360° Coverage : New Zealand government under fire over minimum wage rise

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New Zealand government under fire over minimum wage rise
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New Zealand government under fire over minimum wage rise

Feb 26 2013, 2:20am CST | by

Wellington, Feb 26 (IANS) The New Zealand government raised the country's minimum wage Tuesday by just 25 NZ cents per hour, a sum critics said was condemning low wage earners to poverty.

Wellington, Feb 26 — The New Zealand government raised the country's minimum wage Tuesday by just 25 NZ cents per hour, a sum critics said was condemning low wage earners to poverty. The minimum...

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1 year ago

New Zealand government under fire over minimum wage rise

Feb 26 2013, 2:20am CST | by

Wellington, Feb 26 (IANS) The New Zealand government raised the country's minimum wage Tuesday by just 25 NZ cents per hour, a sum critics said was condemning low wage earners to poverty.

Wellington, Feb 26 — The New Zealand government raised the country's minimum wage Tuesday by just 25 NZ cents per hour, a sum critics said was condemning low wage earners to poverty.

The minimum wage would rise from 13.50 NZ dollars ($11.26) to 13.75 NZ dollars from April 1, Labour Minister Simon Bridges said in a statement.

"Setting these wage rates represents a careful balance between protecting low paid workers and ensuring jobs are not lost as the economic recovery gains pace," said Bridges.

The move comes as a coalition of opposition political groups, unions, churches and other social organizations are campaigning for a "living wage" of 18.40 NZ dollars an hour, saying it is the minimum to stay out of poverty, reported Xinhua.

The main opposition Labour Party said the government was trying to give the country "a competitive advantage" by holding down wages with the 1.9-percent rise in the minimum wage.

The opposition Green Party claimed CEO pay packets rose by 10 percent last year, further widening the economic divide between the poorest and richest in society.

The New Zealand Council of Trade Unions (CTU) said a significant rise in the minimum wage would keep workers out of poverty and reverse rising income inequalities.

"The evidence from New Zealand and internationally is that it would not increase unemployment," CTU secretary Peter Conway said in a statement.

IANS

Source: IANS

 
Update
4

1 week ago

City defies mayor, raises minimum wage

Aug 18 2014 5:10pm CDT | Source: Fortune

Workers in San Diego will see a higher minimum wage starting in January and will receive five paid sick d ...
Source: Fortune   Full article at: Fortune
 

 
Update
3

5 weeks ago

Businesses flout law on paying interns

Jul 23 2014 12:15am CDT | Source: FT

It is illegal to not pay at least minimum wage to people doing ‘valuable tasks’ but many businesses still insist that interns work for free, ...
Source: FT   Full article at: FT
 

 
Update
2

5 weeks ago

Business Economists Are Sending A Very Clear Warning That Wage Growth Is Happening

Jul 21 2014 11:26am CDT | Source: Business Insider

There has been a recent spike in the percentage of industry economists who said that wages are "rising", according to a new survey from the National Association for Business Economics (NABE). In their 2014 Q2 report, NABE wrote that in the past three months, "43% of respondents' firms raised wages — more than double the share that reported this in July of 2013". Additionally, this is a significant increase from January 2014 — which had 23% of responde ...
Source: Business Insider   Full article at: Business Insider
 

 

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<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
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