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

Government to end tenure review
By: New Zealand Government
A new future for work skills training in NZ
By: New Zealand Government
Progress Stalled in Reducing Inequality
By: Salvation Army
SSC to seek answers on IRD survey
By: New Zealand Government
Prohibiting smoking in vehicles carrying children for health
By: New Zealand Government
Nationwide events to commemorate Waitangi Day 2019
By: New Zealand Government
Change to how iconic high country land is managed
By: New Zealand Government
High Country farmers face more uncertainty, costs
By: New Zealand National Party
Forest & Bird welcomes end to tenure review
By: Forest And Bird
Fish and Game welcomes the halt to tenure reviews
By: NZ Fish and Game Council
EDS not convinced abandoning tenure review is a good thing
By: Environmental Defence Society
Purchase of unique North Otago reserve announced
By: New Zealand Government
Regions will suffer under centralisation of training
By: New Zealand National Party
SIT should not be merged
By: New Zealand National Party
Govt should privatise vocational education
By: ACT New Zealand
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media