On the day that new NZ laws come into effect that further reduce workers rights, the IMF (yes, this is not a typo – International Monetary Fund – that notorious hotbed of unionism!?) releases a report telling us how important unions are in reducing inequality!!

According to the IMF’s study, “the decline in unionization is strongly associated with the rise of income shares at the top.” The report illustrates that about half the income share gains made by the world’s wealthiest 10 percent are due to the decline in unionization.

The report goes further to suggest that high rates of inequality are “allowing top earners to manipulate the economic and political system.”

Check out Sabine Dewan’s blog about it on the Huffington Post website.