National has announced that it will not repeal the extra week’s leave (which would be electorally suicidal) but will give people the choice of taking it, or cashing it in.
I like this compromise.
The reality for businesses is that wage rates were going to adjust anyway to take account of the extra week. Sure those in current jobs would not take a pay cut, but it would affect future payrises and job offers.
Giving people the choice of taking the 4th week or cashing it up recognises this.