Saturday, April 12, 2014

Where Are The Jobs ?

3 comments:

Anonymous said...

The whole world has been living beyond its means for the last 60 years. Ever expanding credit has inflated assets to prices which wages can no longer support. The world population has gone from 2 to 9 billion in this time. Basic supply and demand dictates that this will get worse.

This is where st lucia can be self sustaining if its done in the right way. Basic human needs, shelter, water, food can be sustained if the population is kept at replacement rate and good management of the land. The big powers have tied themselves in knots chasing ever more growth. All that happens is everything gets more expensive with less jobs to buy things.

Anonymous said...

where are the jobs????
in-between REGOBERT'S legs???

Anonymous said...

You are right if you are simply criticising the emptiness and hollowness of calls by all the party leaders for simply more jobs or the empty promise of more jobs.

This my friend betrays the silliness and or the deceit of the parties and individuals in that disgusting practice. Why?Governments do not create jobs as such. And far less ... out of nothing.

STEP is a wealth transfer and a retention of the unemployment status quo. It is a form of 'disguised unemployment'.

STEP is 'make work' Keynesian 'priming the pump' but for the Saint Lucian economy, with a serious leak to import flows which have to be paid for largely with foreign exchange, which exacerbates our problems.

A smattering economic knowledge does not help when you are merely regurgitating stuff. No studies have shown, and no one can boast of any decent or respectable multiplier with STEP, which is the theoretical basis for 'priming the pump'.

Granted the skill levels and the trainability of STEP candidates, the basic justification of STEP with its inherent short-termism, is that it may be acting as a vent for the dampening of social implosion by the unemployed and otherwise unemployable, save the underground economy of the narcotics industry.