Fiji Time: 9:34 AM on Saturday 16 December

Fiji Times Logo

/ Front page / Archives » Article Index

Living wage issue

Felix Chaudhary
Thursday, July 27, 2017

RAISING the minimum wage would increase economic activity and could also contribute to more employment opportunities, says National Federation Party leader Professor Biman Prasad.

"If you look at the experience of other countries where the minimum wage debate has taken place and where minimum wage guidelines have been implemented, it's always been the conservative, right wing thinkers, governments and businesses who think that raising the minimum wage will lead to loss of jobs," he said.

"As an economist, that's a theory. In theory that can happen.

"But in the context that we are in — a context where the cost of living is very high, where businesses can afford to raise the salaries and wages — in fact it may help to create more jobs because you are increasing the purchasing power of people, you are increasing consumption, businesses may also benefit.

"The living wage is the most important and socially responsible thing to talk about in any country. And all those people, including Government, who are talking about loss of jobs as a result of raising the minimum wage is completely misplaced.

"They don't understand the context in which we are talking about a living wage.

"In fact a living wage could enhance job growth as opposed to this fear-mongering by some businesses and Government."

Prof Prasad said an NFP Government would engage with the business community about the benefits of raising the minimum wage to $5 an hour.

"We would be able to deal with that and sell this policy. In fact we will be talking to businesses and employers and we will try and convince them that this is feasible."

He made the comments during a press conference held at the Tanoa Waterfront Hotel in Lautoka last week Friday.








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.62560.6066
JPY 55.611352.6113
GBP 0.36370.3557
EUR 0.41590.4039
NZD 0.70740.6744
AUD 0.64210.6171
USD 0.49240.4754

from

$0.00

Exchange Rate updated on 15th, December, 2017

Today's Most Read Stories

  1. Joy turns into sorrow
  2. No longer CEO
  3. RFMF denies claim
  4. Watch out for pickpockets
  5. 'The Lord has answered my prayers'
  6. Rabuka support
  7. Court convicts Fiji Police superintendent
  8. Petero wins gold
  9. FRA sets plans for city roadwork
  10. Mammogram machine back in service

Top Stories this Week

  1. 'Daylight robbery' Wednesday (13 Dec)
  2. Joy turns into sorrow Friday (15 Dec)
  3. Shattered Tuesday (12 Dec)
  4. SODELPA releases candidates' names for 2018 elections Saturday (09 Dec)
  5. Cheika rates Fiji Wednesday (13 Dec)
  6. Qiliho calls to regulate cyber space Sunday (10 Dec)
  7. SOCIAL MEDIA Alleged racist comments inquiry Monday (11 Dec)
  8. Tabuya denial Tuesday (12 Dec)
  9. Kalouniwai: Fiji soldiers not affected Wednesday (13 Dec)
  10. 'Happy' with results Thursday (14 Dec)