via CONVERSABLE ECONOMIST: Some International Minimum Wage Comparisons
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Utopia, you are standing in it! 
May 08, 2015 @ 11:40:05
NZ’a NAIRU clearly fell when the Nationals made the labour market more flexible as happened in Australia when Keating did that.
This is interesting in whether reducing high minimum wages over time is such an important goal I clearly thought it was previously.
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May 08, 2015 @ 11:48:02
The minimum wage was very low in New Zealand until about 1999, that is, not much above the unemployment benefit level. There is a literature showing it wasn’t binding in the 1990s.
I’ve been meaning for weeks to write a blog post on how the natural unemployment rate in NZ is now 3.5%
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