After much speculation and debate the Government has announced a small increase in the minimum wage, to come into effect on 1 April 2010.
The standard (adult) minimum wage will increase 25 cents to $12.75 per hour. That's equivalent to $102 for a standard 8 hour day, or $26,520 per year.
The new entrants minimum wage will increase 20 cents to $10.20 per hour ($81.60 per day, or $21,216 per year).
According to the Beehive website,
"The Government is focused on the need to find a balance between protecting jobs and ensuring a fair wage."
"We do not want to see workers priced out of the market, but we are confident that a 25c increase, in line with inflation, will not overly harm or discourage businesses from taking on new staff."
There have been calls by Unite to increase the minimum wage to $15 per hour, a 20% increase on the current minimum wage, but these calls have been rejected by the Goverment as unreasonable in the current challenging economic climate.