Wage Increase Needed to Combat Affordability, but Predictability for Businesses is Key

Windsor, October 2, 2023 – Today, Rakesh Naidu, President & CEO of the Windsor-Essex Regional Chamber of Commerce released the following statement in reaction to the Government of Ontario’s minimum wage increase which came into effect on October 1, 2023.

“We are in support of scheduled increases where businesses have time to plan. Businesses value and deserve predictability when it comes to government mandates that will affect the cost of doing business.”

“We also recognize that Ontario workers have been impacted by the higher cost of living and affordability challenges,” Naidu continued. “We are in favour of fair compensation and wage increases that may help reduce these concerns and retain much-needed talent in our region.” “Simultaneously, the Windsor-Essex Chamber will remain vigilant regarding the added strains on our businesses brought about by factors such as inflation, escalating input expenses, and increasing borrowing costs.”