http://d3kvsdrdan3wbb.cloudfront.net/img/450b6f95/1008/The-deunionisation-that.jpg
Inequality in both market and disposable incomes has been stable for a good 20 years, as the tweet shows, while inequality in consumption has been falling.
Utopia, you are standing in it!
The Council of Trade Unions scored something of an own goal in the 2014 election campaign when it was denouncing the Employment Contracts Act 1991 as the reason for wages growth have not kept up with GDP per capita growth since its passage in 1991. Its evidence in chief against the deregulation of the New Zealand labour market is in the snapshot below showing their graph of real GDP per capita and average real wages from 1965 to 2014.
Source: Low Wage Economy | New Zealand Council of Trade Unions – Te Kauae Kaimahi.
The chart selected by the Council of Trade Unions shows several distinct trends in wages growth and real GDP growth per capita in New Zealand. None of these trends nor breaks in trends support the hypothesis that the days prior to the Employment Contracts Act 1991 were the good old days where workers shared generally…
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