|
Last Updated: Dec 29, 2011 - 2:18:31 AM |
 The Government of the Bahamas has a narrow focus on reducing its country’s fiscal deficit and receding employment levels. Despite indications of insubstantial levels of economic growth and a few Bahamian industries strengthening, unemployment levels are expected to remain persistent throughout the year. It’s highly improbable that government of the Bahamas will introduce any economic policy, emphasising on long term quality job creation or fostering an environment favourable for private companies to hire Bahamians.
The Bahamas vulnerable economy does not have the capacity to withstand the re-occurrence of an economic crisis. The current economic condition has contributed to a consistent increase in poverty among Bahamians. The current administration monetary and fiscal policies and the mismanagement of the Bahamian economy, has led to the complete annihilation of its countries middle class. The Bahamas economic success is measured by the fabric of its middle class and the productivity of its work force.
With proliferating levels of unemployment, a growing lack of confidence in the government economic restoration, and with stark and gloomy economic projections, the future of the Bahamian economy remain uncertain. The Ingraham administration counter cyclical economic policies assist in stabilizing the Bahamas economic vulnerability. These economic strategies did little directly address the unemployment challenge. The policies focused on infrastructural development, which much of was carried out by foreign nationals, emergency unemployment benefits, and temporary job initiative which was a short term reaction to an economic crisis.
The youth of our country are more susceptible to unemployment and poverty than others. Females are highly vulnerable than males. A Young person, who has advanced technical and educational skills, has some employment safety. In the Bahamas those individuals who are educated are far more vulnerable than uneducated persons, because of a scarce demand for high-wage labour. Other individuals are susceptible to unemployment because they lack the essential skills required literacy and numeracy. Unemployment has a detrimental effect on the lives of young people, being unable to provide the basic needs for themselves. Without a sustainable means of income, there are limited means of ensuring their personal survival, with poverty being its only option. The government must recognize the importance of its nation’s youth, besides in an election environment. The government must go further than providing low –wage temporary jobs that offers few employment safeties. The current government employment 's policies offer no hope for a long term solution.
The government of The Bahamas has offered no plan to eradicate poverty, besides sharing their personal experiences. There are Bahamians who are currently lacking sustainable income and productive resources to ensure the livelihood of themselves and their families ,having limited access to food, the basic services, and being unable to prepare their children for school. It’s imperative that the Government of The Bahamas address the roots of poverty, fulfilling its mandate of providing assistance for its people in their time of need.
The government must identify with needs of its people; The chronic avoidance of our nation’s problems will only deepen the wounds of those who desperately need their help. The government must offer hope that our best days awaits us, but they must be the first to chatter the course of economic restoration .The government must foster and promote entrepreneurship, provide a better way life, create and harness a more successful pathway for its nation's youth, focus on its country's fiscal debt , restore the countries confidence in their governance , and lastly invest in the future of our country by placing Bahamians first.
© Copyright 2011 by thebahamasweekly.com
Top of Page
|
