Govt: $18.40 minimum wage would cost 26,000 jobs 27 Feb 2013
- Strong economic recovery in New Zealand reignites need for skilled workers from UK Recruitment
- Melissa Taylor Registered nurse from San Diego enjoys her job by the beach Migration
- The Turning of the Tide Recruitment
- Avoid the tug-of-war: hot issues for 2008 Recruitment
- The year of the executive contractor? Recruitment
- Solid growth in UK recruitment Recruitment
- Call to change system to solve IT shortage Migration
- Short on skills, long on lifestyle Recruitment
The Government says a minimum wage of $18.40 would cost 26,000 jobs.
During question time Prime Minister John Key was asked about the new minimum wage of $13.75 and calls for a living wage of $18.40 in Parliament today.
He had to leave Parliament without answering, but tasked labour affairs minister Simon Bridges with responding on his behalf.
Mr Bridges would not say if the new minimum wage of $13.75 was enough for families to live on.
He said there was a range of packages available for people on low wages and New Zealand's minimum wage was one of the highest in the developed world.
Labour's spokeswoman on labour issues Darien Fenton asked why, if $13.75 was sufficient, two out of five children living in poverty came from families in work.
Mr Bridges said having a job was better than not having one.
"We are very conscious, unlike the other party, which does not seem to understand economic fundamentals, that the higher we raise the minimum wage, the more people are put out of jobs - 7000 under your policy," Mr Bridges replied.
Mr Bridges yesterday announced a 25 cents increase to the minimum wage. Labour has called for $15 an hour and the Maori Party $16.
Mr Key had previously rejected a movement to introduce a voluntary living wage of $18.40 an hour. On his behalf, Mr Bridges said that would cost 26,000 jobs.
He said such an increase was simplistic for two reasons - "because the Family Centre's living wage of $18.40 an hour is calculated on the basis of a two-adult, two-child family, whereas a lot of low-income earners are in different circumstance.
"The second reason is that it assumes that paying much higher wages is costless, when it is not - it costs jobs."
Maori Party MP Te Ururoa Flavell said income inequality had widened in 30 years and increasing the minimum wage would be a significant step in reversing that trend.
Source NZ Herald
16 Aug 2016 News
New Zealand Government Hon Todd McClayMinister of Trade 16 August 2016 Media Statement NZ exporters to UK asked about Brexit... more
15 Aug 2016 News
New Zealand Government Hon Dr Nick Smith Minister for the Environment 15 August 2016 Auckland Council’s passing of... more
11 Aug 2016 Business News
Article - BusinessDesk ANZ, Westpac limit mortgage rate cuts, but Kiwibank goes all in By Edwin Mitson Aug. 11 (BusinessDesk) - Two... more
11 Aug 2016 Business News
Article - BusinessDesk Thursday 11 August 2016 10:06 AM RBNZ's Wheeler juggles strong kiwi, tepid inflation expectations in future... more
18 Jul 2016 Lifestyle
The Outlook for Someday Young New Zealanders Making Films For Good What does sustainability mean to you? Since 2007 The Outlook for... more
3 Aug 2016 Property
Wednesday 03 August 2016 10:30 AM Auckland house prices are stabilising, may have plateaued, Barfoot says Aug. 3 (BusinessDesk) -... more
2 Aug 2016 Property
Article - BusinessDesk NZ home values rise at fastest quarterly pace in 12 years By Tina Morrison Aug. 2 (BusinessDesk) - New... more
30 Mar 2016 Migration
British High Commissioner Jonathan Sinclair is defending changes to skilled migrant rules for Britain but suggests they won't affect... more
10 Aug 2016 Travel & Tourism
Article - BusinessDesk Wednesday 10 August 2016 12:19 PM Aug. 10 (BusinessDesk) - New Zealand accommodation providers had their... more
16 Aug 2016 Rugby
The All Blacks squad to travel to Sydney for the opening Bledisloe Cup match of the Investec Rugby Championship is listed below.Prop... more
16 Aug 2016 Sailing
Tuesday 16 August 2016Tuke and Burling go further aheadOnly the 49ers got out on the Olympic sailing course today. Initially there was... more
11 Aug 2016 Opinion
Column - Gordon Campbell Gordon Campbell on the Impotence of the Reserve Bank First published on Werewolf more
3 Aug 2016 Opinion
Column - Gordon Campbell Gordon Campbell on the Bain compensation case First published on Werewolf more
12 Aug 2016 Appointments
New Zealand Government Hon Hekia ParataMinister of Education 12 August 2016 Appointments to New Zealand National Commission for... more
10 Aug 2016 Appointments
Rugby League World Cup Wednesday 10 August 2016 Respected and experienced Rugby League administrator, Andrew Hill, has been appointed... more
3 Aug 2016 Recruitment
New Zealand Government Hon Steven Joyce Minister for Tertiary Education, Skills and Employment 3 August 2016 Jobs growth continues... more
3 Aug 2016 State of the Market Report
Wednesday 03 August 2016 11:57 AM NZ private sector wage inflation misses expectations in June quarter Aug. 3 (BusinessDesk) - New... more