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
3

1 week 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 w ...
Source: FT   Full article at: FT
 

 
Update
2

1 week 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 respondents repo ...
Source: Business Insider   Full article at: Business Insider
 

 

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<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

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