Wage claims unrealistic, Minister says
New Zealand workers could not expect unrealistic wage increases when inflation and low production [remained problems, said the I Associate Minister of Finjance (Mr Templeton) in [Christchurch at the week!end. [ Although the new estimate [of an annual 10 per cent initiation rate was an improveiment, New Zealand’s trading [partners were heading towards a rate half that much, ;and the “local going” would [be rugged through to the .mid-1980s. 1 Wages had risen on an average of 10 per cent a .year, while productivity had [gone up only 1.5 per cent. (Both wage claims . and consumption had to be reduced. At the same time, Mr [Templeton said, more money! had to be invested in the' development of national re-i 1 sources.
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Press, 10 April 1978, Page 2
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125Wage claims unrealistic, Minister says Press, 10 April 1978, Page 2
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