Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Inequality growing, wealth gap widens

Inequality growing, wealth gap widens

Improving economic performance is not translating into better wage rates and a closing of the income gap, Labour spokesperson on Labour Issues Andrew Little says.

“Wage figures released today show 46 per cent of wage and salary earners didn’t get a pay rise in the last year. That is higher percentage than those who missed out the previous year.

“The annual median increase - the level where half of all earners earn more and half earn less - is the lowest increase in more than 13 years.

“Wage rates are the most important measure of whether the benefits of economic growth are being shared because they relate to the price of labour as agreed between workers and employers. Today’s figures show they are not keeping pace with the cost of living.

“The one thing we expect as a matter of fairness is that as the economy grows, wage rates will rise in real terms.

“When this doesn’t happen, inequality widens and wealth distribution is less fair.

“Today’s figures confirm what we’ve known for a long time: our wage setting processes are broken. Under this Government workers cannot expect to share in the gains of an improving economy.

“In fact everything this Government is doing in industrial relations is making it even harder for workers to get decent pay rises.

“Labour will reverse National’s measures that have made it harder to negotiate a pay rise, and we will look at new measures to ensure growing wealth generation is matched with fair wages,” Andrew Little says.

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Labour's 'Future Of Work': Major Reform Of Careers And Apprenticeships

The next Labour Government will transform careers advice in high schools to ensure every student has a personalised career plan, Leader of the Opposition Andrew Little says. More>>

ALSO:

State Investments Management: Treasury Likes IRD, Not Education Or Corrections

The Inland Revenue Department has scored an 'A' in the first tranche of the Treasury's investor confidence rating for state agencies that manage significant Crown investments and assets, gaining greater autonomy as a result, while the Corrections and Education ministries gained a 'C' rating. More>>

ALSO:

Govt Goal: NZ To Be "Predator Free" By 2050

Prime Minister John Key has today announced the Government has adopted the goal of New Zealand becoming Predator Free by 2050... “That’s why we have adopted this goal. Our ambition is that by 2050 every single part of New Zealand will be completely free of rats, stoats and possums." More>>

ALSO:

Gordon Campbell: On The IOC’s Treatment Of Russian Sport, And Lone Wolf Terrorism

A blanket ban on Russian athletes would also have exposed the IOC to criticism that its treatment of Russia would have been marked contrast to its treatment say, of the track and field team from Kenya – a country about which the IOC has very similar doping concerns. More>>

ALSO:

Sounds Like A Plan: Auckland Council Receives Unitary Plan Recommendations

A key milestone in New Zealand planning history was reached today when the Independent Hearings Panel delivered the reports containing its recommendations on the Proposed Auckland Unitary Plan. More>>

ALSO:

National Park Expansion: Forests And Coast Of Kahurangi Protected

Five parcels of high value land totalling more than 890 hectares have been formally gazetted as part of the National Park. More>>

ALSO:

PPP Go-Ahead: SkyPath Gets Unanimous Support

Auckland’s SkyPath project has been given the go-ahead to be delivered through a public private partnership, after a unanimous decision at today’s Finance and Performance Committee. More>>

ALSO:

Gordon Campbell: On The Reserve Bank, The UN Shortlist, And Trump

Can there really be there any link between the US presidential elections and yesterday’s RBNZ signals on interest rates and the NZ dollar? Well, maybe. And it would be this: the improving US economy is reportedly putting a tailwind behind the US dollar, and rendering the actions of our Reserve Bank virtually irrelevant. More>>

ALSO:

Gordon Campbell: On What John Key Should Be Asking Joe Biden

No doubt, US Vice-President Joe Biden will be updating Prime Minister John Key on the chances of a TPP vote taking place in the ‘ lame duck’ session of Congress that’s held between the November’s election and the inauguration of a new President in January. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news