In a protectionist economy it would be... but we're about free trade now.
Technology has a deflationary impact.
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I think overall there would be widespread deflation across the developed world without reserve bank "assistance" ... raising wages could mean we help the poor and middle class rather than only the asset rich.
Problem is if min wage is $30 an hour you make a whole lot of people suddenly on minimum wage and a whole lot of people slightly better than minimum wage who weren't before. It's not exactly motivating for a lot of hard working people, especially those who've taken on hefty student loan debt to "earn" a higher rate.
Most NZer's could probably find more in their pocket if they took a look inwardly before they cried about how much they (don't) make.
Another aspect .. given wages and spending from those wages is heavily taxed in NZ... our tax take would skyrocket (rather than if we cut both the taxes and wages).
We can keep retirement at 65 or even lower it and still have a forever surplus.
Spray money everywhere :p
rba raises rates 25