The minimum wage is set to go up by 45 cents to $23.15, starting April 1.
This two percent increase will affect between 80,000 and 140,000 Kiwi workers.
NZ Herald business editor at large Liam Dann says a reduced increase is the best circuit-breaker for the economy, as the fight to bring down inflation drags on.
LISTEN ABOVE

Enda Brady: UK correspondent on the additional calls for Sir Keir Starmer to resign
04:23

Paul Bloxham: HSBC Chief Economist ahead of Australia's 2026 federal budget
04:17

Jamie Mackay: The Country host on what the latest Rabobank agribusiness monthly report means for Kiwi farmers
04:46