this post was submitted on 20 Feb 2024
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Aotearoa / New Zealand

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Woolworths CEO Brad Banducci's heated interview on pricing practices (www.abc.net.au)
submitted 9 months ago by BalpeenHammer to c/newzealand
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[–] steakmeout@lemmy.world 1 points 9 months ago (1 children)

We’re not relatively poor. Where did you get that from?

https://www.dfat.gov.au/sites/default/files/australia-is-a-top-20-country-all-topics.pdf

[–] evanuggetpi 4 points 9 months ago (2 children)

This is an NZ community

[–] Dave 2 points 9 months ago* (last edited 9 months ago)

I'd still argue we are only poor compared to other high-wealth nations. Our GDP at PPP per capita is roughly in line with Japan and not far behind the UK.

We do much better at GDP in USD but shit's expensive in NZ due to island tax and lack of competition hence my use of PPP.

[–] steakmeout@lemmy.world 0 points 9 months ago (1 children)

The article published is about Woolworths pricing in Australia.

[–] evanuggetpi 1 points 9 months ago

I'm aware of that, but this is an NZ instance so when the poster above is talking about a country, they are talking about NZ.