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Immigration used to 'prop up' low wage economy - Peters

Labour and National are both using immigration to "prop up" the country's low wage economy, New Zealand First leader Winston Peters says.

Mr Peters said both parties' immigration policies had failed to end skill shortages and they were merely serving to keep New Zealanders' wages low.

"They are running an immigration policy designed to prop up the biggest failure in our economy, which is low wages," Mr Peters said on a Radio New Zealand immigration election debate.

"Our young people are leaving in their droves and they are being replaced by the third world."

He said both parties were running "a $10 an hour wage economy" which was driving skilled New Zealanders offshore.

"Until we get that right we'll keep trying to maintain our population with people from the third world."

New Zealand First would drop the corporate tax rate from 33c to 30c in the dollar and raise the minimum wage from $9.50 an hour to $12.

Mr Peters attacked against both parties' immigration policies, but steered from inflammatory comments regarding Muslims.">STUFF : NATIONAL NEWS - STORY : New Zealand's leading news and information website: Immigration used to 'prop up' low wage economy - Peters: "Labour and National are both using immigration to 'prop up' the country's low wage economy, New Zealand First leader Winston Peters says.

Mr Peters said both parties' immigration policies had failed to end skill shortages and they were merely serving to keep New Zealanders' wages low.

'They are running an immigration policy designed to prop up the biggest failure in our economy, which is low wages,' Mr Peters said on a Radio New Zealand immigration election debate.

'Our young people are leaving in their droves and they are being replaced by the third world.'

He said both parties were running 'a $10 an hour wage economy' which was driving skilled New Zealanders offshore.

'Until we get that right we'll keep trying to maintain our population with people from the third world.'

New Zealand First would drop the corporate tax rate from 33c to 30c in the dollar and raise the minimum wage from $9.50 an hour to $12.

Mr Peters attacked against both parties' immigration policies, but steered from inflammatory comments regarding Muslims."