The pay of CEOs in our largest listed companies increased at more than four times the rate of the pay of workers last year. And workers’ pay actually went backwards after inflation. Meanwhile, the average CEO has pocketed more than $1,500 a week of tax cuts from National. Meanwhile, the 150 richest New Zealanders saw their wealth increase by 18% in the past year.
This doesn’t just happen. It happens because the CEO’s party is in power and aiding their wealth grab.