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

 


Booming economy will test labour market

If recent economic forecasts of a “rock star” New Zealand economy are correct then New Zealand workers should expect pay rises of at least four per cent this year if the labour market is working fairly, Labour’s spokesperson on Labour Issues Andrew Little says.

“Some business commentators have predicted an economic boom driven by the Canterbury rebuild, on-going high dairy industry returns and improvements in export markets around the world.

“But a survey released by Westpac today suggests less confidence amongst workers, however, with many feeling less job security and fewer expecting a pay rise.

"The economy isn't just investors and business owners, it is working people too - whether they are on a wage or salary or a contract fee - and in a properly functioning economy they should also see decent pay rises and better incomes this year.

"Bill English said this morning as he prepared to travel to the World Economic Forum in Davos that economic benefits had to be shared with workers.

"How nice that the Minister of Finance has had a pang of conscience but he might also wonder how the benefits of economic growth are going to be shared when every bit of employment legislation this government has passed in the last six years has made employment less secure and made it harder to get a pay increase.

"The real test of how fair our labour market rules are is the level of pay increases working New Zealanders will get this year, especially those not under a collective agreement.

"If you look at the drivers of growth and the expectations of the level of growth as well as factors such as interest rate rises predicted from April, then a reasonable level of wage growth will be at least 4 per cent, with higher levels justified in sectors like construction.

"If we don't see this level of wage growth then the labour market isn't working."

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Departure Speech: Governor-General’s State Farewell Luncheon

"...Unfortunately I was unable to get to the Antarctic, the Chatham Islands and the Kermadecs. A dicky heart thwarted our travel to the Antarctic; and even though I volunteered to parachute into the Kermadecs to join the Young Blake expedition, time, commitments and officials frustrated my plans to visit the Kermadecs and Chathams." More>>

ALSO:

New Research: Most Homeless People Working Or Studying

“The cost of housing has been rising without corresponding increases in income, whilst the number of state houses per capita has been in decline. Many low-income people are missing out on housing, whether we recognise them as ‘homeless’ or not. More>>

ALSO:

Post-Traynor: New Offender Info Sharing Plan

“This Bill delivers on that step-change by moving away from name-based records held by individual agencies to a shared, anchor identity based on unalterable information, such as fingerprints and facial recognition. It also gives agencies access to the drivers’ licence photo database and birth, death and marriages information." More>>

  • NZ Law Foundation - New $2M fund for research on information challenges
  • Littoral: New Ship To Deliver Enhanced Naval Capability

    Defence Minister Gerry Brownlee says the Government has approved a Ministry of Defence and New Zealand Defence Force recommendation to request tenders for a new naval ship to support littoral operations. More>>

    July:

    After King's Labour Snub: Māori Party And Kiingitanga To Work Together

    Māori Party Co-leaders Te Ururoa Flavell and Marama Fox met with Kiingitanga representatives in Wellington yesterday to discuss working together on key issues for the betterment of Māori. More>>

    ALSO:

    Waitangi Claim On Rehabilitation: The 'Justus' System For Māori Not Good Enough

    Closing statements at the Waitangi Tribunal case against Corrections called for immediate steps and a comprehensive review to address the high rate of Māori reoffending. More>>

    ALSO:

    Advice: PM Sets Rules For Ministers' Treatment Of Public Servants

    Prime Minister John Key has laid down the law about the way ministers and public servants should interact, saying ministers may not always like the advice they receive, but they must listen to it carefully, respectfully and professionally. More>>

    Gordon Campbell: On The Funding Changes In Special Needs Education, And Uber

    The plan to strip out the educational support for older “special needs” children in order to meet the existing shortfall in funding for special needs in early childhood education is so miserly and relentlessly stupid as to defy belief… More>>

    SPECIAL EDUCATION (& More):

    Online Learning Plans:

    Get More From Scoop

     

    LATEST HEADLINES

     
     
     
     
     
     
     
     
     
    Parliament
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news