The government is considering an increase to the national minimum wage but has opted to conduct further consultations before making a final decision, Cabinet officials said following their latest meeting.

The National Minimum Wage Advisory Committee has completed its review of the existing wage framework and submitted recommendations to Cabinet after consultations with stakeholders across several sectors.

Director General of Communications Maurice Merchant said the committee examined proposals to adjust the current minimum wage, which stands at $9 per hour.

“The committee examined the proposal to increase the national minimum wage from nine dollars,” Merchant said during the Cabinet briefing.

However, Cabinet decided not to announce a new rate at this stage and instead opted for additional discussions before any changes are implemented.

“We are not telling you today what the proposed increase is, as the cabinet has determined that there should be some additional consultations and discussions on the proposals in that report,” Merchant said.

Officials said there is broad agreement among stakeholders that the current wage level no longer reflects the realities of the economy.

“There was broad recognition by the committee and by the cabinet that the current rate is outdated,” Merchant said, noting that the cost of living has risen significantly since the $9 minimum wage was introduced.

At the same time, Cabinet is considering the potential impact of any increase on businesses, particularly smaller employers.

Merchant said one of the key concerns is the size and pace of a potential increase. “In particular, to introduce that one fell swoop may be a bit much,” he said, explaining that a phased implementation could allow businesses time to adjust.

The advisory committee has suggested that any increase be introduced gradually over several years.

“One of the recommendations is like a four-year phased implementation period,” Merchant said, adding that the adjustment could be structured over an extended period to ease the transition for employers.

Cabinet is expected to continue consultations with stakeholders before determining the final structure and timeline for any change to the national minimum wage.