September 8, 2025 • 10 mins
THE BEST BITS IN A SILLIER PACKAGE (from Tuesday's Mike Hosking Breakfast) Show Your Working/Are Teachers Really Not Paid Enough?/Are the Rest of Us Really Not Paid Enough?/Yet Another Meaningless Poll/Just Your Everage Glenn
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Speaker 1 (00:09):
You're listening to a podcast from news Talk zed be
follow this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:24):
Rerap.
Speaker 3 (00:25):
Okay there and welcome to the Rewrap for Tuesday. All
the best that's from the Mike Husking Breakfast on News Tours.
It'd be in a sillier package, Giant Glen Hart. Today
we're back talking to teacher pay again. In fact, we're
talking about everybody's pay this morning, another day, another poll
we didn't need, it might be meaningless, and we're going
to start.
Speaker 4 (00:45):
The hashtag average Glenn. But before any of that, the
Reserve Bank.
Speaker 1 (00:51):
Mike.
Speaker 4 (00:52):
This gets us a little bit too obsessed with this.
Speaker 2 (00:54):
To tell you what I'd like to think. In fact,
we should all thank Kelly y Echold, sometime participant on the
show most of the time economists at Westpac for us
thinking around the future of the Reserve Bank. As I've
seen many many times, if one good thing came out
of COVID, it put the Reserve Bank its role and
influence front and center for many more of us that
may never really have paid attention to its workings and
its ability to shape everyday aspects of our lives. Echold
(01:17):
suggests the new governor put the inflation target a little
bit higher than the one point three percent. Historically we
said at about two and a half percent, So chasing
less than that can have a lot of effects. You
may or may not want do. Remember some inflation's good.
You actually want inflation, you just don't want the amount
we've had, and you want it produced from growth, not
just the cost plus accounting from councils and power companies.
(01:37):
More importantly for me is the public accountability. He speaks of.
The quickly or debarcle shows you what can go on
if public disclosure is not as fulsome as it could be.
Echold wants the Monetary Committee vote made public good idea,
so it should be. It's not often there's a divergence,
but there has been lately. In fact, in the last
statement and involved the vote of four to two, they've
(01:58):
never had that happen before four to two. So why
don't we know who they were and what they said? Well,
the rules as they stand mean a person on the
committee can indeed out themselves, but you will notice from
last time and did why not next time? A press
conference should be held after each meeting, not just the
ones that produce a cash right call good idea. I
cannot and I know I'm a wonk, but I cannot
(02:19):
press enough the value of watching these things live, not
just the Reserve Bank, but politicians who these days, thanks
to digital coverage of places like The Herald, run them
in full routine them I mean Peter's over the weekend,
spoke for in excess of an hour. It was an
interesting watch. The irony of that is you would be
amazed what you learn as opposed to what you may
or may not learn from a news bullet and edited
(02:39):
and often curtailed to a point of nonsense later in
the day. The best example on an ongoing basis is
the Prime ministerial press conference on a Monday after cabinet
yesterday was a good example. Went for about forty five
to fifty minutes. It was interesting. So more press is
more transparency, which is more detailed, more sunlike, more inquisition,
more knowledge. What possibly could the Reserve Bank argue is
wrong with that?
Speaker 3 (02:59):
Well, other than the fact that they have to talk
to normal people about things that are very complicated in
a way that normal people will understand them. And I'm
not sure that any of these people involved with this
organization are capable of doing that a rewrap. Right teachers,
there's still no settlement.
Speaker 4 (03:22):
In fact, things seem to be getting worse, not better.
What's going on here? And are they really not being
paid enough?
Speaker 2 (03:27):
Dealing with the teachers? So pay increases for primary between
three thousand, eight hundred and nine thousand, four hundred rent
regular annual progression included over the two years, you're looking
at an increase of seven thousand, seven hundred through to
sixteen thousand, nine hundred. Average salary for primary school teachers
increased from eighty five thousand three years ago to ninety
(03:49):
four thousand. Now, fifty seven percent of full time primary
teachers are now earning between nineteen one hundred and ten
thousand dollars and sixteen percent are earning over one hundred
and ten thousand dollars. Does that strike you as pretty good?
Speaker 3 (04:03):
No, because I've made it quite clear in the past
you couldn't pay me enough to be a teacher, like
literally no amount. And as I've also said before, the
reason is imagine if fainted up with somebody like me
in my class, render a rewrap.
