Scoop has an Ethical Paywall
Moderation Welcomed
BusinessNZ has welcomed the moderate approach to setting the latest rise in the minimum wage.
The Government has signalled a two percent rise in the minimum wage rate, given headwinds currently facing the NZ economy.
BusinessNZ Chief Executive Kirk Hope said the Government’s cautious approach to minimum wage-setting takes into account the inflationary pressures and general economic conditions that businesses are grappling with.
"Minimum wage increases coming too hard and too fast tend to impact very heavily on business, especially if they are unable to pass on their increased costs," Mr Hope said.
"Small businesses in particular will be relieved to see the moderation in this latest rise.
"The significant increases introduced since 2017 have brought the minimum wage very close to the level of the median wage, at significant stress to small businesses."
BusinessNZ’s briefing to the incoming government called for minimum wage-setting to be moderate, stable and predictable.
Business Canterbury: Urges Council To Cut Costs, Not Ambition For City
Wellington Airport: On Track For Net Zero Emissions By 2028
Landcare Research: ANZAC Gall Fly Release Promises Natural Solution To Weed Threat
NZ Anti-Vivisection Society: Auckland Rat Lovers Unite!
University of Canterbury: $1.35 Million Grant To Study Lion-like Jumping Spiders
Federated Farmers: Government Ends War On Farming
