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Workers wages highest for a while. Perhaps they haven’t had much for a while.
https://www.stuff.co.nz/business/300663722/workers-get-biggest-pay-rise-in-more-than-20-years-stats-nz-says
Workers have experienced their biggest annual pay increase since records began.
Stats NZ data for the June quarter shows a big increase across the workforce, but particularly for women – driven in part by them working longer hours.
(An increase in wages? I thought that was the same as a rise in wage rates but there are so many facets to every statement!)
Median weekly earnings from salaries and wages increased 8.8% in the year to the June quarter.
It was the biggest annual increase since the Stats NZ series began in 1998.,,
Over the year to the June 2022 quarter, the number of full-time wage and salary earners increased by 102,300, or 5.9%, while the number of part-time earners decreased by 38,200 or a drop of 7.9%.
The increase in full-time workers was made up of both women and men but the drop in part-time workers was primarily due to women.
(Part-time earners are probably just as needy for their smaller pay packets as full-time.)
But in real terms, workers are still well behind. 38 years of inflation and then wage increases and then depreciation of the NZD over that time.