INDEPENDENT NEWS

Govt delivering higher unemployment, lower real wages

Published: Wed 1 Aug 2018 12:52 PM
Amy Adams - Finance
1 August 2018
The Government’s anti-growth policies are hitting home, with the latest figures from Statistics New Zealand showing the number of people unemployed has increased by 4000 in the last three months, says National’s Finance Spokesperson Amy Adams.
“While unemployment remains low, it shouldn’t be increasing at all when there are such large capacity constraints in the labour market and businesses have previously been crying out for new workers. The only explanation is poor Government policies.
“Even more concerning is the fact that wages haven’t kept up with cost of living increases. According to the latest figures from Statistics New Zealand, the average wage grew 0.27 per cent in the June quarter, compared to inflation of 0.4 per cent.
“Wages are stagnating at a time when the Government’s policies are pushing up costs on New Zealand families through higher fuel taxes, higher rents and cancelling National’s tax cuts.
“The Government’s policies such as 1970’s style labour laws, shutting the oil and gas industry down and higher taxes are clearly starting to flow through to the labour market. They’re having a real impact on Kiwi families and stopping them from getting ahead.
“The reality is that this Government inherited a very strong economy with a buoyant labour market. But since coming to office the Coalition has only made it harder for people to get a new job or a pay increase.
“The effects of the Government’s poor economic management are only starting to be felt. It needs to stop making it harder for New Zealanders to get into work and start listening to businesses who want to invest in Kiwi workers. It must recognise it is having a real negative effect and act to turn it around.”
ends

Next in New Zealand politics

Top academics call on government to take climate action
By: UNITEC
New plan for high quality early learning
By: New Zealand Government
Two years’ progress since the Kaikoura earthquake
By: Marlborough District Council
Pike River Mine Drift re-entry plan to proceed
By: New Zealand Government
New High Commissioner to Australia announced
By: New Zealand Government
Dame Silvia Cartwright to lead public inquiry into EQC
By: New Zealand Government
Water rationing in Hawke's Bay as some rivers run dry
By: RNZ
PM pretends climate change isn’t a global issue
By: ACT New Zealand
Minister's Door Closed on Waste-to-Energy Plants
By: Social Credit
Questions remain over Government’s ECE plan
By: New Zealand National Party
Concerned education unions consider joint action
By: NZEI
Education unions' combined executives to meet
By: NZEI
Ministry of Education offers $10,000 to most teachers
By: Ministry of Education
Kaikōura property owners in limbo two years after quake
By: RNZ
Earthquake scenario to practise emergency response
By: Greater Wellington Regional Council
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media