Hon MICHAEL WOOD: Having a good minimum wage is actually one of the most important things that we can do to stimulate local economic activity because it gives the New Zealanders most likely to spend it more money to spend in local businesses. At the same time as we've increased the minimum wage, we've seen our unemployment rate drop to 4.7 percent, which shows that the more that we support our lowest-paid workers, the more that we can support our local businesses and our economy.