Parliament

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

Gordon Campbell: On The Ch-Ch-Changes At IRD

job cuts aren’t happening at the IRD, exactly. Instead, there’s apparently a ‘transformation’ in store, and jobs won’t be axed ; no, they will be ‘transformed’ before our eyes into… non-jobs, if you happen to be among the unlucky legion of 1,900 who are being lined up for transformation, which seems to work rather like a secular version of the Rapture.

Except that at IRD, not even your shoes will be left behind. More>>

 

Christchurch Mental Health: Hospital Too 'Awful' For Reviewers To Visit

Jonathan Coleman has to stop the stalling over a new building for mental health services in Christchurch to replace the quake damaged Princess Margaret Hospital, says Labour’s Health spokesperson David Clark... More>>

ALSO:

Greens Call For Govt Action: Children Sick Because Of NZ Housing

The Royal Australasian College of Physicians president-elect said today that children with preventable respiratory illnesses are being re-admitted to hospital because they're being sent back to cold, damp homes. More>>

ALSO:

Less Tax Cut, More Spending: Labour Launches Fiscal Plan

“Labour will invest $8 billion more in health, $4 billion more in education and $5 billion more for Kiwi families through Working for Families, Best Start and the Winter Energy Payment than the Budget 2017 projections for the forecast period.” More>>

ALSO:

Gordon Campbell: On The Greens’ Room For Political Pragmatism

The Greens here are currently being criticized by the commentariat for not making the same kind of pragmatic choices that sunk the Democrats in Australia. More>>

Gordon Campbell: On Being Humane About Welfare, Child Support, And Tax

It made for an unusual Venn diagram, but Greens co-leader Metiria Turei and Finance Minister Steven Joyce were briefly sharing some common elements this week in the set that says – hey, don’t use the powers of the state in ways guaranteed to make the system you’re trying to defend worse, not better. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election