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New Zealand raises the minimum wage to $ 20 an hour and increases the top tax rate for the country’s highest earners to 39%. The changes will take effect on Thursday, along with small increases in unemployment and sickness benefits.
The government estimates that the increase in the minimum wage – an increase of $ 1.14 an hour – will affect as many as 175,500 workers, and raise wages across the economy by $ 216 million.
The opposition National Party has opposed increasing the minimum wage: “A sharp increase in the minimum wage during a period of extreme uncertainty for small businesses is economic sabotage,” said Scott Simpson, a spokesman for workplace relations