Combatting inequality, does minimum wage help or hinder? The minimum wage starts to threaten jobs when it is high enough to be "severely binding". "It is surprising that the minimum wage does not support a greater ripple effect up the wage scale." Crampton said minimum wage increases "poorly target" the lowest earners, and raise the cost of living, especially for poorer families. New Zealand's minimum wage is 60 per cent of its median wage, the seventh highest ratio in the OECD.

Source: Stuff September 23, 2017 15:56 UTC