When will the New Zealand living wage exceed the median wage?

The Left over Left have increased the living wage in New Zealand to $19.25 per hour for 2015. This increase was after a living wage of $18.80 for 2014 and $18.40 for 2013.

This latest increase increases the living wage by 2.39%, which is faster than the 1.7% increase in the median wage last year. This means sooner or later the living wage will grow to exceed the median wage in New Zealand.

image

Sources: New Zealand Income Survey 2014 and Living Wage Movement.

If both the median and living wage is continuing to increase at the most recent year’s rates, as shown in the above  graph, the overtaking point will be 2037.

According to the calculations of the Living Wage movement, earning the living wage in a full-time job in New Zealand with a second earner in the household working only 20 hours affords their two children, including a teenager, Sky TV, pets, international travel, video games and 10 hours childcare.

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