Michael Barnett: Auckland Business Chamber chief executive says further rises in inflation on top of minimum wage increase is a problem for
Early Edition with Ryan Bridge · Newstalk ZB
March 23, 20223m 13s
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Show Notes
Inflation is just one problem businesses are dealing with at the moment.
Finance Minister Grant Robertson is signalling another 2.5 percent rise in inflation if Russia's invasion of Ukraine lasts a year.
Inflation is already at a three-decade high.
Auckland Business Chamber chief executive Michael Barnett says it's on top of an increase in the minimum wage from the end of next week.
He told Kate Hawkesby unemployment is also down, meaning salaries will go up, and someone will have to pay.
Barnett says with immigration not feeding skills shortages, that's going to be a massive problem.
LISTEN ABOVE
Finance Minister Grant Robertson is signalling another 2.5 percent rise in inflation if Russia's invasion of Ukraine lasts a year.
Inflation is already at a three-decade high.
Auckland Business Chamber chief executive Michael Barnett says it's on top of an increase in the minimum wage from the end of next week.
He told Kate Hawkesby unemployment is also down, meaning salaries will go up, and someone will have to pay.
Barnett says with immigration not feeding skills shortages, that's going to be a massive problem.
LISTEN ABOVE
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