Speaker 4 (04:18):
So anyway, let's widen things out of that. As everybody
in New Zealand not being paid enough.
Speaker 2 (04:23):
Simple lesson in running an economy, and it's fall out
if you get it wrong. When it comes to income growth,
we're one of the worst in the world. I'm sorry
to tell you this. In the past decade we were
twenty five out of forty three countries. That's bad enough.
But in the past couple of years we learned yesterday
post COVID the induced recession of all robertson adorn the
usual suspects. We're now thirty seven, thirty seven out of
forty three. Why because when an economy goes backwards, there
(04:45):
are lots of people looking for work, but not a
lot of work to do, so you don't have to
pay people as much as you might have if you
couldn't find anyone to do the job, because they were
all gainfully employed. Side note, by the way, as a
bloke called Girko runs a company called xtx Markets. He's
currently offering interns who want to deal with AI and
trading fifty three thousand dollars a month a month. That's
because the world can't get enough excuse me tech geeks,
(05:08):
and the ones who are good are offered a fortune.
It's good old fashioned supply and demand. Basically, the banks
call it capacity in the economy. When you have capacity,
you don't have a lot of jobs about the place.
You can if you're so desire artificially pay people more.
I mean in Britain, for example, their wage growth remarkable
as well, in excess of five percent, which is well
above inflation. So people, at least in theory are getting ahead.
(05:30):
And you might say, well, based on those figures, my word,
Britain is doing well, except they're not because they paid
the public service masses more money than they didn't have,
and hence they're now in basically little short of a
fiscal crisis, which is why you see teachers, nurses and
doctors here on strike, because they're being offered pay rises
below inflation. But then when the people writing the checks
(05:51):
have less than no money, you might be might be
worth asking why that is. And the answer is because
we screwed the economy, printed the money, blew the budget,
and all the previous government could offer by way of
rationale was the well used line we saved lives, and
even that, according to the COVID inquiry, is now highly
debatable anyway. Years on wage growth, some of the worst
(06:11):
in the world brought about entirely by making simple fundamental
economic mistakes.
Speaker 3 (06:17):
Or are we not being paid enough because we're just
not doing a very good job. I know I'm not
I'm terrible. Don't believe they keep me around.
Speaker 4 (06:25):
I can't believe. I just sad that out lab forgive
you hear anything?
Speaker 3 (06:29):
The rewrap right, so whole time again, because you know
it's another day.
Speaker 4 (06:34):
Why not have another pole?
Speaker 2 (06:35):
Were by the taxpayer union poll yesterday? I wasn't a
national upper but no labor gone no where anyway. The
point is sixty one sixty. Everyone seemed to make a
headline out of it. It would be a change of government.
I mean, will it really? I mean, if you look
at the numbers for the parties, the Greens are at
almost eleven percent, that's not real. To party Murray is
at four and a half percent. That's not real. It's
not remotely real. So all the rest are you know,
(06:58):
apparently actor at six point seven. It may or may
not be real. But they're down two points. I mean,
you don't lose that. There's too much movement, is what
I'm saying. It's up, it's down, it's all over the place.
The by election was going to be close.
Speaker 3 (07:12):
Woops, No, it wasn't as meaningless as we've all agreed,
these polls are. You do, if you're national, you do
have to be slightly anxious that it does seem to
be a trend, a general sort of trend and it's
not in your favor.
Speaker 4 (07:28):
But like I say, who cares, it's the rewrap.
Speaker 3 (07:30):
And that's just me. That's just me being an average glean.
I know you're thinking it's normally an average joke. That's
more of an American thing. I think average glean is
more New Zealander, don't you.
Speaker 4 (07:40):
Let's find out very interesting.
Speaker 2 (07:42):
This guy's are full work life balances and must have
in critical to mental health. He's just reworking or rewording
what it really means. Not everyone can be a high achiever. Jeez, Glen,
it's glean Glean, it's glean. I literally did say not
everyone can be a high achiever, because.
Speaker 4 (08:00):
If we're all high achievers, then we're all just average
achievers that way.
Speaker 2 (08:03):
Is it just glens who don't that.
Speaker 3 (08:05):
You've got to have gleans, Gleans who make the word
that is too many, if not most, can mentally motivate
themselves to be champions or had the ability to do so.
Speaker 2 (08:13):
He does not understand the psychic ability of your average
person or of your average glean.
Speaker 4 (08:19):
That's what I'm saying, Spirrah thought for the average people way,
what about it?
