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Must extend my apologies to the

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  • Must extend my apologies to the

    former gov't. I thought they acted weak when they reversed the wage freeze and awarded the salary increase to the oubic sector workers. I wasn't aware that the courts had ruled in favor of the workers.

    Jamaica's previous standby borrowing arrangement with the Fund involved a US$1.27-billion payment from the IMF in support of the country's economic reforms. However, the agreement later collapsed due to divergent concrete positions between the Government and the IMF, on the compensation package to public servants.
    "Hindsight is twenty-twenty vision. It was a very generous package," said Shaw, adding that while the Government was implementing the wage increase the global financial meltdown occurred.
    Shaw admitted that when the Government sought to freeze the seven per cent increase to public-sector workers, the police took them to court and a subsequent ruling was made in favour of the workers.

    http://jamaica-gleaner.com/gleaner/2...ews/news3.html

    Oh boy and to think those low information voters here were adamant that the workers should be paid.
    "Jamaica's future reflects its past, having attained only one per cent annual growth over 30 years whilst neighbours have grown at five per cent." (Article)
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