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Wages Lag Behind Rising Costs | Auckland News
Wages are barely keeping up with inflation, leaving most Kiwis feeling like their paychecks are shrinking in real terms. With wages up just 2% while prices soar 4.1%, everyday costs now outpace earnings by roughly twice the average wage increase. This isn’t new — we’ve seen similar cycles before, especially during the 2021-2022 inflation spike. Rising fuel prices and a tight job market are compounding the problem: workers have less leverage to demand raises, and employers can’t afford big increases amid their own financial strain. Experts hope global factors like energy conflicts may ease…
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