New Zealand PM, lawmakers take 20% pay cut as pandemic hits economy

New Zealand lawmakers including Prime Minister Jacinda Ardern will take a 20 percent pay cut for six months in a show of solidarity with those who lost their jobs or are reliant on wage subsidies due to the coronavirus pandemic, Ardern said Wednesday.Speaking at a daily coronavirus briefing in Wellington, Ardern acknowledged the decision would not improve the government's overall fiscal position but said it was "about leadership.""We acknowledge New Zealanders who are reliant on wage subsidies, taking pay cuts and losing their jobs as a result of COVID-19's global pandemic," she said."We fe…READ FULL ARTICLE