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

 


NZ needs a reasoned debate on wages


NZ needs a reasoned debate on wages

The debate on what is a suitable level of minimum wage, or indeed living wage, is a complex one where the needs of small as well as large businesses need to be taken into account says the Motel Association of New Zealand (MANZ).

While a minimum wage is necessary to ensure all kiwis have a decent standard of living, we should be examining carefully how that wage is determined, and who it applies to MANZ Chief Executive Michael Baines says.

“Many small business owners would be lucky to get the minimum wage themselves if calculated on an hourly basis,” Mr Baines says.

“For many small businesses such as motels, cost growth is faster than revenue growth across the board in the current environment. For many motel-owners it’s a simple equation, if wage rates are forced upwards then they cut the hours staff work, and take on more themselves,” Mr Baines says.

“We simply can’t assume that will work for a large corporate will work for a small business with one or two employees.”

New Zealand needs to look at creative solution to the issue, rather than simply taking money from employers to hand it to workers, which may end up harming the small businesses on which the country’s economy relies.


Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Statistics: Dairy And Travel Still Our Largest Export Earners

New Zealand earned $2.3 billion more from exports than we spent on imports during the year ended June 2015... total exports of goods and services were $67.5 billion, while total imports were $65.1 billion. More>>

ALSO:

Approval: Air New Zealand And Air China Launch New Alliance Route

Air New Zealand and Air China have today launched joint sales for a new daily direct service between Auckland and Beijing after receiving approval from New Zealand Minister of Transport Hon Simon Bridges to form a strategic alliance. More>>

ALSO:

Money Trading: FX Trader Jin Yuan Finance Warned Over Lack Of Monitoring

Jin Yuan Finance, an Auckland-based foreign exchange trader, has been warned over its lack of anti-money laundering processes in place in the first public notification by the Department of Internal Affairs. More>>

ALSO:

Auckland Surge, Possible Peak: House Values Accelerate At Fastest Annual Pace In 8 Years

New Zealand residential property values rose at their fastest annual pace in eight years in August, pushed higher by overflowing demand in Auckland, which is showing signs speculators think it has reached its peak, according to Quotable Value. More>>

ALSO:

Cash Money: Reserve Bank Launches New $5 And $10 Banknotes

The $5 and $10 final banknotes were revealed at an event at the Bank in Wellington, and will start to be released from mid-October 2015. More>>

ALSO:

Truck Sales Booted: Commerce Commission Files Charges Against Mobile Trader

The Commerce Commission has filed charges against a mobile trader, or truck shop operator, claiming he obtained money from customers by deception and never intended to supply them with the goods they paid for. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news