Thursday, 22 October 2020

The Impossible Costa Rica

Economic-Growth-In-Costa-RicaQCOSTARICA – The unemployment rate now reaches 10% in a population where 60% of workers did not complete high school, but teachers refuse to be evaluated on their ability in subjects they teach.

An article in Nacion.com cites statements by Victor Morales, Minister of Labour, on the rising unemployment levels in Costa Rica: “…There is a mismatch between supply and demand in the corporate sector. There is a demand for skilled technicians; but most of the Costa Rican labor force is unskilled. 60% have not finished high school; it is a national drama. ”

In these cloudy days of the Costa Rican economy, experts point to – depending on their area of expertise – various causes of these bad times, and forecasts are dreamt up using analysis of decisions made by the Federal Reserve of the United States, and whether Greece will leave the Euro, passing through the smoke with which the Central Bank of Costa Rica applies its exchange rate management and always longing for Intel and crying over its departure.

What’s weird is that these experts do not indicate structural problems affecting the Costa Rican economy, especially the relative loss of competitiveness, even at the regional level, of its workforce, not only because, as expressed by the Minister for Work – their qualifications are not suitable for the chosen development model, but because the labor market is totally distorted by wage policy, or lack thereof, on the part of the state, which pays much higher wages than the productive sector can afford.

- paying the bills -

The development model followed by Costa Rica should be underpinned by a constant effort to improve the educational system, which even though it consumes a relatively small percentage of GDP is not currently up to scratch for generating the skills needed in the country’s workforce.

(Via Centralamericandata.com)

- paying the bills -
- paying the bills -
Rico
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Marchamo reduction enters crucial stage in Congress

QCOSTARICA - The race is for a reduction of the property...

Parks opening begins: Mora announced reopening on November 1

QCOSTARICA - Last month, the Central Government announced that the reopening...

MOST READ

Recent trend of the R rate in Costa Rica

QCOSTARICA - The R rate of COVID-19 in Costa Rica, estimated with the most recent data from October 21, 2020, is R = 0.98...

COVID-19 in Costa Rica: 1,166 new cases for Oct 17

QCOSTARICA - As of October 17, Costa Rica registers 1,166 new cases of COVID-19, of which 299 are by epidemiological link and 867 by...

The Marchamo dilemma

OPINION - In less than two weeks, on November 1, unless there is a setback, the 2021 Marchamo goes on sale. Some publications on social...

Drive-thru PCR Testing at Clinica Biblica

QCOSTARICA - Those who need a COVID-19 PCR test can now