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

 

Overseas Investment: Auditor-General To Examine OIO

The Auditor-General is to examine how the Overseas Investment Office collects and manages information following a request from the parliament's finance and expenditure committee. More>>

ALSO:

Gordon Campbell: On Bill English Living In Denial

The working poor have been a direct byproduct of the economic policies in vogue for the past 30 years or more, all over the Western world... That anger was evident in the Brexit vote, and it underlies the support for Donald Trump in the United States. More>>

ALSO:

Final Reading Of Parental Leave Bill: Families With New Babies Victims Of Veto

“For the first time ever, a Bill will have a third reading debate and no vote will be taken at the end because the National Government has used its veto – an extreme measure against families,” says the Bill’s sponsor, Labour MP Sue Moroney. More>>

ALSO:

Water, Pests, Erosion...: Commissioner Releases Mixed Report Card On Environment

The Parliamentary Commissioner for the Environment has released a mixed report card in her assessment of the state of New Zealand’s environment. “We are lucky to live in an exceptionally beautiful country, but we have some big issues to face up to” said Dr Jan Wright. More>>

ALSO:

Education: Private Schools Beneficiaries Of Extra Cash

“Not only did this year’s Budget freeze operational funding for state schools, but 86 per cent of secondary school principals say they don’t get enough funding, and the demand for school donations from parents is rising at 10 times the rate of inflation... Now we’ve got Hekia Parata proposing more cash for private schools." More>>

ALSO:

Shop Hours Bill Second Reading: Government Blocks Easter Trading Petition

The union representing retail workers is warning that the Government is out of touch with working people after passing the second reading of the Shop Trading Hours Amendment Bill, a law handing local authorities the power to permit trading on Easter Sunday. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news