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Racing To The Bottom, Or Chasing Our Tails? Always Playing Catch-Up: Throughout the 1970s, the purchasing power of the ordinary worker’s pay packet – the only meaningful measure of his or her wealth – was being eaten away every passing year by seemingly inexorable rises in the cost-of-living. Small wonder that New Zealand (and the rest of Author: Chris Trotter. The paper looks at data for 135 countries over 18 years (annoyingly, only up to 2002). It focuses on measures of labour rights: such as whether workers can bargain collectively, the right to Author: C.W. | LONDON.