New Zealand wage growth 'worst in the world' - OECD report
A new OECD report indicates that New Zealand has experienced the worst real wage growth among all OECD countries over the past five years. While economists suggest the data measurement method may be flawed, the findings highlight a significant cost-of-living crisis.
Why it matters
The report underscores the economic challenges facing New Zealand households and the broader impact of global inflation on wage purchasing power.
New Zealanders have had some of the worst wage growth in the world in recent years, when adjusted for inflation.
The article reports on international data while including expert context regarding the limitations of the metrics used.
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