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Economic model to blame for “wages of misery”

Santo Domingo.-  Greater Santo Domingo’s industries grouped in the AEIH on Sunday warned that low wages stem from the country’s prevailing economic model, which in his view must be dismantled to implement the National Development Strategy (END).

Victor Castro, responding to president Danilo Medina’s criticism that the workers’ “wages of misery” denies them access to affordable housing, said both the private sector and the government are to blame for the problem, which in his view could be resolved by transforming the decades-old economic model.

He said to transform it serious efforts must be made to achieve competitiveness that creates social capital by improving education and health, a radical reform of the tax system to increase GDP instead of raising taxes.

“We have the platform to transform the model, which is the National Development Strategy, but do not just start and to the extent that this continues, we will lose opportunities to root the new vision of management of the economy driven by President Medina” Castro said in a statement from the industry group.

Source: DT

Category: DR News |

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Last updated March 24, 2017 at 2:14 PM
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