Close Gallery

President Leonel Fernandez: Dominican economy grew 1.4 percent in the 1st quarter, but it doesn’t seem to trickle down…

Zoom Picture

Santo Domingo. - Dominican Republic is the most expensive economy among the seven Central American countries and despite  having the highest cost of living, has the lowest wages, revealed Alvaro Alan yesterday in the presentation of the results of a PriceWaterhouseCoopers survey.

The poll also found that despite the crisis the companies were able to raise their workers’ wages as much as 12% this year.

As to earnings it also found that companies aren’t doing as well as in previous years.

Alan said the survey, presented yesterday in the hotel Meliá Santo Domingo, analyzed the wages in the Dominican market, which he said is quite aggressive, providing benefits for its executives and the rest of the personnel, such as company vehicles and insurance.

He said the Dominican Republic fares worst when compared with Costa Rica’s and Panama’s wage levels. “It could approach close to the average, but less.” He acknowledged that it’s a market reality and a gradual process which must continue improving in the Dominican Republic.

On the region’s wage increases Alan listed Honduras at 12.4%; Costa Rica 14.5%; Nicaragua 9.7%; El Salvador 3.2%, and Panama 6,3%.

The PriceWaterhouseCoopers survey in Dominican Republic took into account a practice of more than 15 years and polled more than 1,100 companies subscribed in Central America.

Share / Recommend this article: FacebookFacebook Digg thisDigg this del.icio.usdel.icio.us TechnoratiTechnorati YahooYahoo Facebook
COMMENTS
34 comment(s)
Written by: gmiller261, 7 Aug 2009 8:00 AM
From: United States

Empty suit.

Failed state.
Written by: FredCDobbs This user is banned, 7 Aug 2009 8:08 AM
From: Dominican Republic, Parque Colon statue of Anacaona
this is not good and will be a playground for leftists in the next elections ....fasten your seat belts..............Chavez stay in your cage
Written by: BASTA, 7 Aug 2009 8:34 AM
From: Dominican Republic, =Ghetto/Legalize Drugs/Free abortions for all Never Confuse Education with Intelligence
Empty suit. Empty head

Failed state. nono 4 gals LPG for me and a chicken I love the Lioness
Written by: juanb, 7 Aug 2009 9:03 AM
From: Dominican Republic
What's the difference between Leonel Fernandez and Santa Claus?


