In June, Statistics New Zealand published data from its annual Annual Enterprise Survey (AES) which shows company profits, wages and salaries paid, and many other details of companies in the commercial economy. It shows a falling share of income going to wage and salary earners, along with increasing company profits which are even stronger when… Read more »
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It’s a crucial part of the mythology around National Party Governments that they are “good economic managers”, as their new leader, Simon Bridges, is repeating. The business commentariat repeat it endlessly too. How true is this?
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Wages are important socially and economically, but wages are low in New Zealand. We are in a low wage rut, dependent on low wage industries like agriculture and tourism. Low wages contribute to New Zealand’s high income inequality which has many negative effects. We have evidence that high inequality can lead to social breakdown as… Read more »
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