Kiwi workers go backwards, as NZ’s real wage growth is the worst in the OECD
New data from the OECD indicates that New Zealand has experienced the most severe decline in real wages among 37 member countries over the past five years. The government and opposition are currently debating the causes, including the impact of previous inflation and current economic policy.
Why it matters
The decline in real wages reflects a significant cost-of-living crisis affecting the standard of living for the average worker.
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The article presents data from an international organization while including quotes from both the current government and references to the previous administration.
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