On January 1st 2015 Trinidad and Tobago's minimum wage was increased from $12.50 to $15.00 per hour. Ironically most workers in T&T earn more than the mandated $15.00/ hr anyway, because of inflation and economic crowding out (i.e. wages being bid up because of excessive government demand in the labour market). Therefore the negative effects of the minimum wage in T&T will be contained.
Wednesday, March 18, 2015
Thursday, March 5, 2015
Trinidad and Tobago's most recent distraction of the week is the "bullying epidemic" in schools. There should be no surprise that violence and indiscipline in schools are on the rise as a result of decades of failed government education / social policy including but not limited to:
- The removal of corporal punishment in schools for political reasons.
- Political pandering to the Trinidad & Tobago Unified Teachers Association (TTUTA) that ensures there is no accountability or repercussions for teacher non performance.
- The dwindling number of male teachers and administrators -who because they are primary breadwinners will not consider teacher as a financially viable occupation due to the rising cost of living caused by bureaucracy, taxes and government created inflation via the Central Bank expansion of the money supply.
- The rendering of fathers in some homes redundant as a result of extensive public assistance options geared towards single mothers and women in general.