More on how bone lazy the New Zealand top 1% is at extracting labour surplus.
The Opposition and other cheerleaders for the left keep telling us how poorly New Zealand is doing.
The overview of the Household Income Trends disproves that. (p 13):
- The graph shows the net improvement at the top of each income decile from HES 2009 to HES 2015. This is from just before the GFC (calendar 2008 on average), through the recession, and then the recovery. The increases were reasonably even across the spectrum at around 8-10% in real terms (8-10% above inflation). The negative impact of the GFC and the associated recession was generally a little greater for lower income households, but the slightly greater gains since for lower income households offset that. . .
- New Zealand’s net gains from HES 2009 to HES 2015 are better overall than for many OECD countries – the negative impact was more muted here and the recovery has been stronger than for many:
- the…
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Utopia, you are standing in it! 
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