The current spending plunge is the worst in decades, data shows.

Oh, is that the sound of a free market correction?

Is NZ oversupplied for retail? No, it’s the consumers who are wrong.

  • eagleeyedtiger@lemmy.nzEnglish
    0·
    3 days ago

    I mean what do they expect? Literally everything is going up in price, Mortgage rates, insurance, power, food, internet etc. Unless you’re already well off I can imagine a lot of people are just paying to survive right now, let alone having money for discretionary spending. Not to mention we’re supposed to save and invest for our futures as well…

      • eagleeyedtiger@lemmy.nzEnglish
        0·
        3 days ago

        Things such as changing the sick leave rules would help ease the pressure on businesses, or simplifying the Holidays Act.

        “While the government doesn’t have any money they have other levers they can use to remove red tape.”

        Sounds like Retail NZ wants them to erode worker rights and protections as well, I’m sure those retail workers will appreciate that.

        • deadbeef79000@lemmy.nzOP
          0·
          3 days ago

          Yeah, saw that and had a micro-rage.

          That kind of bullshit is what makes me vindictively reduce my retail spending.