3 Apr 2023

Living wage boost will have minimal impact on inflation: Economist

From Midday Report, 12:42 pm on 3 April 2023

An economist says concerns an increased living wage will push up inflation are unfounded.

The living wage will jump to $26 in September - an almost 10 per cent rise.

Economist and Director of Policy at New Zealand Council of Trade Unions, Craig Renney, told Charlotte Cook it's common for people to be concerned that this will further hurt inflation, but the data doesn't back that up.