaker 5>if we own it and we don't use it, then

0:24:57.201 --> 0:24:59.761
<v Speaker 5>what's the point in owning it? So either government should

0:24:59.761 --> 0:25:02.681
<v Speaker 5>grow some or muscle and use its ability to dictate

0:25:02.761 --> 0:25:05.001
<v Speaker 5>what it owns, because that's the point of having ownership,

0:25:05.361 --> 0:25:07.401
<v Speaker 5>or if it's not going to use those powers, then

0:25:07.401 --> 0:25:08.761
<v Speaker 5>it should relinquish control.

0:25:08.961 --> 0:25:11.801
<v Speaker 6>I think we're skirmish because we're a relatively small country.

0:25:11.801 --> 0:25:15.921
<v Speaker 6>Five point two million dollars. Our economy we've mentioned three

0:25:16.041 --> 0:25:18.481
<v Speaker 6>or four names at the top of the show, probably

0:25:19.241 --> 0:25:22.161
<v Speaker 6>earns less than what they do individually. And here is

0:25:22.201 --> 0:25:24.961
<v Speaker 6>the thing, because we're such a small economy, because we're

0:25:25.001 --> 0:25:28.241
<v Speaker 6>such a small population. If we are not careful, if

0:25:28.241 --> 0:25:30.841
<v Speaker 6>we don't get it right, we could be tenants in

0:25:30.961 --> 0:25:34.241
<v Speaker 6>our own country. I think we're skirmish because we believe

0:25:34.281 --> 0:25:39.441
<v Speaker 6>this could be a fundamental issue about sovereignty.

0:25:40.441 --> 0:25:40.681
<v Speaker 3>Right.

0:25:41.361 --> 0:25:43.441
<v Speaker 4>There has been a lot of chat around infrastructure and

0:25:43.521 --> 0:25:46.921
<v Speaker 4>roading and privatization of those, so I mean, in reality,

0:25:47.041 --> 0:25:49.561
<v Speaker 4>if we're happy to pay for toll roads, that's potentially

0:25:49.641 --> 0:25:50.401
<v Speaker 4>what we could see.

0:25:51.161 --> 0:25:53.121
<v Speaker 5>I think that's part of it, out of it, and

0:25:53.161 --> 0:25:54.681
<v Speaker 5>I think as well, it's one of those things where

0:25:54.801 --> 0:25:57.121
<v Speaker 5>this is the one of the conversations it always gets me.

0:25:57.161 --> 0:26:00.041
<v Speaker 5>We talk about prioritization and similar if you're going to have,

0:26:00.161 --> 0:26:02.921
<v Speaker 5>you know, private ownership of road or eything else. Someone

0:26:02.961 --> 0:26:05.321
<v Speaker 5>still needs to get paid. Either private sector needs to

0:26:05.321 --> 0:26:07.881
<v Speaker 5>get paid all the public person needs to pay. Someone pays,

0:26:07.921 --> 0:26:10.241
<v Speaker 5>and other stuff is free. I mean, economist joke a lot,

0:26:10.281 --> 0:26:11.881
<v Speaker 5>but you do say that there is no such thing

0:26:11.881 --> 0:26:14.041
<v Speaker 5>as a free lunch. So I think that's probably the

0:26:14.121 --> 0:26:16.481
<v Speaker 5>difference there is that what is the right model to

0:26:16.521 --> 0:26:19.881
<v Speaker 5>get public because public money doesn't stretch all that far.

0:26:20.041 --> 0:26:22.161
<v Speaker 5>So sometimes the idea is if you get the private

0:26:22.201 --> 0:26:23.961
<v Speaker 5>sector to fund it, you get it a little bit

0:26:24.041 --> 0:26:26.321
<v Speaker 5>quicker and then you don't have to pay it back

0:26:26.401 --> 0:26:28.521
<v Speaker 5>all at the same time, all in one big hit,

0:26:28.561 --> 0:26:30.441
<v Speaker 5>So you can stretch your money a bit further. But

0:26:30.481 --> 0:26:31.881
<v Speaker 5>at the same time you need to make sure you

0:26:31.881 --> 0:26:33.401
<v Speaker 5>get good quality roads. I mean, you look at some

0:26:33.481 --> 0:26:35.081
<v Speaker 5>of the stuff we've currently got. I don't know if

0:26:35.081 --> 0:26:37.921
<v Speaker 5>Transmission Gully is officially an open road like it's I

0:26:37.961 --> 0:26:39.281
<v Speaker 5>know that we use it, but I don't think it's

0:26:39.321 --> 0:26:42.121
<v Speaker 5>officially finished yet. And that's you know, that's obviously a

0:26:42.121 --> 0:26:45.321
<v Speaker 5>big PPP. So yes, these options work, but we've got

0:26:45.361 --> 0:26:47.281
<v Speaker 5>to think. I think we've got to think through what

0:26:47.361 --> 0:26:48.841
<v Speaker 5>the money is and how it pays for its at.

