Posted December 13, 2024 22:15
· last edited December 13, 2024 22:19
Nommag
Ryan
theprof
Yeah, average punter will only be able to spend that spare money some many times. Especially so close to xmas.
also apparently 11% of jobs in Wellington have been lost, so there isn't a lot of disposable income going around at the moment.
Crickey 11%. I didn't realise it was that bad. I can only imagine what it would be like in Hamilton if that many people suddenly lost their jobs.
it was a double whammy with the big employers like Xero, the banks, spark, etc doing restructures this time last year and then the government cuts this year. But, the city doesn't seem too bad relativly. Most families would have been on double incomes and there's redundancy pay etc. definitely belt tightening will impact things like the nix though, even those who are employed will be weary about throwing money around in case their next.
Another big impact was on hospitality with more people working from home. Wellington has a big CBD for the population and that's because historically it employed and entertained multiple cities in the region. COVID changed that culture with the suburban eateries and bars are thriving but at the expense of the city.
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Unknown editoredited December 13, 2024 22:19
Nommag
Ryan
theprof
Yeah, average punter will only be able to spend that spare money some many times. Especially so close to xmas.
also apparently 11% of jobs in Wellington have been lost, so there isn't a lot of disposable income going around at the moment.
Crickey 11%. I didn't realise it was that bad. I can only imagine what it would be like in Hamilton if that many people suddenly lost their jobs.
it was a double whammy with the big employers like Xero, the banks, spark, etc doing restructures this time last year and then the government cuts this year. But, the city doesn't seem too bad relativly. Most families would have been on double incomes and there's redundancy pay etc. definitely belt tightening will impact things like the nix though, even those who are employed will be weary about throwing money around in case their next.
Another big impact was on hospitality with more people working from home. Wellington has a big CBD for the population and that's because historically it employed and entertained multiple cities in the region. The suburban eateries and bars are thriving but at the expense of the city.
Unknown editoredited December 13, 2024 22:18
Nommag
Ryan
theprof
Yeah, average punter will only be able to spend that spare money some many times. Especially so close to xmas.
also apparently 11% of jobs in Wellington have been lost, so there isn't a lot of disposable income going around at the moment.
Crickey 11%. I didn't realise it was that bad. I can only imagine what it would be like in Hamilton if that many people suddenly lost their jobs.
it was a double whammy with the big employers like Xero, the banks, spark, etc doing restructures this time last year and then the government cuts this year. But, the city doesn't seem too bad. Most families would be on double incomes and there's redundancy pay etc. definitely belt tightening will impact things like the nix though, even those who are employed will be weary about throwing money around in case their next.