Business News

Inflation has already eroded tomorrow's minimum wage rise – NZ’s low-income workers will need more support

Written by Murat Ungor, Senior Lecturer in Economics, University of Otago

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Tomorrow’s minimum wage increase to NZ$21.20 an hour should help a significant number of New Zealand’s lowest paid workers and their families – 300,000 people, according to the government.

Just how much it will help, however, is less certain.

At 6%, the increase is in line with with the 5.9% annual rise in the consumer...

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