0:26:48.761 --> 0:26:50.481
<v Speaker 6>But also I think we've got to be more fundamental

0:26:50.481 --> 0:26:53.121
<v Speaker 6>than that. We've got to have to have multi party agreements.

0:26:53.121 --> 0:26:56.121
<v Speaker 6>Say these are the top forty projects in the next

0:26:56.201 --> 0:26:59.561
<v Speaker 6>third twenty five years. Now, the new minister is not

0:26:59.601 --> 0:27:01.921
<v Speaker 6>going to come in and choose the color of the curtains.

0:27:02.001 --> 0:27:04.521
<v Speaker 6>This is what we agree on. This is what we do.

0:27:04.601 --> 0:27:07.561
<v Speaker 6>So we don't reach the fairy FIESCO and the other

0:27:07.601 --> 0:27:10.961
<v Speaker 6>fiesos that And here's the thing about we don't start

0:27:11.001 --> 0:27:13.641
<v Speaker 6>on infrastructure now, Abrad, you're the economists, not me. It's

0:27:13.681 --> 0:27:15.801
<v Speaker 6>only going to be one thing that happens. You're going

0:27:15.841 --> 0:27:17.321
<v Speaker 6>to cost you more totally.

0:27:17.321 --> 0:27:18.921
<v Speaker 5>But I mean, you look at the furies and I

0:27:18.921 --> 0:27:20.681
<v Speaker 5>think that the other one and this is a real

0:27:20.761 --> 0:27:23.361
<v Speaker 5>big I think this is a challenge for politicians generally.

0:27:23.881 --> 0:27:26.401
<v Speaker 5>Do not come out with a press release on the

0:27:26.401 --> 0:27:28.921
<v Speaker 5>first back of the envelope, back of the napkin number

0:27:28.961 --> 0:27:30.721
<v Speaker 5>and say that's the cost of it, because we know

0:27:30.881 --> 0:27:33.201
<v Speaker 5>that's never the case. We know that those numbers continue

0:27:33.201 --> 0:27:35.161
<v Speaker 5>to increase. And when you sort of go out to

0:27:35.201 --> 0:27:37.441
<v Speaker 5>the public and you're like, this project, be it hospitals,

0:27:37.441 --> 0:27:39.921
<v Speaker 5>but a skill buildings, bit faury terminals are going to

0:27:40.001 --> 0:27:42.641
<v Speaker 5>cost x billion dollars and then they three times higher

0:27:42.641 --> 0:27:44.801
<v Speaker 5>in a couple of years time. People hold you to

0:27:44.841 --> 0:27:47.281
<v Speaker 5>that first number. That first number is rubbish. It was

0:27:47.361 --> 0:27:49.441
<v Speaker 5>never anywhere close to the truth. But we seem to

0:27:49.481 --> 0:27:53.001
<v Speaker 5>take the very earliest essmen say that's lockdown, yep, and

0:27:53.041 --> 0:27:54.161
<v Speaker 5>look at the fallout from it.

0:27:54.321 --> 0:27:57.081
<v Speaker 4>And I've seen many posts online from people looking to

0:27:57.121 --> 0:27:59.281
<v Speaker 4>come over to news Iner now and everyone's saying, just

0:27:59.281 --> 0:28:02.801
<v Speaker 4>don't book a faery, do not even go there. Thank you, gentlemen.

0:28:03.361 --> 0:28:05.201
<v Speaker 4>I want to continue on the theme of act in

0:28:05.241 --> 0:28:07.161
<v Speaker 4>a way. After the break, we're going to talk about

0:28:07.161 --> 0:28:10.441
<v Speaker 4>that Artina celebrations happening today and the one party that's

0:28:10.481 --> 0:28:12.641
<v Speaker 4>not there will take a break though first ten News Talks.

0:28:12.641 --> 0:28:15.641
<v Speaker 4>He'd be the Weekend Collective now twenty two minutes away

0:28:15.641 --> 0:28:18.321
<v Speaker 4>from four. Wonderful to have your company. I'm Jess Davidson

0:28:18.361 --> 0:28:20.561
<v Speaker 4>with you today, Tim on a break and we're joined

0:28:20.561 --> 0:28:23.121
<v Speaker 4>by Brad Olsen and Shane the Pot on the panel.

0:28:23.561 --> 0:28:26.041
<v Speaker 4>And of course that artin are very special anniversary for

0:28:26.121 --> 0:28:29.121
<v Speaker 4>them today, Shane one hundred years and at party.

0:28:29.201 --> 0:28:30.641
<v Speaker 3>No surprise that they're not there.

0:28:30.961 --> 0:28:33.081
<v Speaker 6>Yeah, bit of a shame. I think they should they

0:28:33.121 --> 0:28:36.001
<v Speaker 6>should have fronted and you know what again, I'm no

0:28:36.081 --> 0:28:39.601
<v Speaker 6>fan of David Simils. My local journal seat in people

0:28:39.681 --> 0:28:44.361
<v Speaker 6>normally does front and people actually do respect them for that.

