Abed warns of job cuts and hike in prices

Abed warns of job cuts and hike in prices

Expect layoffs, price increases and other measures across the business sector in response to what they say is a burdensome 30% increase in the minimum wage at a very difficult time.

Former President of the Barbados Chamber of Commerce and Industry, Eddie Abed, was reacting to news that government is going ahead with a plan to increase the minimum wage to $8.50 per hour from April 1st 2021.

He says some businesses will have no choice but to pass on the resulting increase in their operating costs.

 

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