Minimum wage rise brings fear of fool's gold - News Summed Up

Minimum wage rise brings fear of fool's gold


The Government, however, had no fear of the Twilight Zone when it introduced a $1.20 increase in the minimum wage, work leave for victims of domestic violence, and announced new mandated breaks in the workplace. READ MORE:* Govt to lift minimum wage to $17.70 an hour* Business leaders, economists fear NZ economy is slowingThat is a good thing. At that point, the extra $48 a week (before tax) they received in lifting the minimum wage might seem a bit of a Pyrrhic victory, or perhaps fool's gold. They might have reached that conclusion earlier, after seeing that the rise in minimum wage has corresponded with an increase of the Living Wage, from $20.55 to $21.15. That's probably how the average small business feels at the moment.


Source: Stuff April 05, 2019 15:56 UTC



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