The resulting pressures of the new Australian largesse could now be felt in the Kiwi Labour market and even start another brain drain. “Is it going to have an effect on the New Zealand labour market? On current prices, over the next year, the Australian tax man will reap an extra $35 billion in extra corporate taxes from mining alone. Toplis says that any pressure from Australia will be New Zealand getting caught up in a broader trend of Labour shortages. And the Australian unemployment rate, while higher than ours, I think, is going to rapidly close in on ours,” Toplis said.

Source: Stuff May 15, 2021 17:02 UTC