This morning’s Dominion Post contains a small item buried on page 10 of section c which shows continued stagnation of wage growth compared to profit growth. This has been going on for 8 years.
It’s not sustainable. Healthy economies need healthy income flows distributed across the population in order to allow universal participation.
A continuation of the status quo is not an option if we want a healthy and hopefull New Zealand in the future.
Congratulations to the Dominion Post for reporting this story but perhaps it deserved more prominence?
A lot has happened since July, but for this is how things stood at the end of July with Labour’s low polling leading to the demise of Andrew Little, and then in early August the Greens’ poll drop leading to the demise of Metiria Turei. Never let it be said polls don’t have a real…
via Public Polls July 2017 — Kiwiblog
Healthy competition is an integral part of a market based economy. Most countries therefore have a strong legal and regulatory framework to promote fair competition. This article by Dr John Small raises doubts about whether NZ has such a framework. http://small-torque.blogspot.co.nz/2017/07/competition-update-no-we-still-dont-care.html?m=1
Given that NZ milk is cheaper to buy in the UK than in Johnsonville perhaps our competition framework needs an overhaul.
Canada has the best reputation of any of the 55 countries included in a 2017 ranking of the world’s most reputable countries. Over the course of the past six years, Canada has finished in first place four times and in second place twice, last year to Sweden and in 2014 to Switzerland. The United States…
via Canada Tops Country Reputation Rankings; US Finishes 38th — 24/7 Wall St.
According to a report just published by Kiwiblog trust in American institutions is declining. http://www.kiwiblog.co.nz/2017/07/us_trust_in_institutions.html
After Donald Trump became President-elect of the United States in a surprise outcome—largely accounted to the strong support he received from white working-class voters (winning two of every three white voters with no college education, according to exit polls)—TIME spoke with J.D. Vance, author of Hillbilly Elegy, a memoir and analysis of the social group’s…
via J.D. Vance: Why Elites Didn’t See the White Working Class Coming — TIME
I don’t always agree with her policies but to give credit where its due she ran a determined and energetic campaign. In defeat she demonstrated real class. The last part of her concession speech read as follows:
“I still believe as deeply as I ever have that if we stand together and work together with respect for our differences, strength in our convictions and love for this nation, our best days are still ahead of us.
Because, you know, I believe we are stronger together and we will go forward together. And you should never ever regret fighting for that.
Scripture tells us: Let us not grow weary in doing good, for in due season we shall reap if we do not lose heart.
So my friends, let us have faith in each other. Let us not grow weary. Let us not lose heart. For there are more seasons to come and there is more work to do.
I am incredibly honoured and grateful to have had this chance to represent all of you in this consequential election. May God bless you and may God bless the United states of America.” – Hillary Clinton (2016)