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

 

Employers should take lead from DHBs

Employers should take lead from DHBs

“The recent 40% pay increase over three years for hospital service workers sets a benchmark for other employers of low paid New Zealand workers” said Peter Malcolm spokesperson for “Closing the Gap” the Income Equality Aotearoa NZ Inc

“New Zealand has had a culture of too many workers on very low wages at a time the economy is doing well. We need to see the rewards of a strong economy spread across the workforce and not just rewarding the already well off” he said.

Mr Malcolm said there is a great deal of data now being published by internationally respected economists that indicates the best base for a growing economy is to have increases in incomes more evenly spread rather than concentrated around the already well paid. This is because the lower paid will spend their newly acquired income to the benefit of local economic activity rather than spending on overseas holidays or investing in property.

It was this strategy that turned Singapore from a post war third world country to one of the strongest economies in Asia. Government policy explicitly aimed to move away from a country relying on cheap wages to the present highly skilled and well paid workforce that characterises Singapore today.

If there was ever a time to make the same move in New Zealand it is now at a time of full employment. New Zealand has very low levels of productivity by international standards and many businesses will need to rise to the challenge of becoming more efficient and productive and passing at least some of these gains back to workers.

“The argument that increasing wages will increase unemployment is negative and reactionary. Business owners should now work to bring productivity and wages to internationally competitive levels” he said.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Budget Policy Statement: 'Wellbeing Of NZers At The Heart Of Budget Priorities'

“We want a wellbeing focus to drive the decisions we make about Government policies and Budget initiatives. This means looking beyond traditional measures - such as GDP - to a wider set of indicators of success,” Grant Robertson said. More>>

ALSO:

Short Of 2017 Record: Insurers Pay $226m Over Extreme Weather

Insurers have spent more than $226 million this year helping customers recover from extreme weather, according to data from the Insurance Council of NZ (ICNZ). More>>

Environment Commissioner: Transparent Overseer Needed To Regulate Water Quality

Overseer was originally developed as a farm management tool to calculate nutrient loss but is increasingly being used by councils in regulation... “Confidence in Overseer can only be improved by opening up its workings to greater scrutiny.” More>>

ALSO:

Deal Now Reached: Air NZ Workers Vote To Strike

Last week union members voted overwhelmingly in favour of industrial action in response to the company’s low offer and requests for cuts to sick leave and overtime. More>>

ALSO: