Dominican workers earn less than US$333 a month
Santo Domingo.- As high as 85% of Dominican Republic´s formal sector workers earn less than RD$15,000 (US$333) monthly, economist Franklin Vasquez affirmed Wednesday.
He revealed the figure in his research “Employment, youth development, and salary,” whose conclusions are slated for release in March.
The economist said he found a lack of correlation between economic growth and employment in the country. “In other words the Dominican economy grows and generates jobs. The figures are there, as we have growth rates in the last 10 years and annual average of 6%, however, the average unemployment rate is still 14.3%. This shows that the labor market is rigid and Dominican Republic produces neither sufficient nor decent jobs.”
The researcher also found that most of the unemployed workers are women ages 20 to 29, while the average income of men is RD$15,000 compared with women, of RD$12,000.
“These data show that there are still inequalities that are important in the market,” the researcher said.
“The fact is that we have not implemented employment policies ever. Here we do things, as an example, we give money and develop business projects, but those are not active employment policies and what is done is never permanent,” Vazquez said, quoted by elcaribe.com.do.
Speaking in the Santo Domingo Technological Institute´s (Intec) 2nd annual Business and Economics Congress -CANE-, Vasquez questioned whether the study analyzes the political job, what said,
Faced with all this, the economist notes, Dominicans have found that entering the informal market as a response, which is around 55% and is “totally vulnerable.”
In his Congress speech there were announced 33 researches conducted by university academics, on international trade, mining policy, employment and stock market.
Dec 10, 2015
Category: DR News |