Business

Minimum Wage Increase From $7.25 To $8.35 Takes Effect June 21

ST. CROIX -- The minimum wage increase from $7.25 to $8.35 will take effect on June 21, Department of Labor said this afternoon, as it reminded businesses of their lawful duty to increase the salaries of their minimum wage employees -- totaling over 14,000 -- on the aforementioned date. D.O.L. also included in its press release a section of the new law pertinent to the wage hike. Title 24, Chapter 1 §4(a), (b), and (c) of the V.I. Code, reads as follows: (a) Except as otherwise provided in this chapter, every employer shall pay to each of his employees including employees who are less than 18 years of age or full-time high school students at a rate not less than $8.35 per hour beginning 90 days immediately following the effective date of this subsection, not less than $9.50 per hour beginning June 1, 2017, not less than $10.50 an hour during the year beginning June 1, 2018, and beginning June 1, 2019, not less than the minimum wage determined in accordance with subsection (b) of t...