Wellington has a unique position within New Zealand. It’s the transit point between the North and South Islands, but most importantly it’s the nation’s capital.
Because of this, Wellington won’t become a backwater. It’s simply impossible for that to happen because of the money being made by people connected to the public sector.
The technology industry and creative industries also have a strong foothold. Whether it’s a craft brewery or technology start-up, Wellington is the place to be if you don’t want to live in Auckland.
And there’s the rub – as Wellington’s economy adds more high skill jobs and formerly secure middle income roles are automated or outsourced, the income inequality already evident will increase even further.
I think Wellington will do just fine over the coming decades. But only if you are a high skill worker, or connected to the public sector in some way, shape or form.
For the masses of people not fortunate enough to benefit from this, Wellington will become a very tough place to live and raise a family. The baby boomer elite have pulled the ladder up after themselves.
One day, enough people will become angry enough to make some changes. Until then, don’t expect anything to change. The permanent government will always think of itself before it thinks of others. And that’s their greatest flaw.