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

 


Wellington Businesses Support Min Wage Increase

NZCTU MEDIA RELEASE
27 February 2006


Wellington Businesses Support for Min Wage Increase Reflects Wider Society says CTU


"The high level of support expressed by Wellington businesses for an increase to the minimum wage reinforces our view on the growing levels of community support for ending low wages in this country," said Ross Wilson, Council of Trade Unions President.

He was responding to a survey, published this morning in the Dominion Post, that showed a significant level of business support for raising the minimum wage to $12 an hour, and a low level of concern on the impact on businesses if youth minimum rates were abolished.

"A low wage economy is not in anyone's interests, including business," said Ross Wilson. "New Zealand needs to be moving to a high value economy, and the way to make that transition is not through a low minimum wage and low investment in skills development and capital - the strategy that failed us in the 1990s."

"Today's findings concur with New Zealand's recent experience of increasing the youth minimum wage - which has shown no negative impact on the employment opportunities of young people."

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news