WAGES CUTS.
PROTEST BY RAILWAYMEN.
DEPRECIATED CURRENCY.
WELLINGTON, Monday.
The National Conference of the Amalgamated Society of Railwaymen passed a resolution requesting the restoration of the wage cuts as an offset to depreciated currency. It deplores the fact that the Government, having first reduced the wages of its employees to an extremely low level by successive percentage cuts, accompanied by severe staff retrenchment, has now adopted a second and additional method of wage reduction by depreciating the purchasing power of New Zealand currency through the medium of artificially high exchange. These wage cuts and inflation have combined to place the worker in a hopeless position in "trying to ni3iiiit&iii 3< reasonable standard. "The existence of artificially high exchange is admitted by members of Cabinet," adds the motion, "to be a measure of inflation. To be fair this must give benefit to all classes. Assuming, therefore, that the Government plans to include restoration of buying power in the local market we would press on them the urgent need for an immediate restoration of wages to the pre-cut level."
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19330207.2.131
Bibliographic details
Auckland Star, Volume LXIV, Issue 31, 7 February 1933, Page 11
Word Count
177WAGES CUTS. Auckland Star, Volume LXIV, Issue 31, 7 February 1933, Page 11
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.