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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.

More at Word Bank:

http://www.worldbank.org/en/news/press-release/2014/02/19/dominican-republic-new-road-map-promotes-opportunities-for-all

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COMMENTS
15 comment(s)
Written by: rokete, 20 Feb 2014 4:20 PM
From: Dominican Republic, (((( DEPORT THE HAITIANS, BUILD THE BORDER WALL !! ))))


But of course !!!!

With the illegal Haitian destitute and social dumping,

depleting jobs and wages from Dominican Workers,

that news is a given.

Deport Haitian illegals and poverty will reduce by 90%,

immediately wages and employment for Dominicans will increase by 80%.


((((((((((((((((((((((((((((((((((( DEPORT THE HAITIAN ILLEGALS !!!! )))))))))))))))))))))))))))))
Written by: Perception, 20 Feb 2014 4:36 PM
From: United States
Dollarized Economy Where the Minimum Salary is US $180 per Month.


Where EveryBody "Own" a HouseHold Servant.*


Many "Goods" Produced Locally are "Sold" as If They Had Been "Produced" in "Developed Country".

So "Figures", a "Feudal System".


The Economy of the Slave and The Master.*



DominicanToday.***

Written by: BASTA, 20 Feb 2014 4:50 PM
From: Dominican Republic, =Ghetto/Legalize Drugs/Free abortions for all Never Confuse Education with Intelligence
Thank you PLD
Written by: lsantiago77, 20 Feb 2014 5:13 PM
From: United States
basta, we should all be thankful to the PLD

such a great government, look at how great they are, instead of moving everybody forward, they moved everybody back, 27 percent in the last 10 yrs, thats insane

EH PA LANTE QUE VAMO
LMAO
Written by: anthonyC, 20 Feb 2014 6:35 PM
From: United States


Wait!


You mean decades of Keynesian/Socialist policies have led to nothing but Cronyism, Corruption and more poverty?

You know what most people here will say.

"We need more Keynesian/Socialist policies"


Seriously. Has Logic abandoned the D.R. completely?
Written by: PuntaCanaMike, 20 Feb 2014 7:12 PM
From: Dominican Republic
Rokete...do you think that Dominicans with an average 4.8 years of going to school for 4 hours and having 1 hour of teaching time would be any different? Man...look at the reality!!!

Right now 5 feet away from me I have a niece who never graduated high school who is now furthering her education at a so called Dominican "university" who wishes to become a teacher. Talk about the uneducated leading the future!

You can live in your flag, but lets be real...the problem with this country has little to do with Haitians (who are likely building all of the new schools).

Your answer...oh great swammy of the DR???
Written by: VeronicaDR, 20 Feb 2014 7:29 PM
From: United States
We have made it so the only people earning good money in the DR bring it from another country, are athletes, drug dealer, or corrupt officials of some type. So there you have kids these are your choices to become wealthy. If not you will be poor.
Written by: Vivacuba, 20 Feb 2014 11:07 PM
From: Dominican Republic
They are the ones responsible. They should know better than anyone else.
Written by: Danilo, 21 Feb 2014 3:04 PM
From: Dominican Republic, SDQ --- VIGILADOR.COM (Beta) - Vigilando nuestra Quisqueya
The devaluation of our peso also contributed greatly to this.
Written by: blue105, 22 Feb 2014 1:31 AM
From: United States
just remember its easier said than done to fix this problem you have most likely over 1m people who are there illegal and created a higher supply of uneducated workers.also few families have put enough efferot to make sure their children have a successful future through education and long term planning. I also believe religion has played a negative effect on the republic. Like much of latin america, Income inequality has become the norm and the church and other so called defenders of the poor have allied themselves with corrupt politicians and government agents. They teach values that stops or reduces the level of social development that could help reduce inequality.
Also it doesn't help that a few families control too much of the wealth, In order to fix this country you need an attitude change from all dominicans. I feel like dominicans are to busy figuring out how they can climb the social ladder at the expense of others.
Written by: rokete, 22 Feb 2014 1:55 AM
From: Dominican Republic, (((( DEPORT THE HAITIANS, BUILD THE BORDER WALL !! ))))

Unity as a nation regardless of political affiliation to solve the Haitian invasion.

My objective is to safeguard my Dominican Nationality,

from the Haitian invasion.

Against the Hispaniola Hidden Fusion Agenda.

This is why .........

Duarte proclamo

((((((((((((((((( A SER LIBRE O MORIR )))))))))))))))


youtube.com/watch?v=8MePQ6pm3hM

Written by: rokete, 23 Feb 2014 12:25 AM
From: Dominican Republic, (((( DEPORT THE HAITIANS, BUILD THE BORDER WALL !! ))))

No jobs and no wage increase for Dominicans !!

Thanks to the Haitian invasion !!

Haitians are making Dominicans poorer !!

As they make the elite richer !!!

((((((((((((((((((((((((( DEPORT THE HAITIANS ILLEGALS !! )))))))))))))))))))))))))))
Written by: Vivacuba, 24 Feb 2014 2:44 AM
From: Dominican Republic
If you think the devaluation of the pesos is bad, wait until you see the revaluation of the American peso. You'll later be wishing you converted your USD into DOP Do it now, time is running out. Close out your USD accounts now before it is too late
Written by: SantoDomingus, 24 Feb 2014 2:22 PM
From: Dominican Republic, Santiago
Neo Liberal policies. When are we going to learn? bah.

"The blind leading the blind"
Written by: blue105, 27 Feb 2014 1:52 PM
From: United States
vivacube if the dollar falls so does almost half the world's ecnomy from china to latin american, we basically buy everything as well as invest in a very single nation with the exception of two iran and north korea
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