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Old October 11th, 2019, 07:12 AM
Jangle Jangle is offline
Reggae Prime Minister
 
Join Date: Jul 2006
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Default Jamaica needs to create high-value jobs

Many of the jobs currently being created in the Jamaican economy are comparable to the same low value-added ones produced two decades ago, according to the governor of the Bank of Jamaica, the BOJ.

“Thank goodness for them because they are jobs, and the people getting them didn’t have any before,” said Richard Byles. “But they are the same jobs that we produced 20 years ago, whether it is in the hotel sector (or) the BPO business. It’s the same kind of low value-added.”

Governor Byles, speaking against the background of anaemic economic growth, suggested that the only solution to that is a better educated workforce.

“And that goes back to primary school, secondary school and what you train people for at university level,” he said, while addressing a media luncheon at the central bank’s headquarters on the Kingston waterfront on Wednesday.

“With all due respect to the lawyers who are present,” he added, “I don’t think Jamaica needs …”, but before he could finish his statement others chimed in, “more lawyers”, to which Byles responded with a laugh: “I didn’t finish my statement.”

He continued: “So where we put our resources in training that human capital is important at the university level, and at all other levels, too.”

http://jamaica-gleaner.com/article/b...igh-value-jobs
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