Originally Posted by
iceman
From a recent NZ Herald piece :
"From mid-2020, real wages began falling and have done so for eight quarters. Since the Labour Cost Index (LCI) began in 1992, that has never happened before.
By mid-2021, real wages fell below where they were under National. A year later, they have fallen a further 3.7 per cent, so that New Zealand wage and salary earners have experienced a 3.3 per cent cut in their real wages since Ardern has been Prime Minister — the worst five-year change since the series began 30 years ago."
Well done by this clueless and incompetent Government !