Where is all this wage growth coming from?

Where is all this wage growth coming from?
Hospitality workers saw wages rise significantly in the past year. (Image: NZME)
Andy Fyers
If you've noticed that your coffee, restaurant meal or hotel room seems more expensive of late, look no further than the cost of labour for these businesses. The average hourly wage is up by 12% in the past 12 months for workers in the hospitality (accommodation and food industry) – from about $25 an hour to $28 an hour.Before covid-19 closed the border to most migrants, these workers were taking home a more minimum wage-like $22 an hour for their toil.This wage growth can also help explain why the age of your barista is falling....

More Economy

Business gloom offers inflation hope
Economy

Business gloom offers inflation hope

The New Zealand Institute of Economic Research’s (NZIER) Quarterly Survey of Business Opinion shows a continued deterioration in business confidence in the second quarter.A net 35% of firms expected a deterioration in the general economic outlook over the coming months on a seaso...

Staff reporters 02 Jul 2024
Independent costings needed for tough political decisions
Economy

Independent costings needed for tough political decisions

The time is now for an Independent Fiscal Institution.

Cameron Bagrie 01 Jul 2024
Brave-faced craft chocolate industry finds strength in unity
Retail

Brave-faced craft chocolate industry finds strength in unity

More than 30 boutique chocolate companies raised the bar at Chocstock.

Gregor Thompson 01 Jul 2024