Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


Wealth gap in New Zealand underlined by updated book

Gap between the rich and the rest in New Zealand underlined by updated book

5 August, 2014

The latest data on poverty and inequality in New Zealand underline the size of the gap between the rich and the rest, according to the updated edition of The Inequality Debate: An Introduction.

Author Max Rashbrooke has updated the book using data released just a few weeks ago by the Ministry of Social Development. Rashbrooke threads this new data into the wider story of the large income gaps that have opened up in New Zealand over the last three decades.

As the book shows, inequality has increased slightly since the global financial crisis, reversing earlier decreases from policies like Working for Families. Since 2009, incomes have been static or falling for people in the poorest half of the country, but increasing for the rich.

But the book also traces the wider New Zealand story of inequality, starting with a huge surge in income gaps in the 1980s and 1990s – the biggest in the developed world – which left the country far more unequal than it was thirty years ago.

Someone in the richest 10 per cent now earns eight times as much as the person in the lowest 10 per cent, whereas in the 1980s they would have earned just 4.5 times as much.

And despite a mixed picture in recent years, New Zealand’s poverty rates remain extremely high – double what they were in the 1980s.

The percentage of all people in poverty was 9 per cent in the mid-1980s; now it’s 18 per cent. The percentage of children in poverty was 11 per cent in the mid-1980s; now it’s 24 per cent.

These concentrations of poverty, along with concentrations of great wealth, are – the book argues – one of the most important issues in 2014. Indeed, opinion polling shows that inequality and poverty are now the single most pressing issue for many New Zealanders.

The Inequality Debate: An Introduction is part of a series of short books published by Bridget Williams Books called ‘BWB Texts’. The book’s chapters were originally drawn from the larger work Inequality: A New Zealand Crisis published last year.

The Inequality Debate is both fascinating and horrifying. So short that you’ve got no excuse, this is the best book you can read if you want to be informed on an issue that will dominate the rhetoric of all major political parties this election year.’ David Williams,Salient

About the author
Max Rashbrooke is a Wellington journalist and author. He has written for national newspapers and magazines in New Zealand and the UK, including the Guardian, the Herald and the Listener.

About BWB Texts
BWB Texts are short books on big subjects. Published as snappy Penguin-style paperbacks and DRM-free e-books, this new series unlocks exciting opportunities for New Zealand non-fiction. Many more BWB Texts are scheduled for release through 2014 and beyond.

Rashbrooke is a contributor to a BWB Text publishing in October that collects New Zealand responses to Thomas Piketty’s bestselling book Capital in the Twenty-First Century.

For more information about BWB Texts please visit our website.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell:
On Pharmac, Gough Whitlam And Sleater-Kinney

Ridiculous reported comments on RNZ this morning by Trade Minister Tim Groser, as he sought to dampen down concerns about the leaked draft of the IP chapter of ther Trans Pacific Partnership negotiations. According to Groser, ‘extreme’ positions are common at the outset of negotiations, and these get whittled down over the course of negotiations. Fine.

Except that we’re not at the outset of these negotiations. The outset was six years ago, and negotiators were hoping to have some sort of ‘framework’ deal finished in time for the APEC meeting in a few weeks’ time. These ‘extreme’ positions are what we’ve reached near the intended end of the negotiations.

Still, Groser did promise that the cost of medicines would not rise as a result of the TPP trade deal. Great. But this is not what politicians in other countries are saying. More>>

.

 
 

Parliament Today:

Aussie Investigation Dropped: Call On Minister McCully To Pursue The Case Of Balibo Five

West Papua Action is deeply concerned at the lack of any clear outcome from the Australian Federal Police inquiry into the 1975 deaths of the ‘Balibo Five’ including NZ journalist Gary Cunningham. More>>

ALSO:

'Feed The Kids' Bill: Metiria Turei To Lead Fight On Feeding Hungry Children

Green Party Co-leader Metiria Turei is urging all political parties to support the Feed the Kids Bill which she inherited today from Mana leader Hone Harawira. More>>

Parliament Today: State Opening Of Parliament

The House sat at 10.30am on Tuesday before MPs were summoned to hear the Speech from the Throne in the Legislative Council Chamber. More>>

ALSO:

Tertiary Education: Students Doing It Tough As Fees Rise Again

The Government is making it increasingly difficult for Kiwis to gain tertiary education as fees continue to rise and access to student support becomes even more restricted, Labour’s Tertiary Education spokesperson Chris Hipkins says. More>>

ALSO:

Housing, Iraq: PM Press Conference – 20 October 2014

Prime Minister John Key met with press today to discuss:
• Housing prices and redevelopment in Auckland
• Discussions with Tony Abbott on the governmental response to ISIS, and New Zealand’s election to the UN Security Council More>>

ALSO:

Labour: Review Team Named, Leadership Campaign Starts

Labour’s New Zealand Council has appointed Bryan Gould as Convenor of its post-General Election Review. He will be joined on the Review Team by Hon Margaret Wilson, Stacey Morrison and Brian Corban.

ALSO:

Roy Morgan Poll: National Slips, Labour Hits Lows

The first New Zealand Roy Morgan Poll since the NZ Election shows National 43.5% (down 3.54% since the September 20 Election). This isn’t unusual, National support has dropped after each of John Key’s Election victories... However, support for the main opposition Labour Party has crashed to 22.5% (down 2.63% and the lowest support for Labour since the 1914 NZ Election as United Labour). More>>

ALSO:

In On First Round: New Zealand Wins Security Council Seat

Prime Minister John Key has welcomed New Zealand securing a place on the United Nations Security Council for the 2015-16 term. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news