“..Wages dropped and inequality rose to its highest level ever in New Zealand last year – a Ministry of Social Development report shows.
The Household Incomes Report measuring the wellbeing of New Zealanders by their after-tax incomes has revealed a fall in average wages for the first time since the early 1990s.
It shows the gap between rich and poor widened substantially in 2011 – putting inequality at its highest level ever.
Middle and lower class workers saw their incomes fall sharply – while wages rose for high earners.
Incomes for the richest New Zealanders – named as decile 10 earners –
- rose the most sharply…”
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