Labour is promising to create 3000 jobs a year for Otago which shows a distinct lack of ambition when compared with job growth over recent years:
David Cunliffe has committed to short-changing Otago on the job front with his pledge today to create 3000 more jobs in the region if elected, National’s Economic Development spokesman Steven Joyce says.
“In his press release today, Mr Cunliffe announced that Labour’s policies would create 3,000 more jobs in Otago in the next three years. However that would be a major slowdown on job growth achieved in the last five years,” Mr Joyce says.
“In the last five years our policy mix has seen 23,000 extra jobs created in the Otago region according to Statistics New Zealand. That’s an average of 4,600 jobs a year. Mr Cunliffe is proposing to cut that growth rate by nearly 80 per cent with his ‘economic upgrade’.
“On the one hand I understand Mr Cunliffe’s lack of ambition. A Labour-Greens government with at least four big extra taxes and large amounts of extra spending and the high interest rates that go with it would be a massive drag on the Otago economy.
“On the other hand, with their policy prescription I think they would struggle to even create the extra 1000 jobs a year he suggests.
“Under this Government Otago’s unemployment rate has dropped to 3.3 per cent – one of the lowest in the country.
“And great Otago companies are flat out creating the Innovation and Knowledge Centre Mr Cunliffe says he wants to create.
“Mr Cunliffe is struggling under the weight of his own lack of knowledge about what is happening in the region.
“I suspect that once Otago people compare their economic performance under this government with Mr Cunliffe’s prescription, they will likely tell him to keep his ‘economic upgrade’.”
The Otago unemployment rate is now at about 3.5%.
That’s getting down to the unemployable – those who either can’t or won’t work for a variety of reasons.
One reason for that is government policies and the economic climate, including low interest rates, have given businesses the confidence to invest and expand.
But that confidence will be severely dented by the anti-business, anti-progress policies Labour and its coalition partners – the Green, New Zealand First and Internet Mana parties would impose on us.
They are threatening us with more and higher taxes, greater compliance costs, less flexible employment laws, higher KiwiSaver contributions, higher interest rates . . .
None of those is conducive to business growth and the jobs which rely on it.