Dominican workers’ wages shrink 27% over past 10 years
Santo Domingo.- The Dominican workforce’s real wages shrank by 27% over the last 10 years, according to a World Bank report released Thursday.
it said Dominican wages lost purchasing power “despite increased labor productivity” and suggests improving the investment climate to boost entrepreneurship and job creation, while strengthening the poor’s access to labor markets.
In the report “When prosperity is not shared” the World Bank notes that “growing sectors such as tourism, manufacturing, telecommunications and financial services have not created as many jobs as initially expected,” and instead most of the jobs created have been low pay and in the informal sector.
Category: DR News |