Podcasts Other The Mike Hosking Breakfast Matt Cowley: Tauranga Chamber of Commerce EO says wage increases a win for earners, tough for employers

Matt Cowley: Tauranga Chamber of Commerce EO says wage increases a win for earners, tough for employers

Published: Aug. 15, 2023, 7:26 p.m.

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Claims have come that businesses are struggling to keep up as wages continue to rise.

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Stats NZ has revealed median weekly earnings from wages and salaries leapt 7.1 percent annually in the June quarter.

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It\'s the second largest annual increase since records began in 1998 and ahead of inflation\'s 6 percent.

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Tauranga Chamber of Commerce Chief Executive Matt Cowley told Mike Hosking it\'s a win for wage earners - but it\'s tough for employers.

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He says persistent wage increases feed the inflation spiral which impacts everyone.

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