0:28:44.561 --> 0:28:46.521
<v Speaker 6>It was I think it was last year or the

0:28:46.601 --> 0:28:48.681
<v Speaker 6>year before. I was in No last year I was

0:28:48.681 --> 0:28:50.161
<v Speaker 6>in White Tongue. He got up in here its little

0:28:50.241 --> 0:28:53.121
<v Speaker 6>quartered for ten minutes and people were booing him. But

0:28:53.241 --> 0:28:55.161
<v Speaker 6>you know what when he said, other people respected that.

0:28:55.841 --> 0:28:58.601
<v Speaker 6>And I think that Ratna. I know that it has

0:28:58.681 --> 0:29:02.481
<v Speaker 6>its political sort of connotations, but if you actually go

0:29:02.521 --> 0:29:04.721
<v Speaker 6>through Artna I think I've been there ten fifteen times,

0:29:05.161 --> 0:29:08.281
<v Speaker 6>you get a real sense of unity and oneness, and

0:29:08.361 --> 0:29:11.201
<v Speaker 6>apart from one or two minutes political speech, it's a

0:29:11.241 --> 0:29:13.761
<v Speaker 6>wonderful occasion to be it, as is why.

0:29:13.601 --> 0:29:17.561
<v Speaker 4>Toney, Yeah and Brad? What did you make of their absence?

0:29:17.561 --> 0:29:19.321
<v Speaker 4>Would it have been wise for them to go?

0:29:20.121 --> 0:29:22.361
<v Speaker 5>I think from a democratic point of view, it's always

0:29:22.361 --> 0:29:24.521
<v Speaker 5>good to have people front up. I mean that's you

0:29:24.561 --> 0:29:26.681
<v Speaker 5>don't just go to the conversations that are easy, you

0:29:26.721 --> 0:29:28.841
<v Speaker 5>go to the ones that are hard. Although I must say,

0:29:29.041 --> 0:29:31.281
<v Speaker 5>sort of hearing and seeing some of the reporting that's

0:29:31.321 --> 0:29:33.561
<v Speaker 5>come through, we spent seem to be spending a lot

0:29:33.641 --> 0:29:36.001
<v Speaker 5>of time talking about what we're definitely not going to

0:29:36.041 --> 0:29:38.961
<v Speaker 5>do in politics this year. I mean, like, and I

0:29:39.001 --> 0:29:41.001
<v Speaker 5>get that because people are asking a lot of questions

0:29:41.001 --> 0:29:42.841
<v Speaker 5>about it, right, They're saying, well, why are we spending

0:29:42.841 --> 0:29:44.561
<v Speaker 5>time on this? And everyone's going, well, we're not spending

0:29:44.561 --> 0:29:46.041
<v Speaker 5>time on it, but we are spending all of our

0:29:46.121 --> 0:29:48.961
<v Speaker 5>ear time or so like that. That one just challenges

0:29:49.001 --> 0:29:51.681
<v Speaker 5>me because, look, I know that there's a lot going on,

0:29:51.721 --> 0:29:53.641
<v Speaker 5>but it really does sort of make me a question.

0:29:53.721 --> 0:29:56.041
<v Speaker 5>We're spending so much time saying what we're not doing?

0:29:56.081 --> 0:29:58.001
<v Speaker 5>What are we doing? What are the good things that

0:29:58.001 --> 0:30:00.441
<v Speaker 5>we're sort of pushing forward on? Because that is being

0:30:00.441 --> 0:30:02.521
<v Speaker 5>a little bit lost in the conversation here.

0:30:03.121 --> 0:30:06.841
<v Speaker 4>Yeah, exactly. And I wanted to chat about emergency housing

0:30:06.881 --> 0:30:11.241
<v Speaker 4>as well. Now government have hit targets, they've decreased the

0:30:11.241 --> 0:30:13.721
<v Speaker 4>amount of people in them by seventy five percent five

0:30:13.801 --> 0:30:16.961
<v Speaker 4>years early, Brad, What do we put that down to?

0:30:17.121 --> 0:30:19.521
<v Speaker 4>Is that great management by the government or great supply?

0:30:20.241 --> 0:30:21.801
<v Speaker 5>I think I think there's a few things going on.

0:30:21.881 --> 0:30:23.481
<v Speaker 5>I think, to be fair, one of the big parts

0:30:23.521 --> 0:30:25.681
<v Speaker 5>has been a much greater government crackdown on who can

0:30:25.721 --> 0:30:28.761
<v Speaker 5>get through into emergency housing. And look, I think one

0:30:28.801 --> 0:30:30.921
<v Speaker 5>of the challenges there is that is a balancing act.

0:30:30.961 --> 0:30:33.041
<v Speaker 5>On one hand, you want to make sure that when

0:30:33.041 --> 0:30:35.921
<v Speaker 5>people need support they can go into it. That's completely true,

0:30:35.921 --> 0:30:37.321
<v Speaker 5>and I think we very much are you know, I

0:30:37.441 --> 0:30:39.841
<v Speaker 5>very much support that. But at the same time, there

0:30:39.881 --> 0:30:41.761
<v Speaker 5>does seem to have been over the last couple of

0:30:41.801 --> 0:30:44.241
<v Speaker 5>years a number of occasions where people were going into

0:30:44.321 --> 0:30:48.081
<v Speaker 5>emergency housing with no intention, no support, no plan to

0:30:48.161 --> 0:30:50.241
<v Speaker 5>leave it, and things just seem to be keeping going on.

0:30:50.601 --> 0:30:52.921
<v Speaker 5>The question here is that, Okay, so we have less

0:30:53.281 --> 0:30:55.921
<v Speaker 5>fewer people going into emergency housing, that is good.

0:30:55.961 --> 0:30:57.041
<v Speaker 2>Where are they going though?

0:30:57.081 --> 0:30:59.881
<v Speaker 5>That doesn't seem to be being measured quite as much,

0:30:59.961 --> 0:31:03.001
<v Speaker 5>which does raise concerns over are we seeing more homeless

0:31:03.081 --> 0:31:06.521
<v Speaker 5>or more people that are in precarious housing situations having

0:31:06.521 --> 0:31:08.681
<v Speaker 5>to you know, sleep in their cars or you know,

0:31:08.721 --> 0:31:10.241
<v Speaker 5>go and sleep with friends and family for.

0:31:10.201 --> 0:31:10.961
<v Speaker 2>A couple of nights.

0:31:11.001 --> 0:31:14.161
<v Speaker 5>But the big one for me is that again, this

0:31:14.361 --> 0:31:16.601
<v Speaker 5>was an issue that was identified, it didn't seem to

0:31:16.641 --> 0:31:19.201
<v Speaker 5>have an exit plan. It's now had probably a much

0:31:19.241 --> 0:31:22.161
<v Speaker 5>faster exit plan than we hoped for. But trying to

0:31:22.161 --> 0:31:24.121
<v Speaker 5>figure out where those people are going in the future,

0:31:24.121 --> 0:31:26.041
<v Speaker 5>were they helped through or have they just been sort

0:31:26.081 --> 0:31:27.801
<v Speaker 5>of put out? Is going to be one of the

0:31:27.801 --> 0:31:29.361
<v Speaker 5>big questions for the next couple of months.

0:31:29.561 --> 0:31:32.401
<v Speaker 6>Yeah. Look, I think that part of it is supply

0:31:33.441 --> 0:31:36.161
<v Speaker 6>a lot of the stuff that started on labor came

0:31:36.681 --> 0:31:40.281
<v Speaker 6>starting to come online. So that's happening. A lot of

0:31:40.281 --> 0:31:42.401
<v Speaker 6>the work they were doing with h HAPPA ANDIVIA are starting

0:31:42.441 --> 0:31:45.321
<v Speaker 6>to come online. But I also think we're seen, and

0:31:45.361 --> 0:31:48.561
<v Speaker 6>I said antidotally, every day I see more homeless people

0:31:48.881 --> 0:31:52.041
<v Speaker 6>again on the streets in Queen Street, out in Manerewa,

0:31:52.561 --> 0:31:55.121
<v Speaker 6>and just more and more stories about people living in

0:31:55.161 --> 0:31:57.481
<v Speaker 6>their cars. And you know, these are people that are

0:31:57.521 --> 0:32:00.601
<v Speaker 6>on the peripheral of society anyway, and they're often not counted.

0:32:01.401 --> 0:32:05.001
<v Speaker 6>But sooner or later the chickens come home to rest

0:32:05.161 --> 0:32:07.281
<v Speaker 6>and we notice it, and we notice that it's increasing,

0:32:07.281 --> 0:32:08.241
<v Speaker 6>and I think that's happening.

0:32:08.761 --> 0:32:11.121
<v Speaker 4>Yeah, And even the people moving out of emergency housing,

0:32:11.161 --> 0:32:14.641
<v Speaker 4>they're still getting some kind of support through accommodation supplements.

0:32:14.681 --> 0:32:17.361
<v Speaker 4>And with the way job losses are going, as you say,

0:32:17.401 --> 0:32:19.401
<v Speaker 4>this isn't going to be a problem that's just magically

0:32:19.441 --> 0:32:19.801
<v Speaker 4>dealt to.

0:32:20.361 --> 0:32:20.841
<v Speaker 2>No, it's not.

0:32:20.881 --> 0:32:23.881
<v Speaker 5>Although I think again we've on the housing front. More generally,

0:32:23.921 --> 0:32:26.281
<v Speaker 5>I feel like there are a number of more positive

0:32:26.321 --> 0:32:28.721
<v Speaker 5>trends that have been coming through. You know, house prices

0:32:28.721 --> 0:32:32.121
<v Speaker 5>are effectively going down, certainly not going up. We've seen

0:32:32.161 --> 0:32:35.441
<v Speaker 5>there's a little bit more rental price inflation restraint, not

0:32:35.481 --> 0:32:38.561
<v Speaker 5>going down but not going up nearly as fast as before.

0:32:38.961 --> 0:32:41.801
<v Speaker 5>We have yip seen the number of building consents come

0:32:41.841 --> 0:32:44.001
<v Speaker 5>back quite a bit, but thankfully that looks like it's

0:32:44.001 --> 0:32:46.921
<v Speaker 5>plateauing out at a still fairly high level, and all

0:32:46.961 --> 0:32:49.921
<v Speaker 5>of that still coming after quite a big weight of

0:32:50.001 --> 0:32:52.441
<v Speaker 5>building that's still being complete at the moment, so that

0:32:52.601 --> 0:32:55.321
<v Speaker 5>is encouraging. There are some nice new homes coming through

0:32:55.721 --> 0:32:57.921
<v Speaker 5>for a number of Kiwis, but there is I think

0:32:57.921 --> 0:33:00.001
<v Speaker 5>there's just this big question of again, where do we

0:33:00.041 --> 0:33:01.961
<v Speaker 5>go to from here? We had this big bulk of

0:33:01.961 --> 0:33:05.361
<v Speaker 5>people through in emergency housing. It's encouraging to see one

0:33:05.361 --> 0:33:07.601
<v Speaker 5>that those numbers have come down so quickly and that

0:33:07.641 --> 0:33:09.801
<v Speaker 5>there's still support for them. But what is the wider

0:33:09.841 --> 0:33:12.041
<v Speaker 5>plan because we're not seeing that same level of building

0:33:12.081 --> 0:33:15.081
<v Speaker 5>coming through from kyeing Aura. Again, government doesn't have nearly

0:33:15.121 --> 0:33:17.921
<v Speaker 5>as much money, so that question of okay, better numbers now,

0:33:18.001 --> 0:33:20.361
<v Speaker 5>but the future bit is I think still the big question.

0:33:20.681 --> 0:33:22.361
<v Speaker 6>I don't want to be the downer at the party.

0:33:22.481 --> 0:33:25.081
<v Speaker 6>I'm the party boy, but I will bring a bit

0:33:25.081 --> 0:33:28.521
<v Speaker 6>of downer to the party here. I don't have the

0:33:28.601 --> 0:33:32.601
<v Speaker 6>level of optimism that Brad has. And I think one

0:33:32.641 --> 0:33:35.921
<v Speaker 6>of the big issues we're going to be faced in

0:33:36.001 --> 0:33:40.801
<v Speaker 6>the next five to ten years is work force capability.

0:33:41.321 --> 0:33:45.041
<v Speaker 6>We're losing some seven hundred to eight hundred people every

0:33:45.081 --> 0:33:48.721
<v Speaker 6>week out in New Zealand. They are folks, the nurses,

0:33:48.761 --> 0:33:51.801
<v Speaker 6>the teachers, the plumbers, the electricians, the builders of the

0:33:52.001 --> 0:33:56.041
<v Speaker 6>houses and you know, you know, twenty years ago lot

0:33:56.041 --> 0:33:57.841
<v Speaker 6>of my fino left and then they sort of stayed

0:33:57.881 --> 0:33:59.761
<v Speaker 6>here and now they're leaving again. I had a nephew

0:33:59.961 --> 0:34:02.361
<v Speaker 6>leave three weeks ago. He's living in Perth. He's on

0:34:02.521 --> 0:34:05.321
<v Speaker 6>seventy five bucks Australian.

0:34:05.761 --> 0:34:07.081
<v Speaker 2>Our as a builder.

0:34:07.561 --> 0:34:11.441
<v Speaker 6>His house rental is about forty percent. Now I know

0:34:11.481 --> 0:34:14.601
<v Speaker 6>he's the week in thirty five degrees celsius every day

0:34:14.881 --> 0:34:17.441
<v Speaker 6>and guess what. The other thing, he's got a bloody

0:34:17.481 --> 0:34:22.161
<v Speaker 6>great superannuation program twelve percent. You know, I help pack

0:34:22.241 --> 0:34:23.321
<v Speaker 6>them bag and bags.

0:34:23.441 --> 0:34:23.561
<v Speaker 1>Is it?

0:34:23.641 --> 0:34:24.361
<v Speaker 2>Get on your boy?

0:34:24.441 --> 0:34:26.201
<v Speaker 6>If I was a bit younger, I'll do the same.

