October 14, 2022 | By Colin O. Jarrett |
The government of Bahamas has increased the national minimum wage to $260 per week.
Prime Minister Phillip Davis made the announcement during a national address as he outlined the crisis impacting the country on multiple fronts and the government’s plan to move the nation forward.
The last time the minimum was raised was in 2015. Mr Davis said for minimum wage earners in the public service, the change will be retroactive, going back to July of this year.
He added that minimum wage earners in the private sector will see the increase in January of the coming year, giving employers time to prepare the increased expense.