"The evidence that we have from both NZ and around the world is that even quite substantial increases to a Living Wage or to the mininum wage lead to very small increases in general inflation. Overall the economic evidence is around a 10% increase in minimum wages lead to around a 0.1% to 0.4% increase in inflation."

#CraigRenney, Economist and Director of Policy at NZ CTU, 2023

"An economist says concerns an increased living wage will push up inflation are unfounded. The living wage will jump to $26 in September - an almost 10 per cent rise. Economist and Director of Policy at New Zealand Council of Trade Unions, #CraigRenney, told #CharlotteCook it's common for people to be concerned that this will further hurt inflation, but the data doesn't back that up."

https://www.rnz.co.nz/national/programmes/middayreport/audio/2018884435/living-wage-boost-will-have-minimal-impact-on-inflation-economist

#RNZ #inflation #LivingWage #CTU