Susannah Batley

speaker

230 appearances 2 recordings 1 series first heard May 2026 last heard 22 Jul

Susannah Batley’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 1.

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Shared Lunch · "Wealth doesn't come from wages” · 22 Jul 2026 podcast

Yeah, well, I think you said expectations are changing.

And I think when you look at a range of factors that are converging, it's no surprise.

Employees are looking at their pay and saying, actually, while this is important for paying the day-to-day bills, it's just not enough to build long-term wealth.

And in fact, when we look at data over a long period of time, wealth development does not come from wages.

It comes from ownership.

And I think employees are really spotting that and looking at what levers they can pull in order to make sure that they can build wealth over long periods of time.

Yeah, well, a few things.

One is that cost of living has increased substantially.

And when we look over decades, capital markets have produced enormous wealth, but that hasn't necessarily flown through to wages.

So, for example, let's take New Zealand.

Since 1980, the stock market has produced returns of or has increased by almost 40 times, whereas wages have increased around eight times.

So you're seeing a massive divergence between ownership and the returns flown through to owners versus wage earners.

So I think people are looking at that.

And I think a really big factor is property, where you've seen older generations been able to do very well through owning property.

And I think younger generations are rightly seeing that probably those opportunities are not there for them.

So what are other ways that they can participate in the capital markets, in the growth of the economy?

And I think that, you know, this is clearly one of those levers.

And to Andrew's point, that's why we get really excited about this as a mechanism for broad-based ownership, because when it is done right, it can create that genuine win-win.

Employers can benefit from greater retention, greater incentivisation, and really driving that employee-owner mindset.

And for employees,

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