The CEO of the Cayman Islands Chamber of Commerce says the Tuesday (19 January) announcement by Premier Alden McLaughlin that a minimum wage would be introduced on 1 March is an abrupt disruption to small businesses.
Wil Pineau acknowledges that the Chamber was part of the minimum wage advisory committee, but he and his members expected a wage increase to be rolled out as part of a larger overhaul of labour laws.
“Particularly for the small businesses in our communities that will have to adjust their payrolls,” he said, “those that don’t pay that minimum wage. We all knew it was coming; it just would have been nice to be given a longer period to adjust.”
Mr. Pineau says the change will be especially harmful to responsible businesses if government does not enforce the law on those who try to get away with paying their workers less.