ive young men a second chance
Observer Reporter
Friday, May 13, 2005
DAVIES... idle males can derail economic targets
MINISTER of Finance and Planning Dr Omar Davies, at an economic forum Wednesday, made a plea for young males to have a second chance, saying that otherwise they could do "serious damage" to the economy.
Davies did not specify whether he was making a plea for jobs as well as training, only that they should be given another opportunity to contribute productively to the economy.
His plea, though not worded as such, was for young men to be given an alternative to crime, which is estimated to be costing the country three per cent of GDP.
"There is a cohort of young men, who for whatever reason, have missed either their first opportunity or have never had that opportunity and that cohort has the potential to do serious damage to all the positives that could occur in the economy over the medium term," said the finance minister.
"Therefore, a focus has to be given to providing that cohort with a second chance."
Davies was addressing the Jamaica Money Market Brokers (JMMB)-sponsored discussion forum 'Economix 2005', Wednesday at the Knutsford Court Hotel in Kingston, where he spoke on the topic of economic gains and the various socio-economic issues that had to be addressed.
The minister again pointed to jobs that are opening up as tourism investors build, saying that such projects might have to import labour, as Jamaica, despite large pools of unemployed, cannot supply the skilled workers required.
"We are going to have an interesting situation whereby, with all the expansion in construction, you will have a simultaneous problem where there are high levels of unemployment in that cohort and at the same time, you have a shortage of labour whereby the construction projects will have to import labour," said Davies.
Government's medium-term plan for education and training, must take cognizance of the need to address the special needs of that cohort, he said, to enssure that Jamaica is "producing from that education system, persons who can add value to the labour market".
Failure to address pressing social problems, he said to financial interests gathered at the forum, would haunt the country and derail economic progress.
Observer Reporter
Friday, May 13, 2005
DAVIES... idle males can derail economic targets
MINISTER of Finance and Planning Dr Omar Davies, at an economic forum Wednesday, made a plea for young males to have a second chance, saying that otherwise they could do "serious damage" to the economy.
Davies did not specify whether he was making a plea for jobs as well as training, only that they should be given another opportunity to contribute productively to the economy.
His plea, though not worded as such, was for young men to be given an alternative to crime, which is estimated to be costing the country three per cent of GDP.
"There is a cohort of young men, who for whatever reason, have missed either their first opportunity or have never had that opportunity and that cohort has the potential to do serious damage to all the positives that could occur in the economy over the medium term," said the finance minister.
"Therefore, a focus has to be given to providing that cohort with a second chance."
Davies was addressing the Jamaica Money Market Brokers (JMMB)-sponsored discussion forum 'Economix 2005', Wednesday at the Knutsford Court Hotel in Kingston, where he spoke on the topic of economic gains and the various socio-economic issues that had to be addressed.
The minister again pointed to jobs that are opening up as tourism investors build, saying that such projects might have to import labour, as Jamaica, despite large pools of unemployed, cannot supply the skilled workers required.
"We are going to have an interesting situation whereby, with all the expansion in construction, you will have a simultaneous problem where there are high levels of unemployment in that cohort and at the same time, you have a shortage of labour whereby the construction projects will have to import labour," said Davies.
Government's medium-term plan for education and training, must take cognizance of the need to address the special needs of that cohort, he said, to enssure that Jamaica is "producing from that education system, persons who can add value to the labour market".
Failure to address pressing social problems, he said to financial interests gathered at the forum, would haunt the country and derail economic progress.
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