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

 


Wages go backwards under National

5 February 2014

Wages go backwards under National

New data released today shows that salaries and wages are not keeping up with the rising cost of living, the Green Party said today.

Statistics New Zealand today released its Quarterly Labour Cost Index showing how salaries and wages have changed over time. Since March 2009, all salaries and wages increased by 7.3 percent while the Consumer Price Index increased by 9.2 percent. Another way to compare the data – from the December 2008 to December 2013 quarter – shows a similar trend; salaries and wages increased by 9.3 percent while the Consumer Price Index increased by 10.8 percent.

“Wages and salaries are going backwards in real terms under National leaving people worse off,” said Green Party Co-leader Dr Russel Norman.

“Today’s numbers confirm what most people have been feeling for years – their pay is not keeping up with the rising cost of living.

“Households are getting squeezed from five years of National’s economic management.

“With interest rates set to start rising next month, all families with a mortgage are about to be squeezed even further.

“The forecast one percent hike in the OCR this year will raise the average homeowner’s mortgage payment by $70 a fortnight.

“If this is the ‘sweet spot’ under National, it’s turning out sour for most Kiwis.

“It’s time to call National’s signature economic strategy of asset sales and risky oil drilling a failure. We should be investing, instead, in jobs-rich sectors with proven success records like hi-tech manufacturing, adding value to our forestry exports, and IT.

“National has materially failed to grow jobs and wages, and failed to protect households from rising house and power prices,” said Dr Norman.

More information: Statistics New Zealand Labour Cost Index

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Family Violence: Increasing Reporting But Fewer Resolutions

“We are aware the Police have embarked on a significant programme of change in how they respond to family violence. The data suggests that adequate resourcing including investing in staff training, support and culture change will be required for this to be effective.” More>>

ALSO:

Health: NZ Children Still Suffer Rickets From Lack Of Vitamin D

Vitamin D deficiency continues to cause rickets in young New Zealanders, new University of Otago research has found. The researchers say that their finding suggests that at-risk mothers and children should be better targeted for Vitamin D supplementation. More>>

Also GPs, Housing, Milk: PM Press Conference On The UN Security Council

In a press conference today the Prime Minister discussed the upcoming appointment of New Zealand to chair the UN Security Council. He said they would put pressure Asad in Syria and attempt to “jump start” negotiations between Israel and Palestine. More>>

ALSO:

Housing: State Houses Could Sell To Overseas Groups

Bill English’s admission that he would sell hundreds of New Zealand’s state houses to the Australians is the latest lurch in the Government’s stumbling, half-baked housing policy, Labour’s housing spokesperson Phil Twyford says. More>>

ALSO:

AND:

Gordon Campbell: On Climate Change Protest, And Iraq Training

For sheer style, humour and content fit for purpose, it would be hard to beat the Greenpeace protest at Parliament. The fact that the hanging of functioning solar panels from Parliament Buildings caused such spluttering outrage among fogeys old (David Carter) and young (David Seymour) added a Monty Python level of amusement to the whole event. More>>

ALSO:

Speech: Bill English Explains NZ Government To Australia

Here I am part of a successful government, now into its third term and hopefully with more to come. I want to offer some thoughts tonight about the business of government, from a centre-right perspective. More>>

Gordon Campbell: On Iraq Training

The IS control of the countryside in the likes of Anbar province is one reason why the training mission that New Zealand, Australia and the US have invested so much money and political capital is foundering so badly. More>>

ALSO:

NYC Penthouse: Lavish MFAT Apartment Confirms Culture Of Extravagance

At the same time thousands of New Zealanders are being locked out of the property market, the Government is spending up on a lavish New York penthouse for its diplomats, Labour’s Foreign Affairs spokesperson David Shearer says. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news