JCC urges Gov’t to consult stakeholders before committing to minimum wage increase

The Jamaica Chamber of Commerce (JCC) is urging the Government to follow the established consultative process before committing to an increase of the minimum wage, an announcement it believes was rushed and could result in unemployment.

Last evening, Prime Minister and Leader of the Jamaica Labour Party, Dr. Andrew Holness, pledged to raise the minimum wage to thirty two thousand dollars, over the next few years, if the JLP is returned to power after Wednesday’s election.

The current minimum wage is $16000.

Dr. Holness said the wage will be increased gradually, jumping to $18500 in the first budget.

JCC President Phillip Ramson said while it is important that all Jamaicans earn a livable wage, the announcement was rushed.

He said such an increase would affect businesses and jobs.

Mr. Ramson is also urging the two main political parties to ensure that they explain how any major commitment they make will be funded and implemented.

He also pointed to the People’s National Party’s proposed $3.5 million income tax threshold.

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