Saturday, August 02, 2014

New Zealand's Inequality

The combined wealth of New Zealand’s Rich-Listers has passed $50 billion, more than doubling the combined wealth of Rich-Listers just a decade ago.

“For the bottom half of New Zealanders inflation-adjusted income has barely grown since the mid-1980s. Workers are normally told that wages will rise with productivity gains, but the productivity of the New Zealand workforce is 50% higher now than it was 20 years ago. Workers have been sold a lie.”  said FIRST Union General Secretary Robert Reid.

John Key, the country’s wealthiest Prime Minister in history, has seen his personal fortune rise by $5 million over the last year.

2 comments:

Bryce said...

New Zealand's Rich-Listers Wealth have grown for the same reason they had the wealth in the first place. That's became they got out and did something.Some people worked very hard.If you ever feed birds or ducks, you will notice that the more bread you throw out, the more animals come running.
Full Credit to John Key if those figures are correct

ajohnstone said...

There is a saying ...If a person claims to have made his or her wealth by hard work...ask who's hard work.

Regards John Key, a prime minister's investment portfolio is placed in what is called a blind trust..an obvious precaution that he does not use his position for personal gain...So your argument falls...He gained 5 million by doing NOTHING at all except being in possession of this wealth!