New Zealand's treading water, with a warning our increasingly overloaded pension system isn't sustainable.

The latest OECD snapshot of our economy suggests unless we adjust systems, including the costs of health, long-term care and pension will increase by about five percent of GDP by 2060.

It says it could be countered by changes including upping Superannuation contributions. 

Economist Cameron Bagrie says we can't keep kicking the can down the road - and that we need to address entitlements, through lifting the retirement age or means testing. 

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New Zealand's treading water, with a warning our increasingly overloaded pension system isn't sustainable.
The latest OECD snapshot of our economy suggests unless we adjust systems, including the costs of health, long-term care and pension will increase by about five percent of GDP by 2060.
It says it could be countered by changes including upping Superannuation contributions.&nbsp;
Economist Cameron Bagrie says we can't keep kicking the can down the road - and that we need to address entitlements, through lifting the retirement age or means testing.&nbsp;
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Cameron Bagrie: independent economist issues warning over nation's overloaded pension system

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/817c794a-2e8a-4d47-9370-b4430064568e/transcript

The cost of computer components has shot up, and there's concerns about what it could mean for the tech sector.

The shortage of memory chips has prompted tech investors to worry about what this could mean for the market.

Sam Dickie from Fisher Funds explained further.

LISTEN ABOVE

The cost of computer components has shot up, and there's concerns about what it could mean for the tech sector.
The shortage of memory chips has prompted tech investors to worry about what this could mean for the market.
Sam Dickie from Fisher Funds explained further.
LISTEN ABOVE

Sam Dickie: Fisher Funds expert on how the memory shortage could impact the tech sector

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/fc356021-6bd5-4a70-9058-b4430082c07e/transcript

Protein is seeing a surge in popularity all over the world, and that's great news for Kiwi farmers.

Reports claim a boom industry has developed around supplying high protein calories for those who are losing muscle mass from taking weight loss drugs like Ozempic and Wegovy. 

The Country's Jamie Mackay explained further.

LISTEN ABOVE

Protein is seeing a surge in popularity all over the world, and that's great news for Kiwi farmers.
Reports claim a boom industry has developed around supplying high protein calories for those who are losing muscle mass from taking weight loss drugs like Ozempic and Wegovy.&nbsp;
The Country's Jamie Mackay explained further.
LISTEN ABOVE

Jamie Mackay: The Country host on what the 'protein boom' means for Kiwi farmers

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a7917642-03f7-473d-b8a9-b4430080a483/transcript

The rise in AI has seen demand for professionally written CVs in a bid to stand out against algorithms.

Experts say while AI can be useful to screen hundreds of applicants faster, it's created a transparency gap between employers and jobseekers.

CVs by Sarah director Sarah Wrightson says the screening software rules out applicants before a human gets a chance to look at their CVs, and it results in qualified applicants getting filtered out.

"I've had clients come to me saying that they've applied for 80 jobs and heard nothing back - and often, they've actually got really solid experience. The software's looking for alignment and clarity, humans read context, the software doesn't." 

LISTEN ABOVE

The rise in AI has seen demand for professionally written CVs in a bid to stand out against algorithms.
Experts say while AI can be useful to screen hundreds of applicants faster, it's created a transparency gap between employers and jobseekers.
CVs by Sarah director Sarah Wrightson says the screening software rules out applicants before a human gets a chance to look at their CVs, and it results in qualified applicants getting filtered out.
"I've had clients come to me saying that they've applied for 80 jobs and heard nothing back - and often, they've actually got really solid experience. The software's looking for alignment and clarity, humans read context, the software doesn't."&nbsp;
LISTEN ABOVE

Sarah Wrightson: CVs by Sarah director on the rise of AI in the job recruitment process

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b696cbd9-d9c8-4833-bcdc-b443007344ad/transcript

Cameron Bagrie: independent economist issues warning over nation's overloaded pension system

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