Hon MICHAEL WOOD: Yes, thank you, Mr Speaker—the Rt Hon Jim Bolger, who produced, along with a range of others, a Fair Pay Agreement Working Group report, which shows that while New Zealand has experienced economic growth and productivity growth over the last 30 years, the share of that going to people—working people—has declined over that period. This is the graph reproduced from that working group report. That is the fundamental problem that we are trying to resolve. After 30 years of a trickle-down model that has failed to deliver for working people and that has not produced the improved productivity performance that was promised, we say that it's time for a new approach. It's time to stop the race to the bottom.