Minimum wage to rise to $20/hr from April

Minimum wage to rise to $20/hr from April
Paul McBeth
The government has confirmed the latest hike to the minimum wage with an increase from $18.90 to $20 an hour next April.Labour campaigned on implementing a $20 minimum wage in 2017 and today’s announcement ticks off that commitment in the originally flagged timeframe. When Labour took office with NZ First and the Greens in 2017, the minimum wage was $15.75 an hour.Workplace Relations and Safety Minister Michael Wood said the hike will affect about 175,000 workers, or roughly 6.4 percent of the 2.7 million people employed in the September...

More Economy

NZ's directors see better days ahead
Economy

NZ's directors see better days ahead

Board directors are looking to Companies Act reform on their legal liabilities.

Greg Hurrell 22 Nov 2024
Govt’s arms flailing, with little cohesive direction
Economy

Ganesh Nana: Govt’s arms flailing, with little cohesive direction

A tight-fisted Government is hobbling its own ambitions. 

Ganesh Nana 22 Nov 2024
It’s time for a national conversation on productivity
Economy

Cameron Bagrie: It’s time for a national conversation on productivity

Bold action needed as a further downgrade to Treasury's forecasts looks likely.

Cameron Bagrie 22 Nov 2024
Treasury expects to downgrade forecasts
Economy

Treasury expects to downgrade forecasts

Per capita GDP has fallen 4.6% since the September quarter of 2022.

Rebecca Howard 21 Nov 2024