RAISING WAGES NOW {print]

Dear Editors, It seems I am being instructed not to write this letter now. It is my opinion that the workers in our society are suffering from intense poverty, which need to be alleviated. Hence I write my reasons.   Andre who was not available, suggested that I send it to Gleaner letters.

          RAISING WAGES NOW

There is an article in today’s Gleaner which comes from the head of the IMF’s mission  to Jamaica, Mr. Martijn, which indicates that the IMF wants no wage increases in Jamaica at the current time;  as this would  upset the financial budget.

Irrespective, it has been 3 to 4 years government and civil service employees  have had no increase in pay to deal with rising inflation; Minimum wages have been limited to 10%. The pressure to survive has become extreme, poverty is increasing, and the crows of heaven are hungrily looking at their prey.

On both sides of this equation everyone starves to death; unemployment is rising, adolescents leaving school have little future prospects in work and service,  better educated employees seek to migrate. Only certain political candidates seem to gaining weight, and making fancy visits overseas and spending money on irrelevant causes, like climate change and climate monitoring (The Riverton City Dump; consider Min Housing, and Environment and Environmental disaster at  its Riverton Dump).

 The City dump is currently on fire from neglect by the climate monitors and their administrators. This result is concurrent with opinions that the dump is poorly managed and monitored.

In an interesting   article about wage freeze policy, Paul Krugman a senior economist at  NY Times, pointing out that a wage freeze austerity measure may result in opposite effects: Productive slowdown,  in many  U.S. companies (after some experiences), are occurring with more regularity than expected.

Paying workers better will lead to better morale, higher productivity, and lesser turnover of employees.

Significant pay increases across the board for millions of American workers may be contrary to public thinking: So the answer is raise minimum above expectations; allow workers to organize, direct fiscal and monetary policy towards full employment. If this is done, major steps towards a society beneficial to stability and peace will take place.

The fact being that extreme inequality is a tool of the market, and change may now be invoked if and when ever management requires.

Conservatives in the past have always maintained that a wage increase is always a market driven product; the law of supply and demand determines the level of wages, and the market will punish those who betray its rules.

One of the strangest experiences belong to the largest Companies in the World, which had been at the forefront of the world, the Walmart group. After many years of keeping the no wage increase policy,  Walmart announced it will be raising pay for half a million workers just a few days ago:

Now this change will affect whole communities, simply because there will be a significant spill-over effect, and this may spread to many other Companies in the same region. Moreover the example set is the choice made, that Companies the size of Walmart can and will make the right decision; that allow a low-wage company to boost morale, with increased turnover.

This  shows that pay raises may be planned for millions of workers, than would have been thought. This enables better organization of labour, direct fiscal and money policies, tending to promote full employment.

Then the society will  make the point that extreme inequality are results of a choice made, not a driven option of the market.

(532 words)

©Ramesh Sujanani

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Walmart announced it will be raising pay for half a million workers just a few days ago:

Now this change will affect whole communities, simply because there will be a significant spill-over effect, and this may spread to many other Companies in the same region. Moreover the example set is the choice made, that Companies the size of Walmart can and will make the right decision; that allow a low-wage company to boost morale, with increased turnover.

This now shows that pay raises may be planned for millions of workers, than would have been thought. This enables better organization of labour, direct fiscal and money policies, tending to promote full employment.

Then the society will  make the point that extreme inequality are results of a choice made, not a driven option of the market.

(532 words)

©Ramesh Sujanani

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INTERFERENCE IN CAMBIO TRAFFIC FLOW

As we are all aware the minimum requirements for a successful Cambio Transaction have tightened, in that Source of Funds explanations have now become one of the primary targets of a Cambio transaction.  In  GEM’s  situation our threshold Transactions are over 120 per average month. A single, or two cashiers at a time may not be sufficient to view any irregularity in a clients affairs as stated. We are finding that with the amount of information that we may research, and further verify, requires two additional  persons trained accordingly to be added to our sequence or process,( as our employees.)

We are of the understanding that such help, or reimbursement is available for these extra employees, Can you please assist us in the validity and access of this operational assistance?

But more important:

The abusers of SOF rules seem to be increasing, as we now looking at a new composition of immigrants; Jamaicans,  Chinese Supermarkets and Indian business traders, plus all the usual persons.

  1. Within the St. Ann’s Bay parish we are seeing an increase in local businesses, especially Supermarkets and Grocery Stores. Foreign exchange is being purchased by the operators of the businesses and

sold at a higher rate than we can  offer.  Some times the funds are sold to Cambioss, Banks, and other legally established business. But much of it is sold at random market.

This creates a decline in our supply, and creates another market at a different level. A simple cash register receipt is provided on request of the seller, which indicates that this is not a Cambio transaction and contradicts the laws of Jamaica.

We have had a meeting with certain officers in the Police service, and they have a solution under consideration, but it implies that a decision is needed from the Minister(s) and the Police High Command. It is simply to set up several transactions (per day if necessary), and lay charges on those who are caught.

Having said this, though I have personally issued warnings   verbally to the various businesses, and we were getting some cooperation, it appears now to have relaxed. We need these promulgated in addition the  approvals  from the Governor,  and/or the Minister,  and the police need the permission to act accordingly.  We are prepared to support them, however we can.

We shall appreciate a response at your discretion. You need to pass out instructions for implementation; so that the Police may act.  Whatever details we have is at your disposal.

Ramesh Sujanani

(GEM PALACE FINANCIAL SERVICES)

31/03/2015