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Our people Board
economy newspaper1

What is your labour really worth?

It is too easy to take prices for granted – in part because nobody invented them. If somebody had invented prices as a way of making sure that goods, services, capital and workers wind up, for the most part, getting to the places where they are most needed, that hero would have commemorative statues everywhere. Read more

Dr Eric Crampton
The National Business Review
28 April, 2017
blue piggy on the grass 1

When government messes up, we all bear the costs

Businesses that fail as badly as government does would go bankrupt. But when government screws up, it gets more power instead. And that makes for some depressing dynamics.New Zealand is getting a new pay equity regime.As the Regulatory Impact Statement for the new Pay Equity and Equal Pay Bill explains, pay equity concerns are most substantial where an occupation has a dominant funder - typically, government. Elsewhere, competitive forces help ensure fair pay. Read more

Dr Eric Crampton
Insights Newsletter
28 April, 2017
algebra1

The number one step

Treating symptoms without diagnosing the disease can provide temporary relief but is not the best way to find the cure in the long run.So it is with medicine, as it is with policy. It is difficult to solve a problem with policy if you do not know where the root cause of the problem lies.New Zealand students are presenting with symptoms of ailing numeracy. At The Initiative, we want to diagnose the underlying cause so we can prescribe the best... Read more

Dr Rachel Hodder
Insights Newsletter
28 April, 2017
Wellington cablecar

Tuis, Kiwis and bus drivers

It has been two weeks since I started work in New Zealand, at the Initiative. Starting a new job in a new country, there are a few things to get used to. But I would not have guessed that the bus ride home would be such a highlight of my day. For those unaccustomed to Wellington buses, this is what happens: Each time someone alights, they break the otherwise contemplative commuter silence and yell “Thanks driver!” all the way up to... Read more

Briar Lipson
Insights Newsletter
28 April, 2017

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