The Deputy Premier and Minister for Financial Services, Labour & Trade the Honourable Lorna Smith has formed an Adhoc Committee of some 14 persons across industries to review the minimum wage in the Territory.
“As I have been pondering the best way forward, I have determined that the most effective approach is to establish an advisory committee to undertake a review of what the most appropriate level of the minimum wage should be.” Honourable Smith said.
The minimum wage which stands at $6.00 per hour was last increased on 1 October 2016, from $4.00 per hour to $6.00 per hour. However, a 2022 review of Social Assistance in the BVI by the Social Policy Research Institute (SPRI Global) found that this was well below what is now needed.
“The researchers cautioned, however, that the rate by which the minimum wage can be adjusted, must take into account economic factors and constraints.” Honourable Smith noted.
The Minister noted that the Government was conscious of the many economic challenges the people are currently facing.
“We must all put our shoulder to the wheel; government, employers and employees to ensure that individuals on low incomes do not bear a greater share of the burden than they should.” Honourable Smith.
“The minimum wage advisory committee is being established in accordance with Part III of the Virgin Islands Labour Code, 2010. The advisory committee will comprise of representatives from a diverse range of sectors, including our key economic sectors, employers, employees, Sister Island representatives and youth.” Honourable Smith on outlining the committee.
Members of the Minimum Wage Advisory Committee are as follows:-
Mr. Colin O’Neal
Ms. Nelda Farrington
Ms. Amberly Crabbe
Mr. Michael Thomas
Mr. Sendrick Chinnery
Mr. Laurence ‘Bunchie’ Wheatley
Mr. Elton Leonard
Ms. Stephanie Faulkner
Ms. Diana Wheatley
Ms. Binta Jallow
Ms. Cleopatra Besson
Mr. Sean Palmer
Ms. Avaline Potter
Ms. Lynette Harrigan, MBE
Mr. Doug Riegels
Mrs. Shaina Smith-Archer
The Minister said that the committee will have access to technical support from economists, statisticians, financial analysts, and other government officials and development partners.
“This expertise will support the committee in assessing and analysing complex data, develop and evaluate policy options, and make informed recommendations.” Honourable Smith further stated.
The Committee is expected to complete its review and submit its final report to the Minister within four months (March 2024) of its inaugural meeting, which is scheduled for later this month.
Cost of living, minimum wage and consumer protection have been major subjects of concern for residents across the Virgin Islands. Even more so as costs continue to rise astronomically.