Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Increase In Minimum Wage Will Deny More New Zealanders Work

Increase In Minimum Wage Will Deny More New Zealanders The Dignity Of Work
Press Release by ACT Leader John Banks
Tuesday, February 26 2013

National’s decision to increase the minimum wage will see more business failures and more jobs lost, ACT Leader John Banks said today.

“At a time when National should be getting out of the way of business, it’s putting greater barriers in place,” Mr Banks said.

“Small businesses make up 97% of all enterprise within New Zealand and account for 40% of our GDP. Most are struggling as they have little to no bargaining power with suppliers and do not have the capacity to absorb on-going cost increases.

“A member survey by Hospitality New Zealand last year found that 48% of hospitality owner/operators paid themselves less than the minimum wage.

“If employers can’t afford to pay themselves the minimum wage, how can they be expected to pay their employees even more?

“The minimum wage increase will impact most on those who can least afford it - low-skilled workers. It will price them out of the market, consigning them to a benefit.

“We have seen this with the abolition of the youth minimum wage: Statistics New Zealand released its December quarterly report which put the youth unemployment rate at 30.9 per cent - the highest rate for at least 30 years.

“Of course we would all like to see employees earn higher wages. But arbitrarily raising the minimum wage via regulation rather than through an increase in productivity will only result in job losses,” Mr Banks said.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Environment Commission: Time For Historic Step For Climate Change

Dr Wright has recommended a new Act that is similar to the UK Climate Change Act...

A similar law in New Zealand would put emissions targets into law, and require the setting of carbon budgets that would act as stepping stones towards the targets. It would also establish a high-powered independent expert group that would crunch the numbers and provide objective advice. More>>

 

Gordon Campbell: On Act, The Centre-Right’s Perennial Ugly Duckling

Act endures, despite its thoroughly fossilized views: it is the only lighthouse still shining the beams of 1980s market fundamentalism out into the electoral darkness. More>>

ALSO:

Immigration: Changes To Temporary Work Visas Confirmed

“The consultation process resulted in around 170 submissions and today’s announcement shows the Government has listened to the feedback raised by employers and industry, particularly in the regions,” Mr Woodhouse says. More>>

ALSO:

Rental WOF Passes 2nd Reading: Little Bill Goes A Long Way

The strong call from the public for warm, dry, healthy rentals has helped the Healthy Homes Guarantee Bill to pass its second reading, says Leader of the Opposition Andrew Little. More>>

ALSO:

Incomes & Housing Costs: No Signs Of Real Improvement For Poorest Families

CPAG: The latest Household Incomes Survey report shows that not everyone is better off, despite that income poverty seems to have lessened since the Global Financial Crisis in 2008. More>>

ALSO:

Turei To Be Interviewed By MSD: Gordon Campbell On The Real Truth Deficit In Welfare

It has been astonishing to see the amount of time and energy being spent on what Greens co-leader Metiria Turei did or didn’t do properly as a beneficiary back in the early 1990s – as compared to how little time and energy is being put into the point of her personal example. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election