0:34:26.841 --> 0:34:28.681
<v Speaker 5>You got to be a site foreman. You can oversee

0:34:28.721 --> 0:34:31.121
<v Speaker 5>the building works a bit more. But I mean, look, seriously,

0:34:31.321 --> 0:34:33.561
<v Speaker 5>you are right about that workforce question. I think one

0:34:33.561 --> 0:34:36.241
<v Speaker 5>of the difficulties for construction is that it's gone through

0:34:36.281 --> 0:34:38.201
<v Speaker 5>such a big up the last couple of years. It

0:34:38.201 --> 0:34:40.561
<v Speaker 5>went from sort of high levels to super high and

0:34:41.001 --> 0:34:43.521
<v Speaker 5>unsustainable over the long term levels. Now it's trying to

0:34:43.521 --> 0:34:45.961
<v Speaker 5>figure out what's the goldilock zone and figure out also

0:34:46.001 --> 0:34:48.921
<v Speaker 5>what workforce doesn't need because we've had, you know, changes

0:34:48.961 --> 0:34:51.481
<v Speaker 5>in the number of residential dwellings, we've got shifts and

0:34:51.521 --> 0:34:54.521
<v Speaker 5>how much commercial building is going on. But also that

0:34:54.641 --> 0:34:57.201
<v Speaker 5>infrastructure piece. You know, we need the right talent to

0:34:57.241 --> 0:34:58.761
<v Speaker 5>be able to build that because again we know that

0:34:58.761 --> 0:35:01.081
<v Speaker 5>we've got water pipes that need to be invested, and

0:35:01.121 --> 0:35:03.041
<v Speaker 5>we know we've got more roads and more rail and

0:35:03.041 --> 0:35:06.361
<v Speaker 5>more cycle ways, all those different options. Ports and airports

0:35:06.401 --> 0:35:08.481
<v Speaker 5>that are looking to either expand so that we can

0:35:08.521 --> 0:35:10.961
<v Speaker 5>trade more or bring in more tourism. All of that

0:35:11.041 --> 0:35:13.801
<v Speaker 5>takes people. And again that sort of thing of where

0:35:13.841 --> 0:35:15.961
<v Speaker 5>are the future talent coming from, because there are some

0:35:16.081 --> 0:35:18.241
<v Speaker 5>parts of New Zealand that are losing three times as

0:35:18.281 --> 0:35:21.281
<v Speaker 5>many people to retirement, not only the people going overseas,

0:35:21.321 --> 0:35:23.921
<v Speaker 5>but retirement then people coming in who's going to do

0:35:23.961 --> 0:35:26.081
<v Speaker 5>this work not just today, not just in five years,

0:35:26.081 --> 0:35:27.361
<v Speaker 5>but in ten, fifteen, twenty.

0:35:27.401 --> 0:35:29.321
<v Speaker 6>And also we're going to have the crunch will come

0:35:29.361 --> 0:35:32.281
<v Speaker 6>to I love here in Tommigi, Makoto. We build far

0:35:32.401 --> 0:35:34.641
<v Speaker 6>and wide. We've got to stop that. Man, we are

0:35:34.681 --> 0:35:36.361
<v Speaker 6>going to have we are going to have to get

0:35:36.441 --> 0:35:41.281
<v Speaker 6>mid mid to high high intensity housing. The other thing

0:35:41.361 --> 0:35:44.721
<v Speaker 6>is that badness. Quite right, It's not just about the house,

0:35:44.761 --> 0:35:49.081
<v Speaker 6>it's about the infrastructure. And we've got where I live.

0:35:49.881 --> 0:35:52.441
<v Speaker 6>Their infrastructure isn't coping with the people that live in

0:35:52.441 --> 0:35:54.001
<v Speaker 6>there now, let alone more housing.

0:35:54.361 --> 0:35:56.121
<v Speaker 3>Exactly right, exactly right.

0:35:56.201 --> 0:35:58.961
<v Speaker 4>And I want to touch on the job aspect because

0:35:59.001 --> 0:36:01.081
<v Speaker 4>we did have some news this week about the amount

0:36:01.121 --> 0:36:03.001
<v Speaker 4>of people on job seekers. We'll get to that after

0:36:03.041 --> 0:36:06.681
<v Speaker 4>the break. Eleven minutes after three, sorry, eleven minutes away

0:36:06.681 --> 0:36:09.121
<v Speaker 4>from four here news talks here b week in collective.

0:36:09.121 --> 0:36:11.361
<v Speaker 4>Back shortly and time for one more topic with Brad

0:36:11.361 --> 0:36:14.041
<v Speaker 4>Olson and Shane Tapoe. The number of people on a

0:36:14.041 --> 0:36:18.201
<v Speaker 4>benefit gentlemen have dropped, has dropped by thirty three thousand people.

0:36:18.521 --> 0:36:21.361
<v Speaker 4>Your reaction to that has it well, I mean it's

0:36:21.401 --> 0:36:23.161
<v Speaker 4>one of those things you've had more people that are

0:36:23.201 --> 0:36:24.001
<v Speaker 4>getting into work.

0:36:24.041 --> 0:36:24.961
<v Speaker 2>That's totally true.

