there’s an interesting thread developing in the mainstream media. commentors taking usually contradictory stances are in agreement that the workers in nz are way overdue for a payout on the economic boom times.
the formula is really quite simple.
profits are up (company tax up 18% in just the last quarter)
wages are low (25% below australia)
executive pay increases continue to skyrocket.
since the self emasculation of the union movement in the face of rogernomics, (for the opposite story see how the aussie unions said “no, you’re not”), wage increases have barely kept pace with inflation, or fallen behind.
it’s way past the time this was put right