“It’s not a minimum wage per se.”
Finance Minister Colm Imbert said the decision to increase the minimum wage for government workers by $2 was not meant to pressure the private sector to follow suit.
“I said we didn’t want to impose another increase of the minimum wage in just 12 months, particularly for small businesses. Because the point I made was, yes, of course, if you’re earning minimum wage, you are going to be happy for any increase that you get because you’re really at the minimum.
“But then small businesses in particular, they can’t cope with these huge increases; we increased the minimum wage by 17 per cent last year. So, we thought, look, let’s not put the pressure in the private sector, but for the workers that we are responsible for, we will increase their wages,” said the Finance Minister at the Trinidad and Tobago Manufacturers Association’s Post Budget Discussion at the Hyatt Regency in Port-of-Spain yesterday. He explained that these increases would be paid for by the State.
“These are state entities, so we simply want to advise the boards of these companies that this is what we would like them to pay. In the case of CEPEP, for example, we have to provide the subvention, because CEPEP is not a revenue generator, neither URP nor MTS. So, what is going to happen is that MTS will bill us for the additional cost. But it is a signal of what we would like you to do,” said Imbert.
–Peter Christopher