A higher minimum wage is good economics

摘要

WHEN THE increase in the minimum wage was announced the initial reaction from the 'great and the good' was a cacophony of criticism redolent of 'Chicken Little' and the sky falling in. Was this a reasonable reaction and was it based on fact? The starting point in New Zealand is that this month (April) the minimum wage goes up by $1.20 to $17.70.