Cayman Islands Chamber submits Position Paper on Minimum Wage
- An assessment of the impact of a minimum wage on different categories of employers – particularly those who are themselves employees and engage domestic helpers – and the impact of a flow-on effect of a general increase in wages.
- An assessment on the degree to which an increase for the least skilled, qualified and experienced will have on internal enterprise relativities.
- A detailed description of the strategies and resources to be directed at enforcement.
- A full accounting of the research and analysis conducted by the Ministry of Employment, Department of Labour and Pensions, Immigration Department and Economics and Statistics Office that demonstrates beyond reasonable doubt that the long-term benefits to the Islands’ economy outweigh the costs and risks.
Published August 20, 2014
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