Three million people are looking for work in the Dominican Republic, according to Fulgencio Severino, president of the Movimiento Patria para Todos (MPT). He called the productive sectors and the general population to foster a national strategy for job creation and improvement of wages, as reported in Listin Diario on occasion of International Labor Day on 1 May 2018.
42% of the seven million of working age have not found jobs, says Severino. He said the Dominican economic model has collapsed because it is based on tax incentives to large companies, taxation on consumption that increases the prices of basic products, and excessive taxation to small and medium enterprises. He says there is a lack of initiatives for the implementation of new technologies, manufacturing and excessive international borrowing by the government.
He called for new strategies so that university graduates can find dignified jobs. He said the Superintendence of Pensions published in March 2018 that 68% of those who have jobs in the formal sector make less than RD$15,000 a month, this including government employees.
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Listin Diario
1 May 2018
