to which I would say, 'yeah right'. 'relaxed and flexible labour market' reads as abundance of unemployed/low skill workers who'll accept minimum rate pay while continuing to recive NZ Govt financial aid to bring it up to a minimal living standard. Refer to Poverty our biggest growth industry - academic from yesterday's news. Sad reading.low wages, low dollar and less militant labour laws aren't the only reason
While the people who get a job may be happy, the govt and papers continue on a bout generating a 'knowledge economy' and importing minimum pay/low skill jobs hardly seems a step in this direction.
As for cigarette manufacturing, what next, nuclear waste disposal? What a backwards step that is.
Here (Thailand) the minimum daily rate has increased to 300 baht (NZ$12) per day, resulting in some companies moving to Cambodia and Indonesia for 'low wages, better exchange rates and less (no?) labour laws'.
Seems to be natural progression as they work their way down the chain - remember when things from Japan were considered cheap/junk? Then it was Taiwan, Korea, China, and so on. NZ becomes Australia's budget workshop, and the companies will get tax concessions for generously bringing their employment to NZ.