Draft Report on Minimum Wage submitted

ROAD TOWN, Tortola, VI- The Ministry of Financial Services, Labour and Trade has received the draft report of the ad hoc Minimum Wage Advisory Committee.

The Committee was established in November 2023 to conduct a comprehensive review of the Territory’s Minimum Wage.

The last increase in minimum wage was made on 1 October 2016. Since then, a review of Social Assistance by the Social Policy Research Institute (SPRI Global) discovered that the current minimum wage is well below what is now necessary to reasonably meet one’s basic needs. However, the researchers cautioned that the speed by which the minimum wage is adjusted must take into account economic constraints.

According to the Government Information Service (GIS), relevant policy documents, economic data, and labour force statistics were examined during the Committee's review process. Members of the Committee also engaged in community outreach activities, which included surveys, interviews on radio and television, and focus group discussions.