Wired868 Wired868 for smart sport news and opinion
“The Minister of Tourism, Randall Mitchell, has said that increasing the minimum wage will cause inflation… This is a ton load of gobar.
“We are presently suffering from the highest inflation rate since the turn of the century. Is it caused by increasing the money supply? Or is it because we import nearly everything we use and are in fact suffering from imported inflation? […]”
The following Letter to the Editor, which rebuts Minister of Tourism Randall Mitchell self-declared “educated” reason for the government’s freeze on salaries, was submitted to Wired868 by Gerry Kangalee of Rambert Village:
The Minister of Tourism, Randall Mitchell, has said that increasing the minimum wage will cause inflation.
According to the Trinidad Guardian of 15/08/2022, “Mitchell stated that increasing the minimum wage would not necessarily translate to a better standard of living. He said while the move may be deemed necessary, it can force the current inflation levels to spiral.”
The newspaper goes on to quote him: “Where there are already inflationary pressures, where there is a lot of money chasing behind a limited number of goods, your policy is to increase the money supply.
“It sounds good to the person who wants a little raise in the minimum wage but of course, what we all know—the educated ones on this side, what we all know—is if you increase the money supply, you give a raise then the inflation will only get out of control, more and more and it is going to only cause hardships on the people of Trinidad and Tobago.”
(via Ministry of Tourism, Culture and the Arts)
This is a ton load of gobar. We are presently suffering from the highest inflation rate since the turn of the century. Is it caused by increasing the money supply? Or is it because we import nearly everything we use and are in fact suffering from imported inflation?
At the very time when public sector, state enterprise and public utility wages have been frozen for eight years, inflation is skyrocketing. You don’t have to be one of the “educated ones” to be aware of this.
He goes on to insult us by talking about being one of the “educated ones” who can repeat clap trap from university text books that do not deal with social reality. Really, he is just making excuses for the assault on the standard of living that the government—the biggest employer in the country—has been inflicting on the poor and the working people as they seek to transfer income from the poor to the rich.
The minimum wage is TT$17.50 per hour. A sandwich loaf is TT$17.00. At [a salary of] over TT$40,000 per month, we know Mitchell’s bread is well buttered!
When in government, the People’s National Movement (PNM) speaks with the certainty of authority—decisions are made, policies defended, and dissent Read more
“[…] Basic economic theory does not always manifest in practice—in fact, it rarely does. To understand if or by how Read more
“[…] The Industrial Court wields quasi-constitutional powers in employment matters. It issues binding decisions affecting the rights of workers, unions, and employers. Read more
“[…] The fact that our Prime Minister would openly applaud extrajudicial killings as a solution to drug trafficking was troubling to Read more
“[…] The morning began with a scene of casual dehumanisation. We were herded like livestock into the entrance of the Read more
“[…] The Government’s position, as expounded by the Prime Minister and the Foreign Affairs Minister, is not neutrality by any Read more
Want to share your thoughts with Wired868? Email us at editor@wired868.com.
Please keep your letter between 300 to 600 words and be sure to read it over first for typos and punctuation.
We don’t publish anonymously unless there is a good reason, such as an obvious threat of harassment or job loss.
Don’t only heap blame on the government much of that must be apportioned to the unscrupulous business community and rampant corruption which is playing a key role in the havoc that is being wreaked on the poor of this country. I’ll advise that you listen to the contribution of Independent Senator Mr Welsh to the budget debate. That suggestion at best may result in some very short term benefits but what can we do to insulate our economy from these external shocks? Fighting down one another makes this task even more daunting.