Wages up

The Herald reports:

The median weekly income increased by $25 this year, Statistics New Zealand says.

That’s $800 a year.

In the June 2014 quarter 50 per cent of people earned more than $600 a week — an increase of $25 from the June 2013 quarter, and the largest annual rise since the June 2007 quarter, Statistics NZ said in its New Zealand Income Survey released today.

Good to see incomes rising the strongest for seven years. Note that the median income includes adults on welfare, studying, retired etc. It is not the same as the median wage.

The number of people receiving government transfers fell by 30,700, despite 17,900 more people aged 65 and over receiving income from this source, the survey showed.

Also pleasing.