Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Cost of living increase reflects worker sentiment

Media Release: National Distribution Union
Monday July 18, 2011

Cost of living increase reflects worker sentiment

Today’s cost of living statistics reflect what workers have been feeling over the last few months, a union representing low wage workers said today.

The National Distribution Union will tomorrow start a round of 40 member meetings across New Zealand, where members will hear a report that workers in unions are helping to keep up with cost pressures by winning wage increases well above the national average.

“Today’s figures echo what workers are saying at the moment. These cost of living increases are not only last October’s GST rise remaining, but pressure points on food, petrol and other items also,” NDU General Secretary Robert Reid said.

“Unless their wages are keeping up, then it is low wage workers who suffer the most from this cost of living pressure.”

Robert Reid said that the only way for workers to keep up with rising costs was to see increases in their wages, and in this area the contrast between unionised workers and non-union workers was stark.

“Wage and salary rates rose only 1.8 per cent for workers in the past year, but members of our union have usually negotiated increases that better help them meet rising costs.”

“We have been getting settlements of around the 5 per cent figure in major retail chains recently, and similar increases in other sectors like food and beverage manufacturing, infrastructure and textiles.”

“We are having trouble however with some of the major wood processing companies refusing to make offers above 2 per cent, even though there has been some positive turnaround in the pulp and paper and wood processing industries in recent months.”

“Workers not in unions will find their wages are in fact going backwards, as they struggle to keep up with inflation. It is clear that it pays to be in a union,” Robert Reid said.

“It is also absolutely the wrong time for National and Act to be talking about reducing the minimum wage for young workers. The minimum wage needs to go up for all workers to $15 an hour immediately,” he said.

Ends.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Bell Gully: Uncertainty Ahead With New Unconscionable Conduct Legislation

new prohibition against ‘unconscionable conduct’ in trade is one of a number of changes to the Fair Trading Act 1986 that come into force from 16 August 2022. The new prohibition may have wide-ranging implications for many businesses... More>>


Statistics: Food Prices Increase 7.4 Percent Annually
Food prices were 7.4 percent higher in July 2022 compared with July 2021, Stats NZ said today... More>>



REINZ: Market Activity And Prices Continue To Ease, First Home Buyers Start To Return To The Market

New Zealand’s winter property market continues its recent trend, slowing from the pace of sales and price rises of last year — properties stay on the market longer and median prices dip... More>>



Kiwi Group Holdings: Fisher Funds Acquires Kiwi Wealth Business

Kiwi Group Holdings Limited (KGHL) today announced the sale of Kiwi Wealth to Fisher Funds for NZ$310 million... More>>



Retail NZ: Welcomes Return Of Cruise Ships

“Cruise visitors were big spenders in retail prior to COVID-19, and retailers in Auckland will be celebrating the arrival of P&O’s Pacific Explorer this morning... More>>



ASB: Full Year Results: Building Resilience Today And For Our Future

In its 175th year, ASB has reported a cash net profit after tax of $1,418 million for the 12 months to 30 June 2022, an increase of $122 million or 9% on the prior year... More>>