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Will Reserve Bank Governor Join Forces With CTU

Will The Reserve Bank Governor Join Forces With The CTU on Wages?

“We look forward to the Reserve Bank Governor joining our strategy for wage increases as an essential part of economic development,” Council of Trade Unions president Ross Wilson said today.

The Reserve Bank’s wage bill was reported today to have increased by up to 15 per cent in the last year.

“The CTU said earlier in the year that the Reserve Bank’s calls for wage restraint were wrong. There is no evidence of wages causing significant inflationary pressures, when compared with much higher increases in petrol and house prices.”

“We think wages need to move for all workers, alongside a programme for economic growth, and greater investment in skills and training.”

Ends.

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