David Thompson Posted:
So very, very true. It beggars belief that we consider ourselves to be a developed nation when so much of our economy is based on selling milk powder or logs. BTW, I own a Plinius amplifier (my second) that drives a set of Theophany speakers.
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David Thompson Posted:
A robust but sobering report. It concerns me that confidence is rising, yet sales and exports are down and "manufacturers and exporters are still lagging behind other sectors". Surely we should wait until we're earning more money before we start spending more?
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siemens Posted:
Yes true! The only thing that will never die in this world is the nature and its science behind it. Great post.
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Kieran Ormandy Posted:
Thanks for the question Steven, Germany has seen increases in manufacturing employment since 2009, and Switzerland has had stable manufacturing employment between 2006 – 2011, even in the face of ongoing Euro-zone issues. Korea has seen increases in manufacturing employment since 2008 and Israel experienced large increases since 1998, while being stable over the last 4 years. Singapore has had increases in manufacturing employment over the last two years. These countries all value their manufacturing sectors and work to protect them, this is reflected in the above numbers and their performance through the GFC. Note data around the above examples was sourced from OECD labour market stats.
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John Walley Posted:
Point one: you should have no doubt what our Association says publically represent the views of our members. Point two: we don’t knee jerk responses, if you trace back our comments around NZPower you will see them link all the way back to our research in 2004 and 2005. All that material is fully linked from our comments above. Point three: you will note our comments on major users, sadly the same advantage does not accrue to smaller industrial users. The perverse incentives of the LRMC approach in all this are well known. Point four: the NZMEA is not like any other Association in New Zealand we admit only manufacturers and exporters into membership, and our public expressions are the views of that restricted membership.
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Manufacturing employment falls

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The Census 2013 data has reaffirmed the declining trend in manufacturing employment over the last decade, a trend supported by falling revenues indicated in the “exports by levels of processing” series from Statistics New Zealand. This is what happens when a sector of our economy is viewed as an optional extra, this is not inevitable; it does not have to be this way, say the New Zealand Manufacturers and Exporters Association (NZMEA).

NZMEA Chief Executive John Walley says, “Overall, the census numbers were not a shock, and were relatively in line with other more frequent data sources. The fall in manufacturing employment was reported by the Parliamentary Inquiry into Manufacturing driven by the reported job losses over time.”

“There is no economic development principle that requires manufacturing employment to fall. Policy settings that do not encourage investment in the real economy, particularly for export markets, are a matter of choice. Past choices made determine conditions today: falling employment, falling wages and falling innovation; generally our economy is losing complexity and regressing to commodities.”

”This does not have to be the case. With the different policy settings we could expect growing complexity, higher prices and higher wages from added value activities.”

“It is worth repeating that decline is not an inevitable side effect of economic growth; it is a consequence of our policy settings and culture.”

“Manufacturing is still a large and hugely important sector; with the right focus we could expect to see investment growth in the real economy, reversing this employment trend and providing much needed well paid and highly skilled jobs.”

“The Census showed employment in manufacturing has fallen from 217,758 in 2006, to 188,286 in 2013, a 13.5% decrease. Manufacturing employment still makes up 9.4% of total employment, 13.2% of GDP and 23.9% of total exports.

“The Health Care and Social Assistance service industry is now the largest employer in the economy at 191,694 people. Growth in the service sector depends on growth in the real economy, an unbalanced economy is not sustainable.” 

tags: census, manufacturing, exports, added value, employment, growth, economy


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