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

 

Spy Update: Appointment Of GCSB Acting Director

GCSB Chief Legal Advisor Lisa Fong will become the Acting Director of the Government Communications Security Bureau (GCSB) from 15 February 2016, Minister Responsible for the GCSB Christopher Finlayson announced today. More>>

Protests Close Roads: TPP Signed In Auckland

“TPP was signed by Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Viet Nam.” More>>

ALSO:

Emails Behind 'Diplomatic Immunity' Case: Whitehead Report Released

“As previously indicated the conclusions reached by Mr Whitehead’s investigation are not unexpected but they are very disappointing,” Mr Mccully says. “At the heart of the matter is a single email, along with procedural shortcomings, which gave Malaysian officials the impression it would be acceptable for Mr Rizalman to return to Malaysia." More>>

ALSO:

Gordon Campbell: On The Treaty/TPP Overlap, And Iowa

The fears about the ISDS provisions in the Trans Pacific Partnership deal are well-founded. The reality is that there is a sharp uptick in the occurrence of ISDS litigation in developed countries, and even the right wing likes of The Economist have been souring on the process for some time. More>>

ALSO:

Christchurch Red Zone Offers: Fresh High Court Proceedings

Grant Cameron, Solicitor for the Quake Outcasts said “the action seeks judicial review of the Crown’s recent decision to make a fresh offer to purchase properties from uninsured property owners in red zones. More>>

ALSO:

PM's Post-Cabinet Press Conference: Waitangi And TPP

Prime Minister John Key on Tuesday said his office has received an invitation for him to visit the Lower Marae on Waitangi Day, but was waiting for a meeting of the Te Tii Marae Trustees. More>>

ALSO:

Flagged: 'Wrong Colour' Bridge Flag To Change

NZ First: Only 13 days after National trumpeted its legally questionable flag on Auckland Harbour Bridge, it is now coming down because it is the wrong colour... “Mr Key’s latest flag fiasco is another waste of taxpayers' money. Given it is coming down, down is exactly the location where it should remain. More>>

ALSO:

School's In: Children Head Back To School

“Across the whole of this year we expect 61,820 five year olds will begin their primary schooling for the first time,” says the Ministry of Education head of sector enablement and support Katrina Casey. More>>

ALSO:

Dog & Lemon: FBI Disagrees With NZ Government Over Police Chases

Multiple studies, quoted by the FBI, show that once suspects realise they're no longer being chased; they tend to slow down to normal driving speeds and therefore become far less of a risk. The FBI report also categorically rejected the argument that abandoning police chases meant ‘giving in’ to offenders. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news