INDEPENDENT NEWS

Higher minimum wage will cut job growth

Published: Wed 18 Dec 2019 12:32 PM
“The Government’s decision to increase a minimum wage that is already the highest in the developed world shows a breath-taking disregard for small businesses and young, unskilled workers”, says ACT Leader David Seymour.
“New Zealand has the highest minimum wage in the OECD relative to the average wage.
“Labour has given up on raising wages through productivity growth, instead trying to legislate for higher living standards.
“Governments can’t force businesses to pay workers more than they are worth. By setting the minimum wage at a level that some workers cannot demand, Labour is guaranteeing that thousands of jobs will lost, because firms are less able to take on new staff or through automation.
“According to MBIE, the last two minimum wage hikes cost the economy 8000 jobs. This increase will do even more damage.
“A higher minimum wage will also raise the cost of living for consumers and disadvantage retailers by providing a Christmas gift to offshore online retailers.
“Jacinda Ardern’s government has banned offshore oil and gas exploration, turned away foreign investment through its Overseas Investment Act reforms, and will cut the size of the economy with the Zero Carbon Bill and freshwater reforms.
“Labour cannot expect to continue to pile new costs and red tape on businesses and expect the economy to keep growing.”
ends

Next in New Zealand politics

On Buying Ventilators, And Expanding The Testing For Covid-19
By: Gordon Campbell
On Going To Level Four (and Scrapping The Olympics) Right Now
By: Gordon Campbell
Cabinet Approves Business Continuity Package In Response To COVID-19
By: New Zealand Government
Statement From Police Commissioner Mike Bush Following Guilty Pleas In Operation Deans Prosecution
By: New Zealand Police
Record transport investment in Draft GPS 2021
By: New Zealand Government
On The Loss Of Abortion Safe Zones
By: Gordon Campbell
On The Oil Price Smackdown, And On National’s Fatuous Crusade Against Red Tape
By: Gordon Campbell
Predator Free 2050 Strategy - Expert Reaction
By: Science Media Centre
Government seeks infrastructure projects
By: New Zealand Government
Advance payments to support contractors
By: New Zealand Government
Auckland Council Welcomes Package To Stimulate Economic Recovery
By: Auckland Council
Infrastructure Sector Sees 30 Percent Less Jobs
By: Infrastructure NZ
COVID-19 And The Fundamentals Of Living On A Timed Borrow
By: Nikko AM
Fixing Wellington’s Infrastructure Deficit Should Be Top Of Government’s To-do List
By: Business Central
Nation Steps Up To COVID-19 Alert Level 2
By: New Zealand Government
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media