(a) In prescribing minimum wage rates, the wage board shall request evidence from any interested party and, without being bound by any technical rules of evidence or procedure, shall consider, among other relevant factors:
(1) the amount of compensation necessary to provide adequate maintenance and to protect the health, safety, and general well-being of the workers;
(2) such factors as would guide a court in a suit for the reasonable value of services rendered where services are rendered at the request of the employer without contract as to the amount of the wage to be paid; and
(3) the wages, including overtime and premium rates, paid in the Virgin Islands for work of like or comparable character by employers who maintain reasonable minimum wage standards.
(b) The Commissioner shall present to the wage board all evidence and information in his possession relating to wages, hours of work and conditions of work in the occupations currently under investigation, and all other information which he may deem relevant to the establishment of minimum wage rates, maximum hours of work and other labor conditions for the persons in such occupations.
(c) The wage board shall have the power to administer oaths and to require by subpoena the attendance and testimony of witnesses and the production of all books, records and other evidence relative to any matters under investigation. Such subpoenas shall be signed and issued by the chairman of the wage board and may be served in the same manner as subpoenas issued by the Superior Court of the Virgin Islands or may be served by registered mail receipted by the person subpoenaed and such subpoenas shall have the same effect as if issued out of the Municipal Court of the Virgin Islands. The wage board shall have the power to cause depositions of witnesses, residing within or outside the Virgin Islands, to be taken in the manner prescribed for like depositions in civil actions in the Superior Court.