So the latest labour market statistics are out … and since the “quality-adjusted wage increase” (what is actually just inflation expectations) exceeded “inflation” (proxied by annual growth in the CPI) I thought people might say something about it.
Now the data is out, its been 30 minutes, and all I see is this and this. Nothing wrong with what they’ve said per see (although it would be nice to point out that the wage increase is for a fixed quality and quantity of worker) – but if they were so keen to make it sound like New Zealander’s were getting poorer before, why not say they are getting richer now. At least be consistent right … 😉
Update: Ahh but this happens everywhere right.