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nos_specialist wrote:poor people get free, rich ppl can buy
the middle class gets raped..level
RASC wrote:nos_specialist wrote:poor people get free, rich ppl can buy
the middle class gets raped..level
This govt has always been anti middle class.
zoom rader wrote:What BS to taking about again.
Under the PNM the middle class was almost wiped out.
zoom rader wrote:Habit7 wrote:By World Bank measurement: Most of T&T's labour force is middle class
Aleem Khan
Published: Thursday, November 15, 2012
By World Bank standards, almost the entire working population of T&T should be earning an income that qualifies them to be included in the country's middle class.
In a report released Tuesday, entitled “Economic Mobility and the Rise of the Latin American Middle Class”the World Bank said that the income definition of the middle class in Latin America and the Caribbean is between US$10 and US$50 per day. That works out between $64 and $320 per day.
In 2011, the government increased T&T's minimum wage to $12.50 per hour which works out to be $100 per day and US$15.62 per day. This means that even a worker earning the minimum wage in T&T's formal employment sector qualifies to be included in the country's middle class, according to the World Bank metric.
At US$15.62 a day, T&T's minimum wage is 50 per cent higher than the lowest threshold of the World Bank definition of middle class. T&T has a population of approximately 1.3 million and a workforce of 616,400 as at December 2011, according to the Review of the Economy published by the Ministry of Finance in 2012.
At the previous minimum wage of $9 per hour, most of the country's working population would still qualify to be included in the middle class. The $12.50 per hour minimum wage came into effect in T&T in 2011. The previous minimum wage of $9 per hour came into effect in 2005. Prior to that, the national minimum wage was $7 per hour, in effect since 2003. Therefore prior to 2005, minimum wage earners would not have qualified as middle class using the World Bank standard.
Still, according to the World Bank, T&T enjoyed the highest Gross Domestic Product (GDP) per capita in Latin America and the Caribbean during the period 2000 to 2010. (See Figure 3.)
The overarching claim of the report is that “after decades of stagnation, the size of the middle class in Latin America and the Caribbean recently expanded by 50 per cent — from 103 million people in 2003 to 152 million (or 30 per cent of the continent’s population) in 2009.
“Over the same period, as household incomes grew and inequality edged downward in most countries, the proportion of people in poverty fell markedly: from 44 per cent to 30 per cent. As a result, the middle class and the poor now account for roughly the same share of Latin America’s population.”This is in stark contrast to the situation prevailing “for a long period”until about 10 years ago, when the share of the poor hovered around 2.5 times that of the middle class, the World Bank said.
The study, co-authored by Francisco H. G. Ferreira, Julian Messina, Jamele Rigolini, Luis-Felipe López-Calva, Maria Ana Lugo, and Renos Vakis, “investigates the nature, determinants, and possible consequences of this remarkable process of social transformation,”the World Bank said.
The study said: “Such large changes in the size and composition of social classes must, by definition, imply substantial economic mobility of some form. A large number of people who were poor in the late 1990s are now no longer poor. Others who were not yet middle class have now joined its ranks.”
http://www.guardian.co.tt/business-guar ... ddle-class
T&T performed the best in our region in the last decade. I dont know where you were not to have noticed that.
You can fool PNM ppl with that.
This is 2015 and not the period 2000-2010.
Those histological facts don't cover the many self employed and businessmen that are middle class.
Take a look around and notice that in UNC and PP terms you see something that you don't see in PNM terms.
You see Afro pp buying land and building their own homes, plus you see Afro business growing.
Gem_in_i wrote:So those people squatting on river banks etc going be regularised?
redman24 wrote:As a citizen I'm very disturbed by this move by the Government of the day. Every month I work hard and struggle to pay a mortgage along with other recurrent expenses that erode my disposable income. Many years I wore two jeans with two shirts a jersey and one boots to save money to have the downpayment for my home. I still sacrifice to maintain my house. I DECIDED to obey the law, I rented SACRIFICED and eventually owned my own instead of depending on the Govt. Now out of the blue the Govt just gives state land to lawbreakers for FREE.
I have no problem in the Govt improving the living conditions of persons, but not for FREE at the expense of taxpayers at least they should be made to pay a subsidized flexible fee for the land once developed. After all its taxpayers money that will be used to upgrade the lands in these areas. And to read the BS from tuners like zoomrader and others of his ilk who blindly support every single move by this Govt without being objective gets me even more angry.
Regardless of whatever good this Govt has done, my support for them has wained as they have grossly disrespected me and my family and other law abiding and constructive lower to middle class citizens who STRUGGLE and SACRIFICE every month to survive, for as they made this move to win the votes of some 60,000 squatters, they will pay the ultimate price at the hands of us 300,000 plus citizens who struggle every month to PAY our RENTS, MORTGAGES, LAND LOANS, BRIDGING FINANCE FEES, HOUSE INSURANCE ans other f@#%ing fees and charges to OWN and keep our properties legally.
BRZ wrote:And it's now also legal to run PH ? So free land and taxi badges?
RASC wrote:BRZ wrote:And it's now also legal to run PH ? So free land and taxi badges?
Yups
Thanks Kamala
UML et al is of course pleased...
zoom rader wrote:RASC wrote:nos_specialist wrote:poor people get free, rich ppl can buy
the middle class gets raped..level
This govt has always been anti middle class.
What BS to taking about again.
Under the PNM the middle class was almost wiped out.
Just as PNM enslaved the lower income classes they was pressing to enslave the middle class with high and unfair housing tax. Everything under PNM is some sort of tax where the tax payers never benefit.
Lance wrote:Can't believe that people still think that either of these political parties is a viable option.
For decades it has always been a decision of the lesser of two evils. Trinidad and Tobago deserves far better.
88sins wrote:all this gum flappage about squatter regularisation is just that, gum flappage. wil NEVER happen, not under a unc gov't or any other.
this dotish woman really feel ppl just as chupid as she is
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