Dairy product prices jump at auction

20/02/2013 2:52:00 p.m.

Robo wrote:

Yep agreed Mike - We need find manufactoring that exports products of need and requirement which creates a higher value return. Just wish we would see more of that "Milk Money" filter down through-out the complete economy as promised by the government some years back.

20/02/2013 8:54:42 a.m.

Mike wrote:

"Rising prices for New Zealand's biggest export commodity follow a raft of figures showing the economy is performing well relative to the US, Europe and Australia, stoking demand for the New Zealand dollar."

That says it all, about why our dollar is strengthening. Its built on economic performance. Our manufacturing and processing that is doing well, its doing it on productivity. Those pushing for a magical fix are wanting a handout and subsidies to solve their problems.

NZ min wages have been climbing steadily. While the NZ$ amount has not risen much in the last 4+ years, the strengthening dollar plus the decline of other countries has seen the NZ min wage climb, so it is now the 4th highest in the world, behind Aus, France, and Luxenburg. Compare this to how much the gap wasn't closed by Labor in mostly boom years 1999-2008 where our min wage was around 35-39th in the world.

Govt statisics show net migration to NZ in 3/4 of the last years, which shows people are moving to NZ to work, as while we have higher unemployment than we have had (due to the recession), our unemployment not that high, and anyone prepared to get out of bed and work can find work. We have some who have hopped across the ditch to work in Aus (but those prepared to get out of bed to work), and in the same way we have had people move to NZ for work (again people prepared to get out of bed to work).