It's time for higher pay to filter down
The explosion in the top salary rates has left too many in the lower income brackets searching for a living, writes Tim Hazeldine.
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Latest fromFonterra
World dairy prices dip (+graphic)
World dairy prices dipped in last nights online global dairy products auction.
NZ commodities rise 3.5pc in strong month
NZ commodity prices rose for a second month in September, in the strongest monthly gain in a year and a half.
Fonterra's $8.2m golden handshake
Fonterra paid its former chief executive, Andrew Ferrier, an $8.2 million "golden goodbye" when he left last year.
Fonterra net profit down 19pc
Fonterra said its net profit fell by 19 per cent to $624 million in the 2011-12 year to July 31.
World dairy prices up 2.4pc
World dairy prices were up again in the latest overnight auction, the fourth straight gain.
What's really in our milk?
Dairy giants are coming under increasing pressure to reveal how much of a controversial "snot-like" by-product they put in their milk.
Dairy prices up 6pc overnight + graphic
World dairy prices rose to the highest level since early April in last night's online auction, for the third straight gain.
Fonterra cuts forecast 2013 payout
The high Kiwi dollar has pushed dairy giant Fonterra to slash its forecast to its farmer members, despite world dairy prices rising due to drought in the US.