Wages rose 20.4pc
PA Wellington .The, Statistics Department has. revealed that actual weekly wage rates measured by; the prevailing weekly wage'rates index rose 20.4 per cent in . the year ended September, 1981' The. director of advocacy for. the'Employers’ Federation; Mr Max Bradford, said the. figure showed that since June; 1 1980, wages had been exceeding prices on’ an apparently accelerating trend. "It very clearly shows that.
employers have been paying wage increases which the economy cannot sustain,” he said. There was no sign of the trend changing' and indeed prices were on a “decelerating” trend while wages were accelerating. ' The advocate for the Distribution Unions’ Group, Mr R. J. Campbell, said that the figure included the 5 per cent general wage order granted by the Arbitration Court last year. ’ ’
“There was a significant element of catch-up in the Court’s decision to award 5 per cent. Enough in fact to bring the actual wage rate percentage increase figure back beneath inflation.” Mr Campbell also said the figure measured wages in gross terms but most workers during the period had had an increase in tax rates. The figure for the year ended September, 1980, was 21.1 per cent,
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Press, 29 March 1982, Page 6
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196Wages rose 20.4pc Press, 29 March 1982, Page 6
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