Briefing paper
The tale of Goldilocks and the three fears (about the minimum wage)
Publisher
Minimum wage
Young workers
Economic growth
New Zealand
Resources
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The tale of Goldilocks and the three fears (about the minimum wage) | 338.27 KB |
Description
The minimum wage is a ‘Goldilocks’ policy: not too high, not too low. A political consensus on the role and appropriate level of the minimum wage is both possible and desirable.
To help build understanding, this article recommends that the New Zealand Government commission impartial research on a series of issues that continue to be raised in discussions of the minimum wage in New Zealand. The purpose of this research is to build an agreed fact base upon which debate can be had.
The Goldilocks range for the minimum wage is probably between $18 and $25 per hour. More research is required to narrow this range.
Publication Details
Copyright:
New Zealand Institute of Economic Research 2021
Access Rights Type:
open
Series:
NZIER Insight 96-2021
Post date:
7 Oct 2021