Do you? Here's a list of US companies founded by immigrants:
Google, Apple (2nd gen), Intel, Tesla, ebay, Yahoo
The New Zealand government really wants people to believe that we're experiencing 'economic growth'. But while they might be technically right, they're effectively wrong. Economic growth that is so much entirely from immigration that we're effectively in per-capita-GDP recession is not real, useful, good growth.
Here's per-capita GDP growth in New Zealand, showing that there is real growth after normalising for changes in population: https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&...
When you shave ~1% off to account for immigration, then shave off another ~1% for inflation and you can see the hidden recessions.
And then you get into where that economic growth is going, which isn't to the bottom 80% of society. The end result looks a lot like the US median household income: https://www.google.com/publicdata/explore?ds=c8op9mhgodplq_&...
If you click on the little question mark, you'll also learn that inflation is also factored in already:
"Aggregates are based on constant 2010 U.S. dollars."
There's no reason we shouldn't be growing much more quickly. But we're not going to do so in a neoliberal world. That's just not going to happen. Draining the wealth of society to a small group of people that spend little money just doesn't drive growth.
People can't spend and drive the economy when they're dirt poor.
It seems like NZ is growing at a pace of around 3%p.a. You're free to argue that there's some fantastic economic system that only you know, but most people will rightfully be sceptical of such claims unless you have a few examples of countries at NZ's high level of development growing at a much higher pace.
Other than that I've lost track of what were arguing. It appears as if you just start making completely unrelated arguments when you're proven wrong.
No it was not. Not per-capita. Growth ignoring population changes is literally completely irrelevant. It has never been relevant.
>It seems like NZ is growing at a pace of around 3%p.a. You're free to argue that there's some fantastic economic system that only you know, but most people will rightfully be sceptical of such claims unless you have a few examples of countries at NZ's high level of development growing at a much higher pace.
NZ before the horrific and inhumane neoliberal reforms of the 1980s ruined this beautiful country was growing at a much faster rate that it has ever grown since.
>Other than that I've lost track of what were arguing. It appears as if you just start making completely unrelated arguments when you're proven wrong.
Lol
Conversely, a mass exodus of educated citizens emigrating from a country negatively impacts growth.