CTU Economic Bulletin

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  • February 2012

    We’re told that New Zealand has had an awful saving record, but that it’s now turning around. Is that true? Household debt grew hugely in the US too, and the financial system, including profits and pay, grew to an absurd size, partly on the back of it. Did that happen here too?

  • January 2012

    A graph showing the share of income that the richest 1% of people in New Zealand have received over the last 90 years together with union membership over that period gives a clear picture. Income inequality has risen when union membership has been falling, and inequality has fallen when union membership has been strong.

  • November 2011

    Events around the world threaten another round of recession and dangerous financial turmoil. Just as in 2008, there was little debate about what parties would do if the economy plunges. The incoming government could once again plead “crisis” and change may be much deeper than National’s election platform.

  • October 2011

    The political parties now have most of their employment relations policies out. These policies have great importance for New Zealand’s wage levels, and already there are the predictable allegations by business that Labour’s policies will lead to unaffordable wage demands. Yet it is inescapable that National’s policies which weaken collective bargaining will mean lower wages. This commentary shows that higher wages are affordable, even with current economic output and growth rates. And of course wages could be higher yet, if productivity increased faster – and the results of that were fairly shared with wage and salary earners.