As another Labour day came and went, investors might spare a thought for workers, or at least, their impact on the bottom line of listed firms.

Businesses have been responding to the largest minimum wage hike in history to $17.70 this year. The government has indicated it will increase to $20 from April 2021.

Add to this the somewhat stalled threat of Fair Pay Agreements, which would see minimum pay set across entire industries, and it's easy to see cause for concern.

Minimum wage hike to come at a cost for Tauranga businesses, but a relief for families