President of the Bankers, Insurance and General Workers Union (BIGWU) Vincent Cabrera says the trade union still stands behind its $20 an hour minimum wage proposal. In a phone interview yesterday, Cabrera referred to recent reports from the Central Bank that inflation had risen to 14.1 per cent in July, and insisted that BIGWU continued to stand behind its proposal of raising the minimum wage from $9 an hour to $20. He said at $20 an hour, a worker receiving the minimum wage would earn about $3,200 every four-week cycle. Cabrera said many unions had lowered their proposals for a new minimum wage, after Minister of Finance Winston Dookeran spoke of the rising inflation, but his union was still standing firm behind its proposal.
He said BIGWU was also asking for the minimum wage to be reassessed every two years to ensure wages kept pace with the ever-rising cost of living. Cabrera said a major problem with the current minimum wage was that it remained the same for the past six years, while the cost of living became more expensive. He said the Government should not look at it as minimum wage but as a "living wage" that ensures all workers can financially keep pace with the rising cost of food, housing, etc. He said there was some concern that should the minimum wage be lowered, workers would essentially be bringing home less than someone receiving the new $3,000 pension grant.
In relation to what he wanted to see come out of Wednesday's budget presentation, he said the union was calling for the establishment of a Fair Price Commission. Cabrera said such a body was needed to prevent price-gouging and "un-natural inflation." He said the Fair Price Commission would monitor the inflation of prices compared to the market rates to ensure all pricing was fair and customers were not falling victim to price-gouging. Cabrera also called an investigation into the level of inequality of income. He explained that a statistical study needed to be conducted using salary data from the Central Bank, the Central Statistic Office and other parties to track salary trends and uncover any inequality of income.
Cabrera said what he wanted to see in the budget was an investment in social infrastructure. Such social investment should be comprehensive and all inclusive. It was time for the Government to look beyond physical infrastructure and focus on the needs and development of the people, according to the trade unionist. Cabrera explained the union wanted to see further investment in health care, social services, education and especially the development of the agricultural sector. The Government also needed to pay specific attention to the expansion of agriculture and subsidise locally-produced food, he said. Cabrera said the Government should look into the use of the Caroni lands for agricultural growth rather than housing.
