Productivity gains need to be coupled with positive employment relations legislation to ensure that working people get their share of a stronger economy, says Labour’s spokesperson on Labour Issues Iain Lees-Galloway.
“The Productivity Commission report released today Who benefits from productivity growth? – The labour income share in New Zealand shows that the proportion of productivity gains going to working people have fallen overall since the 1970s but that sustained growth was achieved between 2002 and 2008.
“In that period, under a Labour Government, working people benefited from a strong economy, improved productivity and the introduction of the Employment Relations Act that put all working people in a better position to bargain for their share of New Zealand’s prosperity.
“The report demonstrates that slashing the rights of working people in the name of improving productivity only helps a few people get richer while everyone else stagnates at best.
“Productivity gains must produce results for everyone including investors, wage and salary earners, small business people and contractors.
“Labour is committed to growing the pie and sharing it fairly,” Iain Lees-Galloway says.