The minimum wage will rise by 1.5 percent to $23.50 from April 1, it was announced Tuesday.

MBIE favoured a 2 percent increase, however, the government opted for 1.5 percent rise.

MBIE favoured a 2 percent increase, however, the government opted for 1.5 percent rise.

The increase strikes a "balance" between supporting workers and limiting further costs on business, the Workplace Relations and Safety Minister says.

The increase strikes a "balance" between supporting workers and limiting further costs on business, the Workplace Relations and Safety Minister says.

The ACC minister announced an independent review, while levies are to rise by 5 percent a year for three years.

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