0:36:24.961 --> 0:36:27.281
<v Speaker 5>But you are still seeing that increase coming through in

0:36:27.321 --> 0:36:30.441
<v Speaker 5>the number of people on benefit, particularly that those jobs

0:36:30.441 --> 0:36:31.921
<v Speaker 5>seeing numbers, and I think, I mean, this is one

0:36:31.921 --> 0:36:34.121
<v Speaker 5>of the things. Yes, you're definitely having more people go

0:36:34.241 --> 0:36:37.001
<v Speaker 5>into work, that's that's true, that's encouraging. Part of that's

0:36:37.001 --> 0:36:39.081
<v Speaker 5>also because you've got more people on a benefit, so

0:36:39.121 --> 0:36:41.481
<v Speaker 5>there's more that can get off it at the same time.

0:36:42.281 --> 0:36:44.281
<v Speaker 5>And for me looking at some of those figures, the

0:36:44.321 --> 0:36:46.641
<v Speaker 5>one that really struck me for the December twenty twenty

0:36:46.641 --> 0:36:48.761
<v Speaker 5>four quarter, that's the data that came out the other day,

0:36:49.121 --> 0:36:51.401
<v Speaker 5>is that you've now got six point five percent of

0:36:51.441 --> 0:36:54.601
<v Speaker 5>the working age population on a job seeker support benefit.

0:36:54.921 --> 0:36:57.561
<v Speaker 5>That's up from five point nine percent of the population

0:36:57.761 --> 0:37:00.721
<v Speaker 5>a year ago and getting pretty close to that peak

0:37:00.761 --> 0:37:03.841
<v Speaker 5>of six point eight percent that we saw during the

0:37:03.881 --> 0:37:06.481
<v Speaker 5>peak of sort of COVID that first year in twenty twenty.

0:37:06.761 --> 0:37:08.401
<v Speaker 5>And the worry for me is, I mean, we talk

0:37:08.441 --> 0:37:10.481
<v Speaker 5>a lot about these jobs seeker numbers, and a lot

0:37:10.521 --> 0:37:12.441
<v Speaker 5>of the time it is around the labor market and

0:37:12.481 --> 0:37:15.401
<v Speaker 5>people getting jobs. I totally acknowledge that, and that's pretty

0:37:15.401 --> 0:37:18.001
<v Speaker 5>tough when you've got fewer job opportunities. The one that

0:37:18.041 --> 0:37:20.481
<v Speaker 5>worries me, I think actually a little bit more is

0:37:20.521 --> 0:37:23.721
<v Speaker 5>the higher number of people that are classified as job

0:37:23.761 --> 0:37:27.121
<v Speaker 5>seeker support but they're on the health conditions or disability benefits,

0:37:27.161 --> 0:37:30.161
<v Speaker 5>so they are we call them job seekers, but a

0:37:30.161 --> 0:37:31.681
<v Speaker 5>lot of the time it's around sort of some of

0:37:31.681 --> 0:37:34.601
<v Speaker 5>the mental health challenges they face, and similar those numbers

0:37:34.641 --> 0:37:37.521
<v Speaker 5>have come up massively, they're not coming down nearly as much.

0:37:37.561 --> 0:37:40.001
<v Speaker 5>And my worry there is that very hard to get

0:37:40.001 --> 0:37:41.681
<v Speaker 5>you to go back on to the work side or

0:37:41.681 --> 0:37:43.681
<v Speaker 5>to get into that corporate job or whatever it might

0:37:43.721 --> 0:37:46.161
<v Speaker 5>be when you do have those sort of health challenges,

0:37:46.201 --> 0:37:48.721
<v Speaker 5>And why are we seeing this greater and greater mental load.

0:37:48.761 --> 0:37:51.161
<v Speaker 5>It suggests that we're not putting the right resources in

0:37:51.441 --> 0:37:53.281
<v Speaker 5>and if we don't support people there, we're not going

0:37:53.361 --> 0:37:55.001
<v Speaker 5>to have good workers come out the other side.

0:37:55.081 --> 0:37:57.841
<v Speaker 6>Yeah, I think that these figures are a little bit

0:37:57.841 --> 0:38:02.201
<v Speaker 6>of a little not I wouldn't say shady.

0:38:01.881 --> 0:38:04.441
<v Speaker 2>But they're sort of cast them a good life.

0:38:04.481 --> 0:38:06.881
<v Speaker 6>Yeah, yeah, yeah, that's right, But there are no there's

0:38:06.921 --> 0:38:09.161
<v Speaker 6>no good news when it comes to employment in New Zealand,

0:38:09.161 --> 0:38:11.921
<v Speaker 6>where at four point six four four point six four

0:38:11.961 --> 0:38:14.681
<v Speaker 6>point eight, four point eight percent but you know what

0:38:14.761 --> 0:38:18.081
<v Speaker 6>four point eight is an average in rural New Zealand,

0:38:18.161 --> 0:38:22.281
<v Speaker 6>that's nine percent, and if you're Jengite or young Marti,

0:38:22.361 --> 0:38:25.961
<v Speaker 6>it's fifteen, sixteen, seventeen percent. And what I do know,

0:38:26.321 --> 0:38:29.161
<v Speaker 6>having been around for a little while, is when you

0:38:29.201 --> 0:38:32.201
<v Speaker 6>get to say ten percent unemployment in a place like

0:38:32.241 --> 0:38:35.921
<v Speaker 6>a poor Tiki or a Hipata or fare, it becomes

0:38:36.121 --> 0:38:40.241
<v Speaker 6>entrenched and it becomes generational, and you can't fix it

0:38:40.281 --> 0:38:43.801
<v Speaker 6>in a political term. So that really is worrying me.

