The minimum wage is set to rise by $1.50 to $22.70 in April, and businesses have voiced their disapproval.

New data from Retail NZ has stated that 88 percent of retailers aren't in favour of this hike, and half of the survey participants plan to cut hours and jobs across stores. 

Finance Minister Grant Robertson has defended the minimum wage hike, saying it's the right solution to the current cost of living crisis.

Grant Robertson says this minimum wage increase will put pressure on small businesses, but it's important for the lowest paid Kiwis to be financially supported.

LISTEN ABOVE

The minimum wage is set to rise by $1.50 to $22.70 in April, and businesses have voiced their disapproval.
New data from Retail NZ has stated that 88 percent of retailers aren't in favour of this hike, and half of the survey participants plan to cut hours and jobs across stores. 
Finance Minister Grant Robertson has defended the minimum wage hike, saying it's the right solution to the current cost of living crisis.
Grant Robertson says this minimum wage increase will put pressure on small businesses, but it's important for the lowest paid Kiwis to be financially supported.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.