Caribbean Labour Market Challenges and Policies
This paper examines the challenges facing the labour market in the Caribbean, including youth unemployment, the mismatch between the educational system and the needs of the labour market, the creation of jobs, the low levels of productivity coupled with relatively high wages, the emigration of skilled labour from the region and inadequate labour market information. A number of policy measures are suggested for dealing with these challenges: educational and training reform, gain sharing schemes, export promotion, greater social dialogue, revised labour legislation, establishment of mutually advantageous relation with citizens living outside of the region, and development of a labour market information system.
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aggregate labour productivity agricultural Antigua Antigua and Barbuda Bahamas Barbados Barbara Stallings Belize brain drain Caribbean countries Caribbean labour markets Caribbean Labour Statistics CARICOM challenges facing changes developed countries Digest of Caribbean Dominica education and training educational attainment educational system emigration employers employment example export facing the labour Grenada Grenadines Guyana human resource implemented income increase indicate institutions International Labour Organisation Jamaica Labour Administration Conventions labour force growth labour laws labour market information labour market policies Latin America LC/L legislation main challenges Market Information System migration minimum wage mismatch n.a n.a n.a needs non-Caribbean number of persons occupational OECD OECS organise output past decade percent problem real GDP real wages Sales secondary level education services sector significant skilled labour social partnerships Source St Lucia St Vincent Suriname Table technicians and associate tourism Trinidad and Tobago unemployment rates universal secondary level venta young persons youth unemployment