Minimum Wage Increase May Cost Jobs, Bradford
Tuesday, 21 December 1999, 8:55 am
Press Release: New Zealand National Party
The Government's decision to increase the minimum wage
may have an impact on the number of jobs being offered to
New Zealanders, National's spokesman on Labour Max Bradford
warned today.
"At least the economy at present is in a
robust enough state, thanks to the policies of the last
Government, to absorb this increase. Nevertheless, it would
be foolish to pretend there will not be fewer jobs as a
result of this decision.
"I am pleased that the Government
has been wise enough to leave the youth rate alone, as
scrapping that would have seen an 80 percent increase in the
hourly cost of employing young New Zealanders, which would
have had a disastrous effect on youth employment.
"The
Alliance's desire to get rid of the youth rate shows how
little they care for young workers. They were happy to
support a measure that would have seen too many young kiwis
out of work.
"Time will tell what effect this minimum
increase will have on employment rates, but if the economy
starts to deteriorate once ACC changes and repeal of the
Employment Contracts Act are passed, the Government may
regret this decision," Mr Bradford said.
ENDS
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