BC Chamber Offers Insight to the Minimum Wage Announcement
The BC Chamber of Commerce is pleased the new B.C. government is holding to the previously announced minimum wage increase of 50 cent per hour this September 15. Businesses, especially small businesses, have been preparing to implement this increase for over a year.
The BC Chamber also recognizes that the B.C. government has renewed its commitment to raise B.C.’s minimum wage to $15 per hour by way of a fair wages commission. The BC Chamber will engage with the new commission to ensure they understand the potential economic impact that could result by increasing the minimum wage 30% over the term of government (which would be by 2021).
For our businesses, the bottom line is the need for certainty and predictability. A more measured increase to a $15 minimum wage allows business owners to gradually build the corresponding cost into their business without having to decide whether to put off new hires, reduce hours of their employees, let employees go or to pass the cost onto their customers.
The Chamber remains committed to seeing minimum wage increases tied to the Consumer Price Index (CPI). In 2015, the BC Chamber’s membership passed a policy advocating the need for predictability in minimum wage increases, and calling for only minimum wage increases tied to CPI.
The BC Chamber is the largest and most broadly-based business organization driving insights to our partners, government and Chamber network. Representing more than 125 Chambers of Commerce and 36,000 businesses in every nook and cranny of the province, we “Know What’s on BC’s Mind”.
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For further details, please contact:
Director of Policy Development, Government and Stakeholder Relations