Sgro urges Chamber to stand against minimum wage increase - KUAM.com-KUAM News: On Air. Online. On Demand.

Sgro urges Chamber to stand against minimum wage increase

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by Sabrina Salas Matanane

Guam - Guam Chamber of Commerce chairman Peter Sgro urged members to help in efforts to oppose Bill 316. The legislation introduced by Vice Speaker BJ Cruz would raise the minimum wage by $0.95 over the next three years capping off at $10.10.

Sgro said he doesn't think people realize that jobs will be lost and businesses will close. He referred the recent vote in the senate which voted down President Obamba's initiative to raise the minimum wage from $7:25 to $10.10.  He cited a GAO study that recommended not to raise the minimum wage. "Its difficult for me to see how certain individuals in this community not one job will be lost and in that same report it talks about what really happened in the u-s virgin islands 835 when the federal government force them to raise the minimum wage 55 percent of jobs were lost that same report was used in an analogy of CNMI and when federal government forced them to raise the minim wage 33.3% of the people lost their jobs that will happen to us," he said.

The vice speaker says he still intends to move forward with his bill.

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