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WIDESPREAD LAYOFFS LOOM AS PM DREW PUSHES AHEAD WITH $500 MINIMUM WAGE HIKE DESPITE FIERCE BUSINESS BACKLASH

Summary by Times Caribbean
Chamber Warns of Economic Collapse, While PM Gambles Political Survival on Controversial Wage Promise BASSETERRE, ST. KITTS – July 1, 2025 — Mass layoffs, business closures, and a deepening economic crisis could be on the horizon for St. Kitts and Nevis, as Prime Minister and Minister of Finance Dr. Terrance Drew prepares to move forward with a minimum wage increase to $500 per week—a decision met with strong resistance from the Chamber of Indus…
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Times Caribbean broke the news in Saint Kitts and Nevis on Wednesday, July 2, 2025.
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