NZ below average for incomes

The OECD has released its rankings of average incomes for OECD countries, plus a few others. They are adjusted to take account of relative purchasing power which is the most meaningful comparison.

As the NZ Herald reports, NZ remains in the bottom half and Australian incomes are 28% higher in terms of purchasing power.

Looking at the actual OECD summary, I note that apart from being bottom half of the OECD, we’re also below Israel despite all the challenges they face, and their small population.