Real wages and productivity in New Zealand
A paper by compiled by Bill Rosenberg, New Zealand Council of Trade Unions investigates the empirical relationship between real wages and labour productivity in New Zealand. . . . .
In real terms, increases in the average wage and in the Compensation of Employees measure fall well behind increasing labour productivity. An analytical (non-official) series of the LCI measures tracks productivity very closely whereas the published LCI is essentially flat or falling when deflated. Read more (pdf 202kb)
