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Thread ID: 113984 2010-11-13 05:21:00 Is it time to drop our wages ? Digby (677) PC World Chat
Post ID Timestamp Content User
1152585 2010-11-16 03:13:00 imo it all nice and cushy to talk about inequality be it thru gender or social class or whatever . . but if you wanna grow faster you need to take more risks and depending on people that can be a good thing or a bad thing . you need the drivers and the others to tag along .

generally speaking nz wages are not world buttom but they are not sky high . after speaking to a IT job consultant should I wanna go there . she said there are jobs out there if you properly map your career out and not everyone wants to do that . . working at odd hours, long hours, weekends, overtime but the money is there . maybe one could look at road workers too, i bet they arn't paid bad either . you can have your cushy office jobs 8-5, M-F, 6 annual weeks leave and as mentioned you are likely to have a 30-40yr mortgage as a professional couple, unless you contract out your specialise skills or be a senior manager . thing is even on this eg . , there is still a perception of inequality, one may be a highly paid professoinal in demand, while a v similar person may just be an analyst or PA or administrator with just as much experience with much lower pay . you could have all the quals, all the degrees, multiple if you want, but that doesn't really translate to dollar terms .

i quite enjoy the mental challenge of study . at my uni days early 2000s, if you are a teaching fellow with a masters perhaps you might only be earning $40k, even junior "lecturers" might of only earnt 50-70k at the time . if you are a self starter you might even be a 25yr old manager or team leader that earns just as much these days in real terms think 120-150k PA .

thru working the contractors really justs have basic educ with heaps of exp at varying degrees . one person i was told works 11pm - 8am b/c they work on German time and 6 days a week . . .
Nomad (952)
1152586 2010-11-16 04:18:00 The average kiwi is being priced out of the housing market anyway (median wage being around 25K)
How can a young family be expected to afford a $400K cheapy house ??

I say, lets start by trying to freeze the cost of land, make ALL land/house sales
taxable, deducted when the sale is completed - except those with a single property.Speculators & those with 2nd 3rd home MUST be forced to pay taxes on its sale. Ban foreign land sales from here on (to help keep prices down)
ranting almost finished .... :clap

Dropping wages.. we will have to drop all the way down to match the low wage economies in order for that to work. I suspect thats whats slowly happening by default. NZ have been at/near the bottom 5 OECD economies for as long as I can remeber. :eek:
Farming based economies are historically poor. Perhaps our wages are just artificially kept high (personal/govt debt). That cant last forever.

These averages are quite misleading, and there seem to many figures being banded about. The medium is different to the 'average' which is the 'mean'. The average household income I heard was over 60k, which isn't bad. Then people may qualify for added benefits like working for families, etc. Usually it is a 'household' that buys a house, and not a single person, and that usually means two people working. In the old days, a household was just one person, which is one reason why houses were much cheaper back then, as households could only afford a certain amount.
robbyp (2751)
1152587 2010-11-16 06:07:00 Good luck with that mate!

If there's one thing I've learnt, it's that you should expect to work your ass off, and then get royally screwed.



Nothing wrong with hard work, You just need to be smart and also work hard for yourself, Look ahead, decide where you want to be and see if your current path can get you there, if not, map out a new path, work hard for yourself and whoever pays the wages, while picking up and applying new skills as you go.Ask yourself what your current role gives you and if thats all you want, Branch off to the opportunity whenever you can.

It took me three or four years to go from deciding what role I wanted and getting it, Plenty of luck involved ( I had just slid the time scale back a decade as the role wanted was so hard to get) and plenty of focus, effort, sacrifice and hard work.

Now I've just used 4 months as senior supervisor on a 6m project to springboard into a management role on a 27m project, had a wad of cash and a damn nice company wagon practically thrown at me, and in 2 years time when this project finishes I should be able to pick and choose the company's/projects I work on.

:punk:punk:punk
Metla (12)
1152588 2010-11-16 10:04:00 Good to see things are looking up in Metlaville.

I guess what I meant to say was, hope for the best, prepare for the worst.
ubergeek85 (131)
1152589 2010-11-16 21:49:00 lets make a start with the fat cat from Westpac.

They say he is on 5 million a year.

That is outrageous in a country the size of New Zealand.

Its not as is he has a hard job or is running a company that is cutting edge. And not only that but he probably just follows Westpac's policies set in Australia.

I think there was a law in the USA, or at least there was a movement in the 1920's to set CEO's pay at no more than 20 times the lowest paid worker in the company.

It would be a good idea to bring this is as a start!
Digby (677)
1152590 2010-11-17 01:09:00 That sounds like a great idea IMO, others may see it as socialism though. ubergeek85 (131)
1152591 2010-11-17 01:37:00 These averages are quite misleading, and there seem to many figures being banded about. The medium is different to the 'average' which is the 'mean'. The average household income I heard was over 60k, which isn't bad.

Its been a while, I meant median. :help:

Its the AVERAGE which is misleading, that why I didnt want to use it.
Average is skewed by a few on much higher wages
Average income probably used to make things seem better than they are

www.nbr.co.nz
median NZ income is $536 per week : under $30K

Im having a hard time finding median household incomes from a non-biased reliable source. The govt pages show home owners total household income, this may be what was quoted??

But given median income is actually > $30k, I find it very hard to believe total household income(median, not av) is 2x this figure.

For some reason, its hard for those doing well to accept just how poor the av Kiwi actually is. oops, median kiwi :punk
But its all relative, ANYONE with a TV & a car is doing very well indeed on the global scale of things :clap
1101 (13337)
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