Racial gaps in incomes



Bryan Bruce’s boy’s own memories of pre-neoliberal #NewZealand @Child_PovertyNZ

You really are still fighting the 1990 New Zealand general election election if Max Rashbrooke makes more sense than you on the good old days before the virus of neoliberalism beset New Zealand from 1984 onwards.


Source: Mind the Gap: Why most of us are poor | Stuff.co.nz.

Bryan Bruce in the caption looks upon the New Zealand of the 1960s and 70s as “broadly egalitarian”. Even Max Rashbrooke had to admit that was not so if you were Maori or female.

Maybe 65% of the population of those good old days before the virus of neoliberalism. were missing out on that broadly egalitarian society championed by Bryan Bruce.

As is typical for the embittered left, the reactionary left, gender analysis and the sociology of race is not for their memories of their good old days. New Zealand has the smallest gender wage gap of any of the industrialised countries.

The 20 years of wage stagnation that proceeded the passage of the Employment Contracts Act and the wages boom also goes down the reactionary left memory hole.

That wage stagnation in New Zealand  in the 1970s and early 80s coincided with a decline in the incomes of the top 10%. When their income share started growing again, so did the wages of everybody after 20 years of stagnation. The top 10% in New Zealand managed to restore their income share of the early 1970s and indeed the 1960s. That it is hardly the rich getting richer.

In 1900, 25% died before age 20.

@jacindaardern @NZLabour’s Healthy Homes Bill will raise rents to poor tenants and students


Source:  David Friedman, Chapter 1: What Does Economics Have to Do with Law?

@StatModeling @ryanmcmaken Europe sub-Reddit just can’t handle the truth about how poor they are!?


@berniesanders How America’s middle class is disappearing

Both the proletariat and the middle class are withering away these days thanks to capitalism and freedom.

Source: Charts of the day: Another look at how America’s middle class is disappearing into higher income households – AEI | Carpe Diem Blog » AEIdeas.