Articles tagged Wages

Nurses and teachers are pushing the Labour Government for massive pay increases, but the Government is rejecting their claims on the grounds of being fiscally responsible -- for now. Thomas Coughlan reports.

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Here's the news in brief from New Zealand's political economy on Tuesday, including news a private member's bill to create a new debt mediation service for farmers passed its first reading, New Zealand job advertisements continued to grow strongly and Australian wage growth remained very weak. The combination doesn't bode well for falling net migration here.

Finance Minister Grant Robertson expects new Reserve Bank Governor Adrian Orr to review the bank's modelling that currently shows unemployment cannot go any lower without generating an inflation surge. Bernard Hickey reports.

Updated

Unemployment's fall to a nine-year low of 4.5 percent begs the question for interest rate setters: has the economy revved so hard that it is about to generate inflation? Bernard Hickey looks under the hood and finds a higher performance engine.