Various overlapping NZ dollar notes

Michael Woodhouse, Minister of Workplace Relations and Safety, has announced today that the minimum wage will increase by 50 cents to $15.75 an hour on April 1.

The starting-out and training hourly minimum wage rates will increase from $12.20 to $12.60 per hour, remaining at 80% of the adult minimum wage.

An increase to $15.75 will benefit approximately 119,500 workers and will increase wages throughout the economy by $65 million per year.

The increase is the fourth successive 50c increase: the rate was raised from $13.75 to $14.25 in April 2014, then to $14.75 in 2015, and $15.25 last year.

Information and photo credits:

beehive.govt.nz, 24 Jan 2017
www.beehive.govt.nz

NZ Herald, 24 Jan 2017
www.nzherald.co.nz