Capri study reveals stagnant productivity despite economic growth
A recent study conducted by the Caribbean Policy Research Institute, (Capri), has revealed worrying data about Jamaica having good economic growth but stagnant productivity.
The findings of the study were released last evening during a forum dubbed growthless jobs, the paradox of rising employment and stagnant output.
Capri lead researcher Ronaldo Blake, explained, that 4 factors were examined, as possible causes of the low unemployment, but no economic growth problem.
3 of the 4 were later ruled out, leaving one main factor, that growthless jobs arise from declining labour productivity, due to employers having to take on less skilled workers.
Blake noted that 3 out of 5 Jamaicans in the labour force are untrained and lack adequate education.
He also noted that the policy of attracting jobs at all costs needs to be reviewed.