Some Dominicans still believe in Santa Claus.
Written by: generoso, 7 Aug 2009 9:42 AM
From: Dominican Republic, "Good fences, make good neighbors"
No surprise to us, wages are being depressed, and kept artificially low, by the continuous importation of cheap Haitian labor that depressed wages for all Dominicans.
The actual power to buy goods has decreased even though the wages have risen moderately, but have not kept up with costs of living increases.
The middle class takes the main brunt of fiscal predatory policies, and the government's hunger for new taxes, weighs heavily on the already stressed to the max lower, medium and higher middle classes.
This situation is a fertile breeding ground for leftists, radical prophets and revolutionaries and those that are infatuated by Chavez type strong-man ultra nationalist governments.
Leonel Fernandez qualities as an intellectual and professoral type statesman is unquestionable, but he has failed to adequately supervise and rotate his ministers, and punish and persecute corruption at the highest levels, causing a "malaise" in the eyes of the voting population.
Written by: FredCDobbs This user is banned, 7 Aug 2009 9:43 AM
From: Dominican Republic, Parque Colon statue of Anacaona
the above hits nail on the head
Written by: generoso, 7 Aug 2009 9:46 AM
From: Dominican Republic, "Good fences, make good neighbors"
Con't
If this situation continues and not even token efforts are made to change the tired, old and lethargic empty suits in his administration, the PLD will unquestionably be out of congressional seats in the upcoming 2010 elections, and very possibly lose to a "dark horse" candidate from neither the PRD or the miniscule Balaguer's party, the disbanded PRSC.
Complacency of the PLD and lack of desire to "rock the boat" will be the end of the PLD reign of power.
Written by: vacanos, 7 Aug 2009 9:52 AM
From: United States, An appeaser is one who feeds a crocodile, hoping it will eat him last.
guess why josean is not here with us today with his lefty view of the world?. probably in his shack after hearing this good news for him contemplating their next move.
Written by: vacanos, 7 Aug 2009 10:00 AM
From: United States, An appeaser is one who feeds a crocodile, hoping it will eat him last.
generoso excellent point but i think this is what is going to happen. with the pact between PRD and PLD made a few month ago it will most likely give the power back to the PRD. The PRD will do what they been doing since 1978 steal the country gold. then people will be fed up with the establishment and a new party will emerge most likely TOY JAITO PERO QUIERO MI PAIZ.
Written by: generoso, 7 Aug 2009 10:49 AM
From: Dominican Republic, "Good fences, make good neighbors"
If the PRD wins the elections in 2012 and takes power it will be the end of Dominican democracy as we know it, due to the long "tails" and dubious, mega-corrupt and turbulent background of their presidential candidate.
I can not stomach and digest this nightmare and curse that will fall in the Dominican Republic if the PRD and their present presidential candidate takes power.
Dominicans need a change from the PLD disappointment and the inept and imbecility of the past PRD administrations, and hopefully change is in the air.
Written by: Gringo_1, 7 Aug 2009 11:18 AM
From: Dominican Republic, Bring DT Forum Back
The faces change, nothing else.
Written by: locco, 7 Aug 2009 11:24 AM
From: Dominican Republic
good time to sell country to the obama administration would give them a new clause to work on
Written by: xwill7, 7 Aug 2009 11:36 AM
From: United States, El cuarto bate
Why is anyone going to pay higher wages when they can hire cheap illegal labor. Same work less expenses, its a business move for all companies. Border wall is needed ASAP
Written by: juanb, 7 Aug 2009 12:11 PM
From: Dominican Republic
You guys love to blame everything on our neighbors, don't you. Look at who we are and what we represent before you attack others.
Written by: xwill7, 7 Aug 2009 1:13 PM
From: United States, El cuarto bate
Juanb,
same thing goes on here in USA. Cheap illegal labor brings down the wages.
Written by: josean, 7 Aug 2009 1:35 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
"Leonel Fernandez qualities as an intellectual and professoral type statesman is unquestionable"

Professor,

I have always respect you and taken you seriously even over looking your racist and xenophobic views towards Haitians.

But I can not believe you really believe the statement above, that I quote from you.

You really have to come to terms with your adoration for Lie-onel Fernandez; he is a phony a fake and fraud, he is has been, that never was and never will be.

Give it up professor you are embarrassing yourself!

I really make this statement because of the respect I have for you professor not out of malice or any I told you so attitude.

At best Lie-onel Fernandez is no more than a talking head!
Written by: josean, 7 Aug 2009 2:02 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
This how the next president speaks:

http://www.diariolibre.com/noticias_det.php?id=210509

Written by: vacanos, 7 Aug 2009 2:35 PM
From: United States, An appeaser is one who feeds a crocodile, hoping it will eat him last.
josean chill out there is no reason for you to go mad. he is just stating a fact about leonel with no personal emotion involve. leonel is very intelectual and professional individual anywhere you put it.. when the other head of state chose leonel to be their mediator in their conflict you know he is very good in that category. i cant stand the guy as a politician but at the same time i have to admit he is very articulate intelligent person. una cosa no tiene que ver con la otra


