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FM
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Wage hikes, stimulus package being touted to take economy out of sloth

July 15, 2015 1:46 pm Category: Business, Local News A+ / A-

By Jomo Paul

Minister of Governance, Raphael Trotman interacts with members of the media shortly after the press conference. [Jules Gibson Photo]

Minister of Governance, Raphael Trotman interacts with members of the media shortly after the press conference. [Jules Gibson Photo]

[www.inewsguyana.com] – The APNU+AFC government is currently considering the options of significant increases to the wages of public servants coupled with stimulus packages for the private sector as a possible solution to the economic sloth that has affected the business community in the recent months .

 

This is according to Minister of Governance, Raphael Trotman who told reporters at a post Cabinet Press briefing that the wage increases will be pronounced on by Finance Minister Winston Jordan.

Jordan is expected to present the Fiscal Budget for this 2015 in Parliament before the end of August and a draft is expected to be laid before Cabinet in 10 days.

According to Trotman, some members of Cabinet have advocated that “significant” pay hikes be doled out to public servants.

“Some members [of Cabinet] have urged that we give a significant increase to public servants and hopefully the private sector will follow suit,” said Trotman.

He also related that the government is prepared to sit with the business community with the aim of working out incentives that would provide a much needed boost to Guyana’s economy.

Trotman admitted that with respect to the economy “there are some jitters but we do not want to feed into this belief that we are heading into any recession…things are moving; maybe not as fast as one would expect or as some would want.”

He pointed out that these jitters would have commenced prior to the May 11 General and Regional polls but have persisted unto today.

“Of course we had some…rattling from Venezuela which did not necessarily help…but we are not in a bad shape…we would not offer prescription without first hearing from them; where they think things have slowed down and why,” said the Governance Minister.

He said that the government is prepared to offer stimulus package where warranted but will not accept that Guyana is in a recession or anywhere close to that state.

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FM Former Member

Not sure about that.  Seems a populous move as opposed to a fact-base sound substantive initiative.  Guyana is such an import-based economy, this will do nothing but give a short term retail kick, stimulate inflation, then exacerbate the hardship for the poor.

FM
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FM Former Member
Originally Posted by baseman:

Not sure about that.  Seems a populous move as opposed to a fact-base sound substantive initiative.  Guyana is such an import-based economy, this will do nothing but give a short term retail kick, stimulate inflation, then exacerbate the hardship for the poor.

why is it every time the poor is offered higher wages from their below livable state the possible outcome is not an increment of benefit to them but a detriment to the economy? Pay the people what can take them above the poverty line.

FM
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FM Former Member
Originally Posted by Stormborn:
Originally Posted by baseman:

Not sure about that.  Seems a populous move as opposed to a fact-base sound substantive initiative.  Guyana is such an import-based economy, this will do nothing but give a short term retail kick, stimulate inflation, then exacerbate the hardship for the poor.

why is it every time the poor is offered higher wages from their below livable state the possible outcome is not an increment of benefit to them but a detriment to the economy? Pay the people what can take them above the poverty line.

Really, the abject poor are structured wage earners just needing a lil raise?  You too funny.

FM
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FM Former Member
Originally Posted by baseman:
Originally Posted by Stormborn:
Originally Posted by baseman:

Not sure about that.  Seems a populous move as opposed to a fact-base sound substantive initiative.  Guyana is such an import-based economy, this will do nothing but give a short term retail kick, stimulate inflation, then exacerbate the hardship for the poor.

why is it every time the poor is offered higher wages from their below livable state the possible outcome is not an increment of benefit to them but a detriment to the economy? Pay the people what can take them above the poverty line.

Really, the abject poor are structured wage earners just needing a lil raise?  You too funny.

Why am I funny? The republicans here refuse wage hikes always on the same premise as yours. Yet in states where it happened it has served as a benefit to the poor rather than a detriment to the rich. Note walmart complained for eons about their poor wage structure and other employment practices. They have incremented wages by close to fifty percent and have planned increases in the near future and it has not acted to the detriment of their bottom line. A livable wage is calculable. It is necessary that any base salary be able to lift an individual above that base line.

FM
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S seignetSenior Member
Originally Posted by baseman:
Originally Posted by Stormborn:
Originally Posted by baseman:

Not sure about that.  Seems a populous move as opposed to a fact-base sound substantive initiative.  Guyana is such an import-based economy, this will do nothing but give a short term retail kick, stimulate inflation, then exacerbate the hardship for the poor.

why is it every time the poor is offered higher wages from their below livable state the possible outcome is not an increment of benefit to them but a detriment to the economy? Pay the people what can take them above the poverty line.

Really, the abject poor are structured wage earners just needing a lil raise?  You too funny.

Suffering could be manageable. Perhaps, it is Grangers way of managing it.

