Published On: Fri, Aug 26th, 2016

Increase minimum wage “election stunt” says VBC

Ruthmilda-Larmonie-CeciliaWILLEMSTAD - An election stunt. This is how the Curaçao Business Association (VBC) calls the decision made by the Minister of Social Development, Labor and Welfare Ruthmilda Larmonie-Cecilia to raise the minimum wage to almost 2,000 guilders per month.

According to Joop Kusters, chairman of the VBC this is a solo act. “Such a decision they had to first discuss it with the social partners and civil society. This is just a stunt to get votes in the elections. Politicized,” said Kusters.

According to Kusters, the increase in the minimum wage will have much effect on the economic progress of the island. He argues that, as a result of the increase, the salary of the employees that are right above the minimum wage should also be raised.

Also, other costs, like social security, will go up. All employees costs will rise and that will be an extra burden for the private sector.

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