At least two players in the business sector feel the increase in the minimum wage will cause undue pressure on small business employers.
Prime Minister Andrew Holness on Thursday, announced a four thousand dollar increase in Jamaica’s minimum wage come June 1. That’s a 44% increase, moving from $9,000 to $13,000.
President of the Jamaica Manufacturer and Exporters Association, John Mahfood, says he hopes that won’t result in job losses.
He’s however convinced the move will result in an increase in the price of food and other commodities.
John Mahfood, President of the Jamaica Manufacturer and Exporters Association.
In the meantime, President of the Jamaica Employers’ Federation, David Wan, agrees the move will affect businesses and consumers.
David Wan, President of the Jamaica Employers’ Federation.
They were speaking Friday evening on Nationwide at Five.