The island’s first minimum wage will come into effect on June 1, according to the Minister of Economy and Labour.

Jason Hayward said the hourly rate would be $16.40.

“This monumental step ensures all employees in Bermuda have the right to a wage that is considered dignified,” he added.

“In addition to supporting minimum wage framework, the Government passed the Employment (minimum hourly wage entitlement) Act 2022, which outlines who is entitled to receive a minimum hourly wage and the enforcement provisions established regarding payment of the same.”

The minister also announced the creation of a new government department to replace the Ministry of Economy and Labour’s labour relations section.

This new entity, the Department of Labour, will aim to improve relations between employers and workers and fight for and enhance labour policies.

Mr Hayward said: “Essentially, the Department of Labour will provide a one-stop shop for all employment and labour services.

“It will establish a system of proactive workplace inspections, while promoting compliance with the Employment and Labour Code and encouraging harmonious labour relations between unions, employers, employees and their representatives.”

Mr Hayward announced both initiatives in recognition of International Workers’ Day, held worldwide on May 1.

He said: “Today, we celebrate the invaluable service all workers give to their workplaces, their customers and their community.”