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

 

Employers’ Federation Comment On Minimum Wage

MEDIA RELEASE

Monday 20 December 1999

EMPLOYERS’ FEDERATION COMMENT ON MINIMUM WAGE

“Retaining 20 as the age for the adult minimum wage to apply is a sensible move”, Employers’ Federation Deputy CEO, Anne Knowles said today. “However the Federation still has some concerns regarding raising the rate of the minimum wage”, she said.

This follows the announcement by the new Government that the adult minimum wage will increase from $7 to $7.55 per hour and the youth rate, for those 16 and under 20, from $4.20 to $4.55 per hour.

“It is pleasing that the Government has taken a sensible approach and has not lowered the age at which the adult rate will apply. Lowering the age would only reduce employment prospects for young people seeking to get valuable work experience as they make a start in the workforce.

“The level of the minimum wage is a balance between what society sees as acceptable and creating a greater barrier to the ability of workers with low productivity or low skills to gain employment.

“Increasing the rate in the current economy may not have a direct impact on overall employment due to current tight labour market conditions, but it could have an impact on the employment opportunities of people with few qualifications, skills or experience who are seeking work”, Ms Knowles concluded.

Contact: Anne Knowles, Deputy CEO
Conor English, Manager Corporate Communications
Ph 04 499 4111

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>

ALSO:

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>

ALSO:

Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>

ALSO: