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Minimum Wage Increase 2023

 

The Government has announced they will increase minimum wage once again.

Chris Hipkins has announced the new adult minimum hourly rate will rise by $1.50 to become $22.70 per hour from April 1, 2023. The new rise this time, only to keep up with inflation at 7% rather than the historic increases being double the CPI rate we’ve seen in recent years. The new Prime Minister giving assurances this rise will have a negligible effect on inflation.
 
In the usual way, the starting out rate and training rates are 80% of the Adult minimum rate thus will be $18.16.
 
Original article by Employers Assistance Ltd 20th February 2023 www.employers.co.nz
 
 
Filed under:
Date published: 27/02/2023
Author: Ashleigh Anderson

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