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

 

Gordon Campbell: On What John Key Should Be Asking Joe Biden

No doubt, US Vice-President Joe Biden will be updating Prime Minister John Key on the chances of a TPP vote taking place in the ‘ lame duck’ session of Congress that’s held between the November’s election and the inauguration of a new President in January. More>>

ALSO:

Make NZ Make Again: Greens Will Establish A Minister For Manufacturing

The Green Party announced today that it will establish a Minister for Manufacturing in Cabinet, to better represent the interests of manufacturers and ensure they thrive. The Minister will be inside Cabinet and have responsibility for the long-term interests of the manufacturing sector. More>>

ALSO:

Cannabis Party: Treasury Figures On Cost Of Criminalisation

Figures released by Treasury prove the economic viability of The Cannabis Party's policy, while destroying the credibility of police claims about cannabis harms. More>>

ALSO:

Green Party: Investigation Into Mental Health Facilities Shows Disarray

The Health Minister must urgently launch an inquiry into mental health services, after serious issues with the standard of care at mental health and disability facilities around the country were revealed today, the Green Party said. More>>

ALSO:

Apparently He Means 'Years 0-8': Seymour Announces 4th Partnership Schools Application Round

“The continuing growth of this policy reflects the achievement of the eight existing Partnership Schools, and the strong levels of interest educators and community leaders are showing in the Partnership Schools model and what it offers students and their families,” Mr Seymour says. More>>

ALSO:

Trust Directors: Urban Māori Win Case Against Te Ohu Kai Moana

The National Urban Māori Authority (NUMA) and Te Waipareira Trust have succeeded in their claim over a $20 million trust set up for the benefit of urban Māori, meaning all directors of the trust must represent Māori who are not affiliated with an iwi. More>>

New Model: Carbon Tax Could Lower Emissions And Boost Economy

A carbon tax targeting emissions-intensive industries, along with a revamped Emissions Trading Scheme (ETS), could boost economic growth, with the extra tax generated used to cut GST from 15 percent to 12.5 percent. More>>

ALSO:

Budget Docs Release: ACC Sought $158mn In Budget 2016, Got $26.4mn

The Accident Compensation Commission requested an extra $158 million in funding for 2016/17 from the government ahead of Budget 2016, but Treasury instead recommended an interim payment of just $26.4 million be funded to tackle demographic changes, papers published by the government show. More>>

ALSO:

Submissions Sought: Māori Party Joins Opposition Housing Inquiry

People who are homeless, those who were once homeless, those working with the homeless and concerned New Zealanders are being asked to share their experiences and solutions to this growing issue with the Cross-Party Homelessness Inquiry. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news