Business leaders and the wider public were reminded that the minimum wage will increase from $16.40 to $17.13 an hour next month.

The Ministry of Economy and Labour said that the raise, approved on the recommendation of the Wage Commission, represents a significant step forward for workers.

A spokesman added: “More than 2,500 employees in sectors including hospitality, retail, cleaning, beauty and personal care will directly benefit from this adjustment.”

The increase will take effect on September 1.

Jason Hayward, the economy and labour minister, said: “This Government is committed to ensuring that Bermudian workers are paid a fair wage reflecting their contribution to our economy and the cost of living on our island.

“At $17.13 per hour, Bermuda now stands among the jurisdictions with the highest minimum wages in the world.

“This step is about more than numbers; it is about fairness and dignity for our people.”

The ministry highlighted that by law all employers must comply with the minimum wage, without exception.

It added: “The new wage applies to every employee, whether full-time or part-time.

“Employers are reminded that failure to comply violates the Employment [Minimum Hourly Wage Entitlement] Act 2022 and the Employment [Minimum Hourly Wage] Order 2023.

“The minimum wage adjustment is guided by international best practice.

“In keeping with standards set by the International Labour Organisation, Bermuda’s minimum wage will undergo biennial reviews, capped at 2.5 per cent annually and tied to the Consumer Price Index.”

The average rate of inflation in 2023 was 3.3 per cent. It fell to 1.9 per cent in 2024.

Mr Hayward said: “By linking our wage policy to inflation and global best practice, we protect workers, support businesses and strengthen Bermuda’s long-term economic resilience.

“The Government is raising the wage floor and advancing fairness in our society.”