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The wage and price freeze of the early eighties coupled with the removal of financial restrictions and a lack of investment opportunities, led to a speculative bubble on New Zealand's sharemarket, sharemarket crash of 1987, in which New Zealand's sharemarket shed 60% from its 1987 peak, and taking several years to recover.
Between 1982 and 2011, New Zealand's gross domestic product grew by 35%. Almost half of that increase went to a small group who were already the richest in the country. During this period, the average income of the top 10% of earners in New Zealand (those earning more than $72,000) [1] almost doubled going from $56,300 to $100,200. The average ...
Cost of a basic but decent life for a family [1] [2]. A living wage is defined as the minimum income necessary for a worker to meet their basic needs. [3] This is not the same as a subsistence wage, which refers to a biological minimum, or a solidarity wage, which refers to a minimum wage tracking labor productivity.
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Budget 2022, dubbed the Wellbeing Budget 2022, is the New Zealand budget for fiscal year 2022/23, presented to the House of Representatives by Finance Minister, Grant Robertson, on 19 May 2022 as the fifth budget presented by the Sixth Labour Government.
On 12 September, Ardern announced that the teaching of New Zealand history will be made compulsory in all New Zealand primary and secondary schools by 2022. Key topics include the arrival of Māori people , European colonisation, the Treaty of Waitangi , immigration to New Zealand, the country's evolving national identity during the 19th and ...
1 April The minimum wage is increased from $22.70 to $23.15 an hour. [100]Pharmacies become permitted to vaccinate children under the age of five. [101]4 April – The New Zealand Government announces that local councils will have to hold referendums on Māori wards and constituencies.
a New Zealand citizen or permanent resident; a resident of New Zealand at the time they apply; They must also have lived in New Zealand for at least 10 years since they turned 20 with five of those years being since they turned 50. Time spent overseas in certain countries and for certain reasons may be counted for New Zealand Superannuation. [19]