0:38:44.241 --> 0:38:44.921
<v Speaker 2>It has.

0:38:44.961 --> 0:38:47.161
<v Speaker 5>It has been encouraging though to see one of the

0:38:47.241 --> 0:38:50.121
<v Speaker 5>latest WETSPAC reports that came out showed a bit more

0:38:50.321 --> 0:38:52.961
<v Speaker 5>of an increase coming through an employment confidence and sort

0:38:53.001 --> 0:38:56.001
<v Speaker 5>of expectations of better job conditions coming. The numbers are

0:38:56.041 --> 0:38:58.601
<v Speaker 5>still pretty grim, and that that's totally understandable when the

0:38:58.641 --> 0:39:02.041
<v Speaker 5>unemployment rate is high and continuing to rise, but maybe

0:39:02.081 --> 0:39:03.841
<v Speaker 5>just a bit of a shift on that job's front.

0:39:03.881 --> 0:39:05.921
<v Speaker 5>Are some of the SIAK number I think out last

0:39:05.961 --> 0:39:08.161
<v Speaker 5>week showed again a bit of a shift around in

0:39:08.201 --> 0:39:10.201
<v Speaker 5>the number of job ads coming into the market. You're

0:39:10.241 --> 0:39:12.521
<v Speaker 5>not seeing huge new numbers, but you're not seeing it

0:39:12.561 --> 0:39:15.001
<v Speaker 5>drop away quite as much either, And that just suggests

0:39:15.041 --> 0:39:17.921
<v Speaker 5>that businesses out there are seeing some of those early

0:39:18.041 --> 0:39:20.921
<v Speaker 5>green shoots and going, look, maybe we can either hire

0:39:20.961 --> 0:39:22.641
<v Speaker 5>a few more people, we don't have to cut back

0:39:22.681 --> 0:39:25.321
<v Speaker 5>quite as much. So yes, very tough at the moment,

0:39:25.361 --> 0:39:27.561
<v Speaker 5>but hoping still for better things as we move through

0:39:27.601 --> 0:39:28.601
<v Speaker 5>into twenty twenty five.

0:39:29.041 --> 0:39:31.521
<v Speaker 4>Gentlemen, thank you so very much for your time today.

0:39:31.681 --> 0:39:33.401
<v Speaker 4>I've thoroughly enjoyed it. Thank you both.

0:39:33.561 --> 0:39:34.841
<v Speaker 2>This has been great, fun, awesome.

0:39:35.641 --> 0:39:38.801
<v Speaker 4>Absolutely I've learned a lot. That's Brad Olson, chief executive

0:39:38.801 --> 0:39:42.521
<v Speaker 4>and principal economists for Infometrics and Shame to Poe, commentator

0:39:42.561 --> 0:39:44.801
<v Speaker 4>and blogger. Thank you, gentlemen. We'll be getting to the

0:39:44.801 --> 0:39:46.921
<v Speaker 4>news now at four o'clock. On the other side, the

0:39:47.001 --> 0:39:49.321
<v Speaker 4>One Roof Property Show with Ashley Church.

0:39:50.881 --> 0:39:53.761
<v Speaker 3>And jesuit me.

0:39:56.201 --> 0:39:57.601
<v Speaker 2>To califon you kid.

0:39:58.241 --> 0:40:01.921
<v Speaker 1>We could break in if you know, I mean, put some.

0:40:04.641 --> 0:40:08.281
<v Speaker 6>St you at the engineer, just suit.

0:40:08.401 --> 0:40:12.361
<v Speaker 2>Me drug the Catibaric game.

0:40:13.001 --> 0:40:14.121
<v Speaker 4>We did break it in.

0:40:16.241 --> 0:40:21.521
<v Speaker 2>Put some bon we do break it in.

0:40:21.841 --> 0:40:28.881
<v Speaker 6>If you know about some bason, we to break it in.

0:40:29.241 --> 0:40:32.761
<v Speaker 2>If you know, comy, put some bles on it.

0:40:34.041 --> 0:40:37.121
<v Speaker 1>For more from the Weekend Collective, listen live to news talks.

0:40:37.161 --> 0:40:40.481
<v Speaker 1>It'd be weekends from three pm, or follow the podcast

0:40:40.561 --> 0:40:41.481
<v Speaker 1>on iHeartRadio