Written by: vacanos, 7 Aug 2009 2:36 PM
From: United States, An appeaser is one who feeds a crocodile, hoping it will eat him last.
generoso i didnt know you had a small lefty fan club here on this side. good for you
Written by: generoso, 7 Aug 2009 2:49 PM
From: Dominican Republic, "Good fences, make good neighbors"
josean
Now calm down now, take your pill, do not let your prejudices cloud your good judgement of others. Don't be so quick to accuse someone to have racist or xenophobic views towards our neighbors or towards other human beings, it is something the Haitians do best to put Dominicans on the defensive always.
I was lucky to meet Lionel Fernandez personally and had conversations with him, and he impressed me as a well informed and shrewd politician. As an intellectual his savvy of world events is unquestionable and his eclectic knowledge, encyclopedic to say the least.
Like previous heads of state that we have had in the DR, such as Juan Bosch or Joaquin Balaguer, Lionel Fernandez is a world class statesman, and nothing you say can change that.
Wether I agree with the conduction of his government or his economic policies, those are totally different matters, and I disagree with the hands-off way he has conducted governing, or the indifference he has shown for containing corruption.
Written by: josean, 7 Aug 2009 4:43 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
generoso,

I am sure Hitler had people who thought the same of him. If Lie-onel Fernandez is as erudite as you say, which I take you at your word because of the respect I have for you, that that makes it even worse.

It means that he has an above average understanding of the problems and therefore an above average ability to address them. But it appears he has neither; and if he does it means he is callous and self serving and despises the Dominican masses and there needs.

How can a man who is so learned have done so little, if anything, for education which is they absolute primary necessity of any society to advance. What kind of world class statesmen allows his people to struggle in the 21st century with a 19th century, at best, educational system?

This is nothing less than stupidity, giving him the benefit of the doubt or otherwise, it is criminal.

Lie-onel Fernandez was, is and will always be, nothing more than a mirage!
Written by: Ricardolito, 7 Aug 2009 5:59 PM
From: Dominican Republic, calle A.Portes
I am surprised that no one has concentrated on the more disturbing part of this story ..we have the highest cost of living. wages are simply a supply and demand situation but the high cost of living is much more complex .We do not know items are in the cost of living basket but if it is only basic items of food, electricity , transportation and health and education services together with rent , then I would have doubts if the comparisons are correct .
In fact I would not believe these figures are very accurate at all as it only looks at 1100 companies in the entire region ..those that reply to the survey ..you would need to know much more before you took any action on the survey
Written by: Ricardolito, 7 Aug 2009 6:04 PM
From: Dominican Republic, calle A.Portes
I have written several times before that it is great and nasty surprise that this country has a high growth in the economy based on the growth in GDP, yet there is little evidence that the lifestyle of most people has improved ..this is partly due to inflation which causes the cost of living to rise and so one feels much better off .
Written by: glomarexplorer, 7 Aug 2009 10:34 PM
From: United States, Fresh Water Paradise-NY Finger Lakes
Generoso,

I believe you provide a fair, impartial and unemotional assessment of the president.

Having perused many of your contributions to this forum, I would not believe for a moment that, were you to disapprove of his actions [politically or morally], you would not hesitate to castigate him.

You may be one of a handful of contributors to this forum who actually met the president and conversed with him; on that basis, you know him better than most and this fact enhances relevance of your comments.

The rest of us have formed our opinions from what we read here, or from third and possibly unreliable sources. Perhaps we should endeavor to exercise greater care and discretion in our criticism of the president.

President Fernandez clearly enjoys a seemingly high international status. Perhaps like many artists, who go unappreciated in their lifetime but gain fame death, he will one day be considered a great dominican statesman.
Written by: glomarexplorer, 7 Aug 2009 10:47 PM
From: United States, Fresh Water Paradise-NY Finger Lakes
Continued:

As a child I remember how much people hated Trujillo. Yet today, he clearly enjoys many admirers.

Being president is very tough, I presume, especially in a 3rd world country with excessive population and substantive illegal immigrant community. A country lacking adequate infrastructure, education, health care and job opportunities to sustain meaningful growth. Worse yet, a country where the majority exhibits high socialist expectations, and wants the government to be responsible for and provide everything.

Politicians need to be needed and you have a willing populace that wants to need, so the end result is not entirely unpredictable: a perpetual cycle of deeply corrupted governments-no matter what party allegiance. Sometimes this practice persists with the full adulation of the populace.