Speaker 2 (08:22):
What about the glens out there? Fair enough? Very good
piece from Chris Keeley yesterday, the tech editor in The Herald,
on this ongoing mystery of the media's reaction to AWS
last week. And they talked to a bloke who basically,
they are using the power by the way people are going,
does it really exist? Did anything really happen? Was it
a news story? Was it not? Yes, it was because
Amazon are currently using the power contract that they signed
(08:45):
with Mercury back in twenty twenty three to take half
the output from the Gen Taylor's new one hundred and
three megawatt wind farms south of Partmston North. So they
are pulling power off the crit like there is no tomorrow.
But as one guy called Glenn Barnes says in the article,
read the whole article is fascinating inside. He didn't care
how Amazon delivered its cluster of three availability zones. Whether
(09:06):
they built their own or co located, doesn't matter. It
doesn't matter if they own the data center or its
third party, and the one out West would only have
been one of the three they required for the region.
That's the one that didn't get built and all the
scandals started from. So quote them. What's the problem for
us having aws? And New Zealand's a good thing as
it makes it easier to land New Zealand based business.
(09:28):
He saw no issue with the business leasing space rather
than owning it. So read all of that.
Speaker 4 (09:33):
More straight talk from an average Glenn.
Speaker 2 (09:34):
Yeah, more straight talk from an average Glen. Not a
high performer, but just logical.
Speaker 4 (09:40):
What are the chances Ben's here, there and everywhere?
Speaker 1 (09:45):
You know?
Speaker 3 (09:45):
I've had I actually had this discussion my partner as
a manager, much more higher performer than I am, and
obviously I make fun of management speak and you know,
and they talk about culture and philosophy and mission statements
(10:05):
and stuff like that, and she pulled me up on
it the other day, and rightfully so, because you know,
only people who understand that stuff can go on to
be a high performer and I and I don't want
to drag those high performers down to my level, and
nor should I, because, as I say, otherwise, we're just
(10:27):
all average and nobody is excellent, and I don't want
to be the cause of that.
Speaker 4 (10:33):
Hi, airkin Hat.
Speaker 3 (10:35):
I'll be back here with another sort of mediocre podcast
for you tomorrow, and I hope you'll enjoy it not
too much.
Speaker 4 (10:41):
Just the Huguet.
Speaker 1 (10:50):
For more from News Talks at b listen live on
air or online, and keep our shows with you wherever
you go with our podcasts on iHeartRadio.
You're listening to a podcast from news Talk zed be
follow this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:24):
Rerap.
Speaker 3 (00:25):
Okay there and welcome to the Rewrap for Tuesday. All
the best that's from the Mike Husking Breakfast on News Tours.
It'd be in a sillier package, Giant Glen Hart. Today
we're back talking to teacher pay again. In fact, we're
talking about everybody's pay this morning, another day, another poll
we didn't need, it might be meaningless, and we're going
to start.
Speaker 4 (00:45):
The hashtag average Glenn. But before any of that, the
Reserve Bank.
Speaker 1 (00:51):
Mike.
Speaker 4 (00:52):
This gets us a little bit too obsessed with this.
Speaker 2 (00:54):
To tell you what I'd like to think. In fact,
we should all thank Kelly y Echold, sometime participant on the
show most of the time economists at Westpac for us
thinking around the future of the Reserve Bank. As I've
seen many many times, if one good thing came out
of COVID, it put the Reserve Bank its role and
influence front and center for many more of us that
may never really have paid attention to its workings and
its ability to shape everyday aspects of our lives. Echold
(01:17):
suggests the new governor put the inflation target a little
bit higher than the one point three percent. Historically we
said at about two and a half percent, So chasing
less than that can have a lot of effects. You
may or may not want do. Remember some inflation's good.
You actually want inflation, you just don't want the amount
we've had, and you want it produced from growth, not
just the cost plus accounting from councils and power companies.
(01:37):
More importantly for me is the public accountability. He speaks of.
The quickly or debarcle shows you what can go on
if public disclosure is not as fulsome as it could be.
