Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

No Xmas Cheer For Unemployed From Minimum Wage

14 December 2000

No Christmas Cheer For Unemployed From Minimum Wage Changes

Employers' Federation chief executive Anne Knowles says today's changes are good news for those on the minimum wage, but will bring little cheer for the unemployed.

Ms Knowles says research shows that increasing the minimum wage leads to higher unemployment, and makes it harder for the unemployed to get a foot on the employment ladder.

'While the minimum wage changes were no doubt made with the best of intentions, unfortunately all they do is price low-skilled workers out of
the market. We live in a competitive marketplace, and lifting minimum wages without regard to productivity only makes New Zealand employers less competitive, and less able to offer employment.

"All New Zealanders would want to protect the interests of those currently on the minimum wage, but that should not be done at the expense of the unemployed.

"There are other ways* of protecting employee income levels that do not involve the high human costs of the minimum wage," Ms Knowles said.

Ends

Contact Anne Knowles 04 4994111, 021 425868 Kathryn Asare 021 555 744

*More information can be found under 'submissions' on the Employers Federation website www.nzef.org.nz




© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

OECD On NZ: NZ's Living Standards Framework Positive But Has Gaps

Treasury’s living standards framework reflects good practice internationally but has some data gaps, including in areas where New Zealand fares poorly, the Organisation for Economic Cooperation and Development says. More>>

ALSO:

RBNZ Act Review: Govt Plans Deposit Guarantee Scheme

The Coalition Government today announced moves to make New Zealand’s banking system safer for customers through a new deposit protection regime, and work to strengthen accountability for banks’ actions. More>>

ALSO:

Conduct Review Response: Banks Commit To Removing Sales Incentives

The FMA and Reserve Bank of New Zealand said today that all banks had committed to remove sales incentives from frontline staff and their managers. More>>

Consumer Report: Insurance Market Complaints And Uncertainty

Consumers are paying more than ever for insurance but they’re not getting a fair deal, Consumer NZ’s latest report on the industry shows. More>>

ALSO:

Workers “Blind-Sided”: Sanford Processing Restructure Plan

Up to 30 jobs – almost half Sanford’s Bluff workforce - could be lost if the proposal to move white-fish processing to Timaru goes ahead. More>>