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PEOPLE’S MANIFESTO – TACKLING UNEMPLOYMENT

By in Print

While political parties have written lofty promises into their manifestos on reducing unemployment, the reality and the causes of our high unemployment rates must to examined and the conclusions conveyed to the electorate. The reality though hard to accept, is that high unemployment will be with us for some time into the future. It is also important to look at the causes as they may give some understanding to the solutions. Saint Lucia experienced a spike in population growth in the 1980’s, in which it experienced the highest level of such growth ever. The Statistics coming from our Statistics Department shows that by 2008, around the same time that those born in that era were entering the workforce; the labor market was not able to absorb the growth of the labour force, with the resultant effect of the growth of unemployment. Parallel with this phenomenon was the slowing of the...

UNDERSTANDING OUR HISTORY AND STATISTICS

By in Print

While I have promised to continue the People’s Manifesto, I want to lay the platform as to how important it is to understand our history and to observe the interface of history with statistics and to craft policy from that perspective. Just recently, the Central Bank Governor of Trinidad and Tobago was fired by the Acting President. Mr. Rambaran had unfortunately being viewed by some as a by- product of the Caribbean phenomenon termed political ethnicity. Many viewed his appointment more as a result of political expediency as against technical suitability, however before his departure, he declared that Trinidad and Tobago had suffered four consecutive quarters of negative economic growth and was thus now officially in recession. The present Minister of Finance, who is a civil engineer, responded tersely by saying that he was not informed beforehand on this economic position and the...