Live data from Hacker News

Why isn’t New Zealand richer and more productive?

marginalrevolution.com

61–70 of 169 posts

Re: Why isn’t New Zealand richer and more productive?

#61
post #48

Earlier quoted context omitted.

There's also the related phenomenon that in the US, the rich are in the spotlight of society and the poor are decidedly disliked.

I would disagree that "poor are decidedly disliked" here as a rule. There are plenty of "poor" that are accepted, liked and even esteemed. Think of the starving artists, musicians, olympic athletes, working class poor, the startup set, etc. There is dislike for the poor that resort to crime, thuggery, drugs etc. At least this is how I see it from my middle class perspective.

[deleted]

Re: Why isn’t New Zealand richer and more productive?

#62
post #57

Having lived in NZ for a couple of years working at Victoria University of Wellington, the other piece of the puzzle is NZ suffers from crippling brain drain: their best and brightest students immediately head over to Australia where they can make more money and use the exchange rate to pay off their student loan quicker. My read is that kiwis tend to come back when they're ready to start a family, but during those v…

That was my experience as well. The few folks who managed to work remotely for an overseas company did really well, but pay rates within the country were a lot lower than I expected. Working at a distributed company, I really wish more Kiwis would apply to my company if only so I could have an excuse to go visit. :)

I'm an American with NZ permanent residency. I might be convinced to return there ;-)

Re: Why isn’t New Zealand richer and more productive?

#63
Kiwi here - spent the first 25 years of my life in NZ (Taranaki and Wellington) but relocated to the USA (a year in the Bay Area, then just outside Seattle since 2007).

A few observations of factors that may be considered:

- Distance from markets impacts competitiveness of exports

- Distance from world / experience / culture / opportunities leads to exodus of young travelers (see "the Big OE", http://en.wikipedia.org/wiki/Overseas_experience) and braindrain

- "Tall-poppy syndrome" (http://en.wikipedia.org/wiki/Tall_poppy_syndrome) reduces visibility of or desire for success

- "She'll be right" culture (http://en.wikipedia.org/wiki/She'll_be_right); apathetic, relaxed, or optimistic?

NZ has a very strong entrepreneurial culture but perhaps the challenges above or wrong choice of markets to target make that less effective econony-wise than it could be? There's an interesting read on that at http://pando.com/2013/05/14/number-8-wire-entrepreneurialism....

Re: Why isn’t New Zealand richer and more productive?

#64
post #52

Living in NZ is, by and large, a lifestyle choice for smart, capable New Zealanders. It's trivial to work in Australia [1], reasonably easy [2] to work in the UK, and NZers have a good enough reputation to go to any other majority English-speaking country with little trouble. Because the country is so small - and generally without a class system - it's possible, on a relatively small income, to have everything you mi…

>and a beach house

Surely you mean a bach bro?

Re: Why isn’t New Zealand richer and more productive?

#66
post #48

Earlier quoted context omitted.

There's also the related phenomenon that in the US, the rich are in the spotlight of society and the poor are decidedly disliked.

I would disagree that "poor are decidedly disliked" here as a rule. There are plenty of "poor" that are accepted, liked and even esteemed. Think of the starving artists, musicians, olympic athletes, working class poor, the startup set, etc. There is dislike for the poor that resort to crime, thuggery, drugs etc. At least this is how I see it from my middle class perspective.

> Think of the starving artists, musicians, olympic athletes, working class poor, the startup set, etc

Maybe you are right and I am just cynical. But I have felt that some of these groups (with the exception of working class poor) are tolerated because of their success potential than for their status as individuals. And even with that a large number of people appear to disdainful of unsuccessful people in these fields.

And about the only people who seem to like the working class poor are politicians who see them as a voting bloc of sorts.

Re: Why isn’t New Zealand richer and more productive?

#67
post #57

Having lived in NZ for a couple of years working at Victoria University of Wellington, the other piece of the puzzle is NZ suffers from crippling brain drain: their best and brightest students immediately head over to Australia where they can make more money and use the exchange rate to pay off their student loan quicker. My read is that kiwis tend to come back when they're ready to start a family, but during those v…

That was my experience as well. The few folks who managed to work remotely for an overseas company did really well, but pay rates within the country were a lot lower than I expected. Working at a distributed company, I really wish more Kiwis would apply to my company if only so I could have an excuse to go visit. :)

[deleted]

Re: Why isn’t New Zealand richer and more productive?

#68
post #30

Earlier quoted context omitted.

...and those who realize they have enough ignore the rich and are out living how they want to be (camping, hiking, taking photos, etc.)

and those who realize they have enough ignore the rich If you only could. The problem is that in the US a great portion of taxes are locally raised and spent, and the way of dealing with poverty is to price the poor out of areas where they aren't wanted. To get access to halfway decent schools you need to move to the suburbs, and what's available there in housing is hugely outsized. You cannot save on heating, coolin…

I'm not sure you can't get halfway decent public schools in the cities, but they tend to be local to wealthier neighborhoods. And suburbs in the area I'm from tend to at least have apartments and townhomes, which are a nice middle ground (at least as far as saving on heating, cooling, cleaning, space, cost). The commute still sucks, of course.

Re: Why isn’t New Zealand richer and more productive?

#69
If I were in charge of NZ, I'd probably try to bring in something like pacific fibre, even if it required government subsidy. After that, a focus on making the legal system and business environment very attractive to certain kinds of tech businesses -- maybe that is privacy and security, maybe a very permissive IP regime, maybe something else.

Re: Why isn’t New Zealand richer and more productive?

#70
post #48

Earlier quoted context omitted.

I would disagree that "poor are decidedly disliked" here as a rule. There are plenty of "poor" that are accepted, liked and even esteemed. Think of the starving artists, musicians, olympic athletes, working class poor, the startup set, etc. There is dislike for the poor that resort to crime, thuggery, drugs etc. At least this is how I see it from my middle class perspective.

> Think of the starving artists, musicians, olympic athletes, working class poor, the startup set, etc Maybe you are right and I am just cynical. But I have felt that some of these groups (with the exception of working class poor) are tolerated because of their success potential than for their status as individuals. And even with that a large number of people appear to disdainful of unsuccessful people in these field…

the other person is wrong, the poor are definitely hated in america. they are villianized as lazy welfare queens. remember the 47 percent thing with Romney? turn on fox news for 10 minutes, John Stossel even villianizes the homeless. they also try to get rid of school lunches/food assistance for the poor.
Post reply on HN