In considering a proposed minimum wage or other terms and conditions of employment, the Commission shall have regard to—
(a) the general level of wages in Saint Lucia;
(b) the cost of living in Saint Lucia;
(c) contributions payable and benefits provided under a system of national insurance established under any enactment;
(d) other economic factors, including the requirements of economic development, levels of productivity, the desirability of attaining and maintaining high levels of employment and the desirability of attracting and maintaining foreign investment; and
(e) the protection of workers.