Workers living standards in NZ

[Philip Ferguson <plf13@xxxxxxxxxxxxxxxxxxxxxxxx>]

>From a post on the (NZ) Anti-Capitalist Alliance e-group:


The study by the Canadian Centre for the Study of Living Standards
analysed how workers had fared in 16 OECD countries between 1980 and
2001.

It reveals that New Zealand workers suffered a 6.5% fall in their real
hourly earning during the 20 years from 1980 to 2001. That was the worst
performance of the 16 countries in the study.

In fact New Zealand was the only country in the study where workers real
hourly earnings fell.

Workers in every other country had an increase with the Japanese workers
real hourly earnings rising 64%, UK workers earnings went up 46.9%,
Canadian 39.5%, and Australian 28.8%.

The study entitled "An Index of Labour Market Well-being for OECD
countries" analysed official OECD data to produce an index of Labour
Market Well-being. The index measures income returns, equality, and
uncertainties due to job loss, injury and inadequate retirement income.

It shows how badly New Zealand workers were hammered in the 1980s and
90s.

>From 1980 to 2001 New Zealand had the lowest increase in its Labour
Market Well Being Index of the 16 countries studied.  In 2001 New
Zealand had the lowest level of Labour Market Well-Being of the 16
countries studied.


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