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Jamaica - Employment
Unemployment in Jamaica is at a high. The government does not invest in venture to turn over capital but instead sells government paper to banks and overseas financial entities at very high interest rate. In an effort, as they say, to balance the budget [which the People National Party (P.N.P) has been trying to do some 16 years now] a prominent member of the party describe this as been the most massive transfer of resources from the poor to the rich that has ever occurred in this country since the abolishment of slavery. A whole lot of people who should be gainfully employed in the work force are not as a result of government policies. The garment industry for example has seen a sharp decline over the years due to soaring interest rates. so now banks make money, not by lending money to potential investors, but by buying government paper so the unemployment in the country is as a direct result of government policies. Agriculture, manufacturing, and various other sectors are in a shambles causing many workers to find alternatives.
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