Business wants minimum wage explanation

Business wants minimum wage explanation
(Image: Getty)
Rebecca Howard
The business sector wants a better model for determining minimum wage increases after prime minister Chris Hipkins announced the biggest annual lift in decades. “There is no set methodology, so the decision is always a compromise between economic analysis and political perspective,” said Paul Mackay, manager of employment relations policy at Business New Zealand.“We have argued for a while that we need a predictive model that would allow business to plan at least a couple of years ahead. No joy to date.”Last week, H...

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