Cooking The Books

Each week the NZ Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's the best strategies to argue for a raise. Hosted by Frances Cook.Whether or not to give a pay rise has become a hot potato.Unemployment is low, at 4.5 percent, which would usually mean employees could demand better pay or they'd walk.And yet, the latest figures from Statistics New Zealand show there's not much movement.Private sector wages have only gone up 2.1 percent in the last year, and some of that lift is due to the Government raising the minimum wage by 75 cents.There are also rumblings that low inflation and low business confidence are making bosses unwilling to part with the extra cash.So it seems employers aren't wanting to come to the party, despite it becoming an increasingly heated issue.Just look at the nurses strikes; they haven't walked off the job in almost 30 years, but they did just that in July, and would have again if they didn't eventually get an agreement nailed down.Teache