Scoop has an Ethical Paywall
PM Press Conference-Minimum Wage Raise, Genesis Energy Sale
PM Press Conference - Minimum Wage Raise, Genesis Energy Sale - 24 February, 2014
Scoop Audio+Photos
By Jamie Neikrie
Click for big version.
At the Prime Ministers weekly Post-Cabinet press conference today in Wellington, John Key discussed the minimum wage, sale of Genesis Energy, and superannuation.
Prime Minister Key confirmed today at his weekly press conference that the Cabinet has decided to raise the minimum wage from $13.75 to $14.25. The decision comes in response to promising economic indicators - unemployment has fallen to 6% and 24,000 more jobs were available in December.
The increase kicks in on April 1.
See press release here:
The Starting-Out and training minimum wages will increase from $11 an hour to $11.40 an hour, which is 80 per cent of the adult minimum wage.
When questioned whether Key hopes raising the minimum wage will boost all wages across the board, the Prime Minister replied, “If the economy is doing better then [employers] should share the wealth and we would encourage them to do that”.
The Prime Minister also announced the continuation of the State Owned Enterprises program with the sale of shares in Genesis Energy “in the next month or so.”
The press briefing also included discussion of Australia's superannuation plan.
Click a link to play audio (or right-click to download) in either
MP3 format or in OGG format.
Click for big version.
Click for big version.
ENDS
Gordon Campbell: On The Hikoi Aftermath
Mana Mokopuna: Children And Young People Share Vital Insights On Healing From Family Violence And Sexual Violence In New Report
NZ Government: PM Marks One Year In Government
Helen Clark Foundation: Helen Clark Foundation Calls For Political Action To Reduce The Prevalence Of Junk Food And Improve Health Outcomes
Justice Committee: Further Decisions About Submissions Process For The Principles Of The Treaty Of Waitangi Bill
Infrastructure New Zealand: Single Agency Needed To Coordinate Climate Adaptation And Recovery
Free Speech Union: Fair Digital News Bargaining Bill Likely To Restrict Access To Information, Polling Shows Most Oppose
