Celebrating humanity's flourishing through the spread of capitalism and the rule of law
12 Jan 2016 Leave a comment
in applied welfare economics, economic history, politics - New Zealand, poverty and inequality
After two lost decades from 1974 where there was real wage stagnation and next to no real GDP growth, following the Mother of All Budgets in 1991 under Ruth Richardson and the passage of the Employment Contracts Act in the same year, real wages growth returned after a hiatus of 20 years. These 20 years of real wage stagnation were the good old days if the Leftover Left is to be believed.
Source: Child Poverty Monitor: 2015 Technical Report, figure 39.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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