Scoop has an Ethical Paywall
Reserve Bank Governor ‘out of order’
June 8, 2006
Media Release
Reserve Bank Governor ‘out of order’
Reserve Bank Governor Alan Bollard is out of order in calling for wage restraint to control inflation, says the country’s largest union.
Engineering, Printing and Manufacturing Union national secretary Andrew Little said that workers would not accept low wage rises while companies continued to enjoy healthy profits.
“Most New Zealand companies are highly profitable, as they have been for more than five years,” he said.
“Why should working families see their real incomes eroded while company shareholders continue to reap large dividends?
“Asking workers to curb their wage expectations to control inflation is as realistic as asking shareholders to curb their profit expectations to control inflation.”
Ends
Spark: New Report Sets Out Outcomes-Led Approach To Lift Rural Connectivity Using The Right Mix Of Technologies
Bill Bennett: Fixed Voice Rules Head For Deregulation
UN Department of Global Communications: United Nations Proposes New Global Dashboard To Measure Progress Beyond GDP
Banking Ombudsman Scheme: Fraud Check Delays Well Worth The Inconvenience, Says Banking Ombudsman
Asia Pacific AML: NZ’s Financial Crime Gap - Beyond The 'Number 8 Wire' Mentality
Westpac New Zealand: Kiwi Households Adapting Despite Widespread Cost Pressure Concerns, Westpac Survey Shows