Echold wants the Monetary Committee vote made public good idea,
so it should be. It's not often there's a divergence,
but there has been lately. In fact, in the last
statement and involved the vote of four to two, they've
(01:58):
never had that happen before four to two. So why
don't we know who they were and what they said? Well,
the rules as they stand mean a person on the
committee can indeed out themselves, but you will notice from
last time and did why not next time? A press
conference should be held after each meeting, not just the
ones that produce a cash right call good idea. I
cannot and I know I'm a wonk, but I cannot
(02:19):
press enough the value of watching these things live, not
just the Reserve Bank, but politicians who these days, thanks
to digital coverage of places like The Herald, run them
in full routine them I mean Peter's over the weekend,
spoke for in excess of an hour. It was an
interesting watch. The irony of that is you would be
amazed what you learn as opposed to what you may
or may not learn from a news bullet and edited
(02:39):
and often curtailed to a point of nonsense later in
the day. The best example on an ongoing basis is
the Prime ministerial press conference on a Monday after cabinet
yesterday was a good example. Went for about forty five
to fifty minutes. It was interesting. So more press is
more transparency, which is more detailed, more sunlike, more inquisition,
more knowledge. What possibly could the Reserve Bank argue is
wrong with that?
Speaker 3 (02:59):
Well, other than the fact that they have to talk
to normal people about things that are very complicated in
a way that normal people will understand them. And I'm
not sure that any of these people involved with this
organization are capable of doing that a rewrap. Right teachers,
there's still no settlement.
Speaker 4 (03:22):
In fact, things seem to be getting worse, not better.
What's going on here? And are they really not being
paid enough?
Speaker 2 (03:27):
Dealing with the teachers? So pay increases for primary between
three thousand, eight hundred and nine thousand, four hundred rent
regular annual progression included over the two years, you're looking
at an increase of seven thousand, seven hundred through to
sixteen thousand, nine hundred. Average salary for primary school teachers
increased from eighty five thousand three years ago to ninety
(03:49):
four thousand. Now, fifty seven percent of full time primary
teachers are now earning between nineteen one hundred and ten
thousand dollars and sixteen percent are earning over one hundred
and ten thousand dollars. Does that strike you as pretty good?
Speaker 3 (04:03):
No, because I've made it quite clear in the past
you couldn't pay me enough to be a teacher, like
literally no amount. And as I've also said before, the
reason is imagine if fainted up with somebody like me
in my class, render a rewrap.
Speaker 4 (04:18):
So anyway, let's widen things out of that. As everybody
in New Zealand not being paid enough.
Speaker 2 (04:23):
Simple lesson in running an economy, and it's fall out
if you get it wrong. When it comes to income growth,
we're one of the worst in the world. I'm sorry
to tell you this. In the past decade we were
twenty five out of forty three countries. That's bad enough.
But in the past couple of years we learned yesterday
post COVID the induced recession of all robertson adorn the
usual suspects. We're now thirty seven, thirty seven out of
forty three. Why because when an economy goes backwards, there
(04:45):
are lots of people looking for work, but not a
lot of work to do, so you don't have to
pay people as much as you might have if you
couldn't find anyone to do the job, because they were
all gainfully employed. Side note, by the way, as a
bloke called Girko runs a company called xtx Markets. He's
currently offering interns who want to deal with AI and
trading fifty three thousand dollars a month a month. That's
because the world can't get enough excuse me tech geeks,
(05:08):
and the ones who are good are offered a fortune.
It's good old fashioned supply and demand. Basically, the banks
call it capacity in the economy. When you have capacity,
you don't have a lot of jobs about the place.
You can if you're so desire artificially pay people more.
I mean in Britain, for example, their wage growth remarkable
as well, in excess of five percent, which is well
above inflation. So people, at least in theory are getting ahead.
(05:30):
And you might say, well, based on those figures, my word,
Britain is doing well, except they're not because they paid
the public service masses more money than they didn't have,
and hence they're now in basically little short of a
fiscal crisis, which is why you see teachers, nurses and
doctors here on strike, because they're being offered pay rises
below inflation. But then when the people writing the checks
(05:51):
have less than no money, you might be might be
worth asking why that is. And the answer is because
we screwed the economy, printed the money, blew the budget,
and all the previous government could offer by way of
rationale was the well used line we saved lives, and
even that, according to the COVID inquiry, is now highly
debatable anyway. Years on wage growth, some of the worst
(06:11):
in the world brought about entirely by making simple fundamental
economic mistakes.
Speaker 3 (06:17):
Or are we not being paid enough because we're just
not doing a very good job. I know I'm not
I'm terrible. Don't believe they keep me around.
Speaker 4 (06:25):
I can't believe. I just sad that out lab forgive
you hear anything?
Speaker 3 (06:29):
The rewrap right, so whole time again, because you know
it's another day.
Speaker 4 (06:34):
Why not have another pole?
