Chamber of Commerce concerned minimum wage hike too rapid

  • Feb. 13, 2018 2:23 p.m.

The Provincial Government recently announced minimum wage will be increased over the next three years, starting with a jump to $12.20 on June 1, 2018 and increasing annually until 2021 when it will reach $15.20, and Cranbrook’s Chamber of Commerce is concerned about the impact it will have.

“The Chamber made a presentation to the provincially appointed Minimum Wage Commission, when they visited Cranbrook. We had two asks. That, at a minimum, a five-year implementation period to $15 per hour be implemented to give our businesses time to plan and adjust to increases,” said Chamber Executive Director David D. Hull.

“And second, that legislation be enacted to index future increase to the Consumer Price Index to ensure stability and certainty.”

The Cranbrook Chamber joined the BC Chamber of Commerce, as well as their member Chambers and Boards of Trade across BC, in their opposition to a near term rapid rise in the minimum wage to $15/hour.

“A rapid rise in the minimum wage will put pressure on businesses’ bottom line, which can result in having to cut jobs or cut down on employee hours in order to continue operations. These scenarios are not positive for employees, employers or the economy as a whole.”

Hull added his concern that a rise in minimum wage would push up through a company’s work force and render them unviable or uncompetitive.

“Raising the minimum wage tends to ratchet up all wages through an organization, adding additional strains for businesses,” said Hull.

WHO EARNS MINIMUM WAGE?

  • B.C. continues to have a low rate of individuals earning the minimum wage.
  • Of the 1.9 million workers in BC only 93,700 of them earn minimum wage.
  • Less than 5 per cent of workers in BC earn minimum wage.
  • 57 per cent of minimum wage earners are youth or young adults aged 15 to 24.
  • 55 per cent of youth minimum wage earners live at home with their parents.

Just Posted

Kimberley cross country team continues to produce excellent results

The Kimberley XC Skiers (KiXS team) have had a busy calendar of… Continue reading

B.C. BUDGET: Surplus $374 million after bailouts of BC Hydro, ICBC

Growth projected stronger in 2020, Finance Minister Carole James says

Dynamiters continue to win as season winds down

JOSH LOCKHART The Kimberley Dynamiters continue to be hot, as they outscored… Continue reading

Stolen U-Haul Truck recovered in Kimberley

Driver had multiple outstanding warrants.

New recycling program to be piloted at Kimberley Transfer Station

Currently, there is only one Recycle BC Depot serving the entire East Kootenay.

WATCH: Winter Flannel Fest 2019

The first ever ‘Flannel Fest’ took place this past weekend in Kimberley.

‘Bullet missed me by an inch’: Man recounts friend’s killing at Kamloops hotel

Penticton man witnessed Summerland resident Rex Gill’s murder in Kamloops

B.C. BUDGET: Income assistance raise still leaves many below poverty line

$50 per month increase included in funding for poverty and homelessness reduction

B.C. BUDGET: Indigenous communities promised billions from gambling

Extended family caregiver pay up 75 per cent to keep kids with relatives

B.C. BUDGET: New benefit increases family tax credits up to 96 per cent

BC Child Opportunity Benefit part of province’s efforts to reduce child poverty

B.C. BUDGET: Carbon tax boosts low-income credits, electric vehicle subsidies

Homeowners can get up to $14,000 for heating, insulation upgrades

B.C. man survives heart attack thanks to Facebook

A Princeton man suffered a heart attack while at an isolated property with no cell service

B.C. man sues Maxime Bernier’s People’s Party over trademark

Satinder Dhillon filed application for trademark same day Maxime Bernier announced the new party

New trial ordered over banning whales, dolphins at Vancouver aquarium

Park board’s appeal reverses previous decision that found it had no right to implement a ban

Most Read