President of the Jamaica Employers’ Federation, JEF, David Wan, says an increase in the minimum wage may be coming soon.
Mr. Wan, who is also a member of the Minimum Wage Commission representing the private sector, was speaking on Nationwide This Morning with Kalilah Reynolds and Abka Fitz-Henley.
He says an announcement could come within the next two months.
David Wan, President of the Jamaica Employers’ Federation.
Meanwhile, Finance Minister, Dr. Nigel Clarke, who was also on Nationwide This Morning didn’t make any pronouncements on the minimum wage but pointed out that the adjustments are usually made every two years.
The Minimum Wage Commission has been having consultations across several parishes.
The Finance Minister says the Commission is now going through the information that has been collected.
Meanwhile, Mr. Wan disclosed that during the consultations affordability concerns were raised in relation to a sharp increase in the minimum wage
He says the other concerns are inflation and the affordability for large commercial communities in comparison to smaller business districts.
He says small businesses have already expressed concerns about whether or not they’d be able to maintain their current staff complement if there’s a sharp increase in the minimum wage.
David Wan, President of the Jamaica Employers Federation.