Minimum wage needs moderation
BusinessNZ says today’s increase in the minimum wage is
larger than normal and raises questions about whether some
businesses will be able to cope.
Executive Kirk Hope said some smaller businesses and
businesses in the regions might have difficulty affording
the increase given unchanged trading conditions.
new or younger employees might find fewer opportunities for
employment and small businesses could have difficulties
maintaining current staffing levels given resultant tighter
"The minimum wage process needs to be
more moderately managed to protect businesses and jobs," Mr
© Scoop Media
Gordon Campbell: On Chilling The Warm Fuzzies About The US/China Trade Deal
Hold the champagne, folks. This week’s China/US deal is more about a change in tone between the world’s two biggest economies – thank goodness they’re not slapping more tariffs on each other! - than a landmark change in substance. The high walls of US and Chinese tariffs built in recent years will largely remain intact, and few economists are predicting the deal will significantly boost the growth prospects for a slowing US economy. As the New York Times noted this morning, the likes of New Zealand will still face the trade barriers imposed by the Trump administration during the recent rounds of fighting. More>>