The CEO for the Greater Charlottetown Area Chamber of Commerce says there are some concerns about raising the minimum wage in the province to $12.25 per hour begining of April 1st next year.
It’s a 6 per cent minimum wage increase.
Penny Walsh-McGuire says the 70 cent per hour hike will actually double the current rate of inflation.
It will mark a 53 per cent increase in the minimum wage over the past ten years. The cost of living rate has increased 16 per cent in the last decade.
She says for the local business owner it will mean they will be faced with absorbing the costs out their profit margin which may lead to higher prices charged to consumers on goods and services.