Almost exactly 31 years ago in this Chamber—and it's here in the Hansard from 1991—we were told in the debate on the Employment Contracts Act that a highly deregulated market and the end of sector-based bargaining would improve New Zealand's labour productivity. It did not. We were told that the wealth would trickle down. It did not. We were told that workers would not see their living standards reduced, but for many of them, they did. 