The adult minimum wage will increase from $14.25 to $14.75 an hour from April 1.
The starting-out and training hourly minimum will increase by 40 cents to $11.80 an hour, and remains set at 80 per cent of the adult minimum wage.
The minimum wage is set to increase from $14.25 to $14.75 on April 1.
'The Government has taken great care in setting these wage rates to ensure we maintain the balance between protecting our lowest paid workers and ensuring jobs are not lost,” says Workplace Relations and Safety Minister Michael Woodhouse.
'$14.75 per hour is an appropriate increase given current economic and labour market conditions.
'It balances the needs of both businesses and workers whilst having minimal impact on the wider labour market.”
While annual inflation is currently at 0.8 per cent, Michael says they are increasing the minimum wage by 3.5 per cent which will directly benefit 115,100 workers and increase wages throughout the economy by $60 million per year.
'An increase of the minimum wage to $14.75 ensures there is no restraint on jobs while still increasing the incomes of the lowest paid,” he adds.
'A higher increase to even $15.50 would constrain employment growth by up to 5,000 jobs per year.
'The Government's annual increases to the minimum wage reflect our commitment to growing the economy, boosting incomes, and ensuring there are opportunities to help grow more jobs for all in New Zealand.”



4 comments
Good plan. but
Posted on 26-02-2015 11:21 | By YOGI BEAR
What about all those workers who are paid cash, no tax and like $8 an hour, there is no protection for them before or after.
Here's a thought ...
Posted on 26-02-2015 11:43 | By Murray.Guy
How about the same independent authority, the remuneration Authority, set minimum rates in line with a significant increase Minister Michael Woodhouse is about to get?
Remuneration Authority
Posted on 26-02-2015 13:35 | By Captain Sensible
Politicians getting $10K extra a year after the "independent" Remuneration Authority awards them a pay rise. Of course they will all be jailed for ten years if they refuse! How about this Remuneration Authority linking all pay rises together. Most politicians are there for one reason only and it has nothing to do with the good of NZ.
Broken system
Posted on 26-02-2015 18:52 | By flashmedallion
When are we going to stop kidding ourselves and switch to a living wage?
Leave a Comment
You must be logged in to make a comment.