Best defence of Employment Contracts Act is a @FairnessNZ graphic

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Source: Low Wage Economy | New Zealand Council of Trade Unions – Te Kauae Kaimahi, with extra annotations by this blogger.

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One thought on “Best defence of Employment Contracts Act is a @FairnessNZ graphic

  1. Nick Johnson

    Thanks for your post and graph. I would be interested to see figures for the rate of profit under more and less egalitarian regimes in New Zealand. If the rate of profit drives investment, and from there growth in output and productivity, then if profits are too low, then a period of wage stagnation would be necessary to restore them to some level which ultimately leads to rising investment and growth. But this does not necessarily say anything about the necessity or otherwise for rising inequality in promoting growth, or the famous ‘trickle-down’ effect.

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