One of NZ’s leading economists Cameron Bagrie told the TV3 AM show on Tuesday the increase in wages in NZ is a “success” but we are getting to a point of too much success.
His warning came as the Dominion-Post reported what it called “an avalanche” of fair pay applications are expected to be made over the next few months as unions gather momentum to launch bids for better pay for workers under the new fair pay agreement law.
Fair pay agreements set out specific conditions and deals betweenworkers and employersin an industry or occupation, with the regime for establishing them coming into effect next month.
They can be triggered by support from 1000 workers or 10% of a workforce. The fair pay legislation stemmed from a major plank in the Labour Party’s election policy.
So how will that “avalanche” fit with what the Reserve Bank is trying…
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Utopia, you are standing in it! 
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