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NEW ZEALAND: Government To Raise Minimum Wage by 1.5% from April 01

NEW ZEALAND
New ZealandBulletAPACFixed Income BulletsForeign Exchange BulletsMarkets
  • "The minimum wage for adults will increase by 1.5 percent to $23.50 an hour from April, the government has confirmed." (RNZ)
    • Workplace Relations and Safety Minister Brooke van Velden said the increase met the coalition government's commitment to moderate increases to the minimum wage each year, and reflected the current economic climate and labour market conditions.
    • "Delivering a modest increase in the minimum wage strikes the right balance between supporting workers and limiting further costs on business," she said.
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  • "The minimum wage for adults will increase by 1.5 percent to $23.50 an hour from April, the government has confirmed." (RNZ)
    • Workplace Relations and Safety Minister Brooke van Velden said the increase met the coalition government's commitment to moderate increases to the minimum wage each year, and reflected the current economic climate and labour market conditions.
    • "Delivering a modest increase in the minimum wage strikes the right balance between supporting workers and limiting further costs on business," she said.