Speaker 2 (06:35):
Were by the taxpayer union poll yesterday? I wasn't a
national upper but no labor gone no where anyway. The
point is sixty one sixty. Everyone seemed to make a
headline out of it. It would be a change of government.
I mean, will it really? I mean, if you look
at the numbers for the parties, the Greens are at
almost eleven percent, that's not real. To party Murray is
at four and a half percent. That's not real. It's
not remotely real. So all the rest are you know,
(06:58):
apparently actor at six point seven. It may or may
not be real. But they're down two points. I mean,
you don't lose that. There's too much movement, is what
I'm saying. It's up, it's down, it's all over the place.
The by election was going to be close.
Speaker 3 (07:12):
Woops, No, it wasn't as meaningless as we've all agreed,
these polls are. You do, if you're national, you do
have to be slightly anxious that it does seem to
be a trend, a general sort of trend and it's
not in your favor.
Speaker 4 (07:28):
But like I say, who cares, it's the rewrap.
Speaker 3 (07:30):
And that's just me. That's just me being an average glean.
I know you're thinking it's normally an average joke. That's
more of an American thing. I think average glean is
more New Zealander, don't you.
Speaker 4 (07:40):
Let's find out very interesting.
Speaker 2 (07:42):
This guy's are full work life balances and must have
in critical to mental health. He's just reworking or rewording
what it really means. Not everyone can be a high achiever. Jeez, Glen,
it's glean Glean, it's glean. I literally did say not
everyone can be a high achiever, because.
Speaker 4 (08:00):
If we're all high achievers, then we're all just average
achievers that way.
Speaker 2 (08:03):
Is it just glens who don't that.
Speaker 3 (08:05):
You've got to have gleans, Gleans who make the word
that is too many, if not most, can mentally motivate
themselves to be champions or had the ability to do so.
Speaker 2 (08:13):
He does not understand the psychic ability of your average
person or of your average glean.
Speaker 4 (08:19):
That's what I'm saying, Spirrah thought for the average people way,
what about it?
Speaker 2 (08:22):
What about the glens out there? Fair enough? Very good
piece from Chris Keeley yesterday, the tech editor in The Herald,
on this ongoing mystery of the media's reaction to AWS
last week. And they talked to a bloke who basically,
they are using the power by the way people are going,
does it really exist? Did anything really happen? Was it
a news story? Was it not? Yes, it was because
Amazon are currently using the power contract that they signed
(08:45):
with Mercury back in twenty twenty three to take half
the output from the Gen Taylor's new one hundred and
three megawatt wind farms south of Partmston North. So they
are pulling power off the crit like there is no tomorrow.
But as one guy called Glenn Barnes says in the article,
read the whole article is fascinating inside. He didn't care
how Amazon delivered its cluster of three availability zones. Whether
(09:06):
they built their own or co located, doesn't matter. It
doesn't matter if they own the data center or its
third party, and the one out West would only have
been one of the three they required for the region.
That's the one that didn't get built and all the
scandals started from. So quote them. What's the problem for
us having aws? And New Zealand's a good thing as
it makes it easier to land New Zealand based business.
(09:28):
He saw no issue with the business leasing space rather
than owning it. So read all of that.
Speaker 4 (09:33):
More straight talk from an average Glenn.
Speaker 2 (09:34):
Yeah, more straight talk from an average Glen. Not a
high performer, but just logical.
Speaker 4 (09:40):
What are the chances Ben's here, there and everywhere?
Speaker 1 (09:45):
You know?
Speaker 3 (09:45):
I've had I actually had this discussion my partner as
a manager, much more higher performer than I am, and
obviously I make fun of management speak and you know,
and they talk about culture and philosophy and mission statements
(10:05):
and stuff like that, and she pulled me up on
it the other day, and rightfully so, because you know,
only people who understand that stuff can go on to
be a high performer and I and I don't want
to drag those high performers down to my level, and
nor should I, because, as I say, otherwise, we're just
(10:27):
all average and nobody is excellent, and I don't want
to be the cause of that.
Speaker 4 (10:33):
Hi, airkin Hat.
Speaker 3 (10:35):
I'll be back here with another sort of mediocre podcast
for you tomorrow, and I hope you'll enjoy it not
too much.
Speaker 4 (10:41):
Just the Huguet.
Speaker 1 (10:50):
For more from News Talks at b listen live on
air or online, and keep our shows with you wherever
you go with our podcasts on iHeartRadio.
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