The National Minimum Wage will increase from $17.50 to $20.50 per hour from tomorrow, January 1, 2024.
In a statement, the Ministry of Labour said this 17% increase was determined “based on careful consideration and assessment by the Minimum Wages Board (MWB)”.
The Ministry said this latest three-dollar hourly increase will benefit approximately 190,000 workers who are employed across Trinidad and Tobago within supermarkets, hardware stores, bars, hotels, restaurants, warehouses, and gas stations among other establishments, as well as those employed as security officers and domestic workers.
"When calculated, these workers will receive a $520.00 increase in their monthly income, amounting to an increase of $6,240.00 in annual income,” the Ministry’s release explained.
“Effective January 1, 2024, no worker should be paid less than the hourly wage of $20.50 which equates to $164.00 for an 8-hour workday, $820.00 for a 40-hour workweek, and a monthly rate of $3553.33," it stated.
The Labour Ministry notes that its Labour Inspectorate Unit—which is responsible for monitoring and enforcing the Minimum Wages Act and Orders—continues to ensure compliance with these laws. It reports that in the past year (2023), it has collected over $1 million in arrears owed to workers through rigorous inspections, which it describes as “a major milestone”.
In the statement, the Minister of Labour, Stephen Mc Clashie, urged employers to take heed of the New Order and consult with the Ministry’s Labour Inspectorate Unit for information on the New-Wage, in order to reduce the number of breaches to the Minimum Wage Act, as well as to ensure they are compliant with the law, and to guarantee fairness and equity to workers.