Sledge of the Day – John Key

Prime Minister John Key injected some realism into the #laboursgottalent living wage lolly scramble at his Post Cabinet media conference yesterday.

“If you can legislate at $18.40 an hour and have no implications, why not make it $30 an hour – and show me one country in the world that has legislated for higher wages and it has been successful. We set the minimum wage but there is always a balance between jobs … most companies have to pay more, that means they have to put their prices up, that means you as a consumer pay more … inflation goes up so the Reserve Bank raises interest rates, that means your mortgage costs go up – by the way, a lot of people lose their job … it’s a fool’s paradise.”

And he followed that up with this comment. [Viewer Discretion Advised: Not fit for people who believe in the Easter Bunny]  


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