Sad situation, bordering on hopeless.
Written by: allumeuseGeneroso This user is banned, 7 Aug 2009 10:51 PM
From: Dominican Republic
First: We don't have a democracy. What we have is a Republic where antidominican leaders are elected by a very ignorant voters. The representatives abuse their power, make unilateral decisions, and they don't respond to their voters!

Second: As Generoso mentioned, the Haitian are lowering the wages and the demographic explosion in DR is making everything worst since more uneducated labor and hungry population inundate the DR's economy. The demand has outstripped the available resources. We have not calibrated our population to the actual resources in DR.

Third: Our media and reporters have done a terrible job of selling poverty, of selling the victimous image, the evil industrialists, and the saint church. The poor attitude, poor self image, poor expectations, and poor character have fed the autodestructive behavior of Dominican!
Written by: allumeuseGeneroso This user is banned, 7 Aug 2009 11:05 PM
From: Dominican Republic
Josean, critiquing the Haitian invasion is not racism since Haiti is not a race. The invasion is displacing and lowering quality of life in DR! Competition at the bottom IS NEVER BENEFICIAL!

The Haitian continue to invades with the purpose of stealing our resources and to wipe the Dominican out! WE are not going to play that game of "feeling guilty", "racism", "humanism", "rights", etc. That hell with all that. Everyone must pay for what they did and that means everyone should keep their mess to themselves! Do not spread misery to others under the excuse of "HUMAN RIGHTS."

Your kind have been warned!
Written by: pelaut, 8 Aug 2009 8:26 AM
From: United States
"fertile breeding ground for leftists"
Really? You haven't noticed FARPO and all the FOROS (comunitarias, social alternativas, etc.), and the constant stream of Cuban speakers the last years?
What about Candelier? Too old? Is he really Chavez' man?
Written by: ABR23, 8 Aug 2009 8:54 AM
From: Puerto Rico
Truth be told the PLD's, future is dictated by the PRD. They, PRD, have been able to paint the PLD as very corrupt. That is easy because it is true. So the problem is, when should LF get rid of the "corrupt" officials. If he would have done it a week or a month ago. What would have happened, the PRD will identify new corrupt guys. Strategically, he has to leave those guys in place as long as he can to take as much of the heat in the case. Remember most of the $ missing or malspent, has been on LF's campaigns.

LF knows, that no matter what happens, win or lose the next electoral cycle. the PRD will screw it up. He does not have to prove his people will not steal or be corrupt. He has to convince the people he will not steal or be as corrupt as the PRD. This is spin people, how do you think, BUSH got to whop 2 Navy heroes (McCain -Kerry) using their war record, SPIN.

Like the joke about the 2 hunters chased by the bear, you need not out run the bear just outrun the other guy.
Written by: ElCapitan, 8 Aug 2009 8:56 AM
From: Dominican Republic
Another island CHAVEZ will soon own
Written by: FredCDobbs This user is banned, 8 Aug 2009 10:33 AM
From: Dominican Republic, Parque Colon statue of Anacaona
our amigito on this thread who used to wash the hippos car is probably already using nutty hugos money to set up some politico lefty organization as we speak ....He is always very fond of throwing Hitlers name around when people do not agree with him....... He would volunteer to be part of the firing squad if the commie swine lackeys ever take over
Written by: Vivacuba, 9 Aug 2009 1:57 PM
From: Dominican Republic
Hire the americans. Nobody works for cheaper.
Written by: josean, 10 Aug 2009 11:44 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
For all you hopless Lie-onelita apologists:

http://www.diariolibre.com/noticias_det.php?id=210762
Written by: ojedamaggiolo80, 28 Aug 2009 4:55 PM
From: Dominican Republic
We must preassure the Dominican government to fix this situation ASAP!
Post Your Comment | Not a member? Create your account | Lost your password?
Write your opinion here. Please keep your comment relevant to this article. Please note that any comments which contain offensive language or discriminatory expressions may be edited/removed.
You must log in to post a comment:
Username Password