Surprise! Inequality is irrelevant to growth
An OECD report lit up Labour leader Andrew Little and Green Party co-leader Russel Norman.
The Fairfax headline screamed, “NZ economy hard hit by inequality, OECD.” The accusation: “New Zealand’s economy should have grown by nearly 44% between 1990 and 2010 but a widening gap between the haves and have-nots saw it grow by only 28%.”
Inequality costing billions! “Trickle down” failed!
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Surprise! Inequality is irrelevant to growth
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