INDEPENDENT NEWS

Minimum wages cost jobs - Prebble

Published: Tue 21 Dec 1999 10:49 AM
Tuesday 21st Dec 1999
Richard Prebble
Media Release -- Economy
The experience around the world is that minimum wages and youth rates cost jobs, says ACT Leader Richard Prebble.
"In European countries where there are very high minimum wages there are very high levels of youth unemployment. In countries as Germany and Spain where the economy is strong, they have chronic youth unemployment caused solely by laws that force employers to pay young people more than they are worth to the company.
"The trade union movement's support for high minimum wages and for abolishing youth rates is to set up arguments for wage relativity increases. The government, by increasing the minimum wage by 8%, has established a benchmark for wage and benefit increases. It's safe to predict that the trade union movement will now be asking for an 8% across the board wage increase.
"We are back into the industrial relations of the 1980s."
ENDS
For more information visit ACT online at http://www.act.org.nz or contact the ACT Parliamentary Office at act@parliament.govt.nz.

Next in New Zealand politics

Gordon Campbell on the Commerce Commission fuel report
By: Gordon Campbell
Bill to allow licensed premises to stay open for RWC matches
By: New Zealand Government
KiwiBuild programme losing another top boss
By: RNZ
Helping our cities grow up and out
By: New Zealand Government
Ngāpuhi elder 'shocked' by conditions at Ngawha Prison
By: RNZ
Independent election policy costing unit a step closer
By: New Zealand Government
Primary and intermediate principals vote to accept new offer
By: NZEI
Breach of 'journalistic privilege' during unlawful search
By: Independent Police Conduct Authority
BSA releases decisions on coverage of mosque attacks
By: Broadcasting Standards Authority
UPDATE: Lack of fuel competition may be costing $400m
By: BusinessDesk
Breaking wholesale stranglehold on petrol supply
By: BusinessDesk
Commission releases draft report on retail fuel market
By: Commerce Commission
CommComm report will lead to more regulation, but same price
By: ACT New Zealand
MTA pumped with fuel market study findings
By: Motor Trade Association
Oil reserves budget blow out reason for quiet levy increase
By: NZ Energy and Environment Business Week
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media