S
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FM Former Member
Originally Posted by Stormborn:
Originally Posted by baseman:
Originally Posted by Stormborn:
Originally Posted by baseman:

Not sure about that.  Seems a populous move as opposed to a fact-base sound substantive initiative.  Guyana is such an import-based economy, this will do nothing but give a short term retail kick, stimulate inflation, then exacerbate the hardship for the poor.

why is it every time the poor is offered higher wages from their below livable state the possible outcome is not an increment of benefit to them but a detriment to the economy? Pay the people what can take them above the poverty line.

Really, the abject poor are structured wage earners just needing a lil raise?  You too funny.

Why am I funny? The republicans here refuse wage hikes always on the same premise as yours. Yet in states where it happened it has served as a benefit to the poor rather than a detriment to the rich. Note walmart complained for eons about their poor wage structure and other employment practices. They have incremented wages by close to fifty percent and have planned increases in the near future and it has not acted to the detriment of their bottom line. A livable wage is calculable. It is necessary that any base salary be able to lift an individual above that base line.

I'm talking Guyana.  Is abject poverty in Guyana those who exist in any structured wage/salary environment?  That's my question, about poverty in "Guyana", not poverty in the US!

FM
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NehruNehruBig Mouth Member
Originally Posted by baseman:
Originally Posted by Stormborn:
Originally Posted by baseman:
Originally Posted by Stormborn:
Originally Posted by baseman:

Not sure about that.  Seems a populous move as opposed to a fact-base sound substantive initiative.  Guyana is such an import-based economy, this will do nothing but give a short term retail kick, stimulate inflation, then exacerbate the hardship for the poor.

why is it every time the poor is offered higher wages from their below livable state the possible outcome is not an increment of benefit to them but a detriment to the economy? Pay the people what can take them above the poverty line.

Really, the abject poor are structured wage earners just needing a lil raise?  You too funny.

Why am I funny? The republicans here refuse wage hikes always on the same premise as yours. Yet in states where it happened it has served as a benefit to the poor rather than a detriment to the rich. Note walmart complained for eons about their poor wage structure and other employment practices. They have incremented wages by close to fifty percent and have planned increases in the near future and it has not acted to the detriment of their bottom line. A livable wage is calculable. It is necessary that any base salary be able to lift an individual above that base line.

I'm talking Guyana.  Is abject poverty in Guyana those who exist in any structured wage/salary environment?  That's my question, about poverty in "Guyana", not poverty in the US!

Bhai, Stormy full of shit as usual.

Nehru
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FM Former Member
Originally Posted by Nehru:
Originally Posted by baseman:
Originally Posted by Stormborn:
Originally Posted by baseman:
Originally Posted by Stormborn:
Originally Posted by baseman:

Not sure about that.  Seems a populous move as opposed to a fact-base sound substantive initiative.  Guyana is such an import-based economy, this will do nothing but give a short term retail kick, stimulate inflation, then exacerbate the hardship for the poor.

why is it every time the poor is offered higher wages from their below livable state the possible outcome is not an increment of benefit to them but a detriment to the economy? Pay the people what can take them above the poverty line.

Really, the abject poor are structured wage earners just needing a lil raise?  You too funny.

Why am I funny? The republicans here refuse wage hikes always on the same premise as yours. Yet in states where it happened it has served as a benefit to the poor rather than a detriment to the rich. Note walmart complained for eons about their poor wage structure and other employment practices. They have incremented wages by close to fifty percent and have planned increases in the near future and it has not acted to the detriment of their bottom line. A livable wage is calculable. It is necessary that any base salary be able to lift an individual above that base line.

I'm talking Guyana.  Is abject poverty in Guyana those who exist in any structured wage/salary environment?  That's my question, about poverty in "Guyana", not poverty in the US!

Bhai, Stormy full of shit as usual.

Bhai Nehru, what you all going to do when the public servant get their 10% in September?

 

The days are growing short to September.

 

What will that Buffon who is now happosition leader - Jagdeo will do?

 

All will be happy including the East Indians who work for the Berbice Regional Administration Office.

 

5,000 more votes for the APNUAFC coalition and that is 5,000 less for the PPP.

FM
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FM Former Member
The APNU+AFC government is currently considering the options of significant increases to the wages of public servants coupled with stimulus packages for the private sector as a possible solution to the economic sloth that has affected the business community in the recent months .

 

This is according to Minister of Governance, Raphael Trotman who told reporters at a post Cabinet Press briefing that the wage increases will be pronounced on by Finance Minister Winston Jordan.

 

Wage hikes, stimulus package being touted to take economy out of sloth, July 15, 2015 1:46 pm Category: Business, Local News A+ / A-, By Jomo Paul

Wage hike increases will have negligible effects to create a vibrant economy and well being for a country.

 

Creation of jobs through the expansion of businesses, through government and private venues, are one of the prime "movers and shakers" in this area.

FM
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