New minimum wage takes effect November 30, 2024
According to a bulletin from the government, “Businesses and employees are encouraged to view this change as a positive step towards promoting shared prosperity for the people of the Virgin Islands”.
Approved by Cabinet in July 2024
The new minimum wage was approved by Cabinet in July 2024, resulting in an increase of $2.50.
The last increase in minimum wage for the VI came into effect on October 1, 2016, when it was increased from $4.00 per hour to $6.00 per hour.
The Minimum Wage Advisory Committee was commissioned by former Deputy Premier and Minister for Financial Services, Labour and Trade Hon Lorna G. Smith, OBE in November 2023. Following extensive stakeholder and public consultations, the draft report of the committee was submitted to the ministry in May 2024.
The then minister said in July that the adjustment is part of a comprehensive strategy, which includes regular wage reviews, targeted support for small businesses, and increased investments in workforce development.
See link to previous story published July 11, 2024.
UPDATE: $8.50 minimum wage to take effect from November 2024– Hon Smith | Virgin Islands News Online
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14 Responses to “New minimum wage takes effect November 30, 2024”
Lorna aint do a dame thing
8.50!!!???? GOOOOOT $%^#! Listen I make well over 20.00 an hour and I feel I can't afford my rent and other necessary things. Hanging out is expensive smh I understand why people will sell dope. So somebody comes to your business to help make you thousands and hundreds of thousands etc and you pay them $8.50 per hour!!!??? That is genocide. DOPE RUNNERS KEEP ON PUSHING! Jail better than $8.50 per hour????!!!!!!
For ^%%$£" $8.50 and hour??!!! That's a criminal act.
We wan $18 a hour wha (*&^$ $8.50 brother.
An increase in the tax exemption up to $15K would have been much better. The Grocery will never pass on the savings they get whenever the Government gives them a tax cut or something else. We out here feeling it. May God have mervy on us all. We cannot continue to deal wit a crappy infrastructure, skyrocketing utility bills when water is a scarce commodity and exorbitant grocery prices when most times the foods have reached or nearing their expiry dates, are spoilt or looking good outside whilst rotten to the core. All this calls for us as a people to come together and help eachother, stop being selfish and learn how to work together to make our home a better place. Lets do this. We can do this. May God continue to bless these beautiful Virgin Islands and all who call it home. Peace, love and God's grace to y'all. Love you, guys!!!!