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

Overnight fire at Kimberley Transfer Station

Kimberley Fire Department contains blaze at transfer station; cause unknown at this time

Kimberley Fire Department has lowest operating cost per capita compared to similar communities

FCABC 2016 Comparative Analysis shows annual savings of $335 per person.

France doubles up Croatia 4-2 to win World Cup

Played in Moscow Russia, latest Fifa World Cup marks the highest scoring final since 1966

Kimberley Fire Department releases 2017 Community Wildfire Protection Program

The report outlines fire hazard areas and their potential treatments.

REPLAY: B.C.’s best video this week

In case you missed it, here’s a look at replay-worthy highlights from across the province this week

Former NHL goalie Ray Emery drowns in Lake Ontario

Police say the 35-year-old’s death appears to be a ‘case of misadventure’

Air quality statement warns of smoky air for Kamloops area

Environment ministry says area on north side of Thompson River may be affected by wildfire smoke

Pussy Riot claims on-field protest at World Cup final

Russian protest group claimed responsibility after four people ran onto field in police uniforms

Fans party on Montreal streets after French World Cup win

To city is home to nearly 57,000 French nationals

B.C. VIEWS: Making private health care illegal again

Adrian Dix battles to maintain Cuba-style medical monopoly

Almost every part of Canada’s largest national park deteriorating: federal study

Drawing on decades of research — the report lists 50 pages of citations

Activists protest outside Kinder Morgan terminal in kayaks, canoes

Tsleil-Waututh elder Ta’ah Amy George led the water ceremony from a traditional Coast Salish canoe

Canadian soccer fans brace for World Cup final between France, Croatia

First ever final for the Croatians, while it’s France’s third, going into match as betting favourite

Most Read