Member

The costs imposed by this Bill will far outweigh any benefit brought about by the minimum wage increase. While a small number of workers may see modest increases thanks to the minimum wage, many more will miss out on wage increases, as businesses have to manage their increased costs. Moreover, the jobs that might have been created by new businesses entering the market, often with higher productivity and higher wage positions, will simply not exist. I urge the Minister to undertake and commit to conduct a thorough assessment of the impact of this legislation on the issues that I have sought to highlight in this group of amendments. I beg to move.