Growing discontent over low wage growth - unions

Growing discontent over low wage growth - unions

(Reprinted from Radio NZ)

By Patrick O'Meara, Economics Correspondent @Omearanz patrick.omeara@radionz.co.nz

The economy is growing at about 2.5 to 3 percent, but wages are failing to keep up.

Official figures show annual wage increases eased to 1.5 percent in the year to June, and have now been below 2 percent for the last four years.

"This year wage settlements have come in about 2 to 3 percent. But over the last couple of months, we've seen employers pushing wages down to quite low amounts of 1 to 1.5 percent and members are quite unhappy," Unite Union assistant secretary Tom Buckley said.