March 2009
Comment
This is my 100th Bulletin. It is not quite my last. Our new economist takes over in May. I have found over the years that unionists value a statistical update that focuses on the measures that matter to them. Of course statistics can be misused. And sometimes a statistic can be accurate but still mislead without other details to round out the story. For instance, China has surpassed the USA as the world's largest emitter of greenhouse gases but per capita emissions in the USA are 6 times that of China. And one I often remind people of is that while it is true that in New Zealand, 97 percent of enterprises employ 19 or fewer people, the other 3 percent of enterprises employ 69 percent of the workforce and 68 percent of enterprises employ no-one at all. It is also relevant that around 96 percent of Australian firms employ fewer than 20 workers.
