We won’t know for a while which parties will make up the new New Zealand Government. Whoever it is will face the same challenges. The most likely shocks to New Zealand’s economy are from the international economy and from a crash in the housing market. There are still many concerns in Europe, the US, even… Read more »
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A new report on inequalities in wages, salaries and the income of the self-employed finds growing inequalities in the income they earned per hour over the period 1998 to 2015. To a reasonable approximation, two-thirds of employees are paid below the average wage and they received either very low wages or experienced low wage growth,… Read more »
Read more... The heat of the general election campaign is rising so I suppose it is the time that you’d expect more than usual numbers of fake facts to be tossed around. You’d also hope that there would be more than the usual journalistic checking of them. Here’s a check of a couple of fake facts to… Read more »
Read more... The share of income that working people receive from all the income generated by their work – the labour income share – is important for many reasons and has long been of interest. It is a measure of income inequality because the richest people in the country tend to make most of their money from… Read more »
Read more... The Budget last week was, as expected, an election year Budget. Many low and middle income families will welcome the relief of some extra money in their pockets. But much more could have gone to them rather than to high income earners, and there would have been funding left over to address problems like the… Read more »
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On 25 May, the Government will announce its last Budget before the election. Budgets are always political statements whose facts are difficult to spot amid the tornado-like spin, but pre-election Budgets are even more so. But it is worth stating the obvious: Budgets should be about making lives better for New Zealanders. Finance Minister Steven… Read more »
Read more... The age of eligibility to receive New Zealand Superannuation is again being challenged. The usual reason given for raising the age of eligibility is affordability of the scheme. For example the Commission for Financial Capability (formerly the Retirement Commission) in its 2016 Review of Retirement Income Policies justified it by asserting that in 2015/16 New… Read more »
Read more... With the Transpacific Partnership Agreement (TPPA) in its death throes, it is time to think about what a good alternative – and what people-friendly globalisation – would look like. At the heart of public concerns, whether it is about the impact of these agreements on medicine prices, public health, labour rights, the environment, privacy, the… Read more »
Read more... Looking ahead for the year is always educated guesswork, but this year it is more guesswork than educated. That’s because of some very big unknowns: in particular Trump and Brexit. At home we have had economic growth but it has been weak per person and per hour showing falling productivity which does not bode well… Read more »
Read more... We most often think about inequality in terms of income or wealth, but what if some people also experience the cost of living differently? What if the costs that one household faces go up more quickly than the costs of another household? That could add to – or subtract from – income inequality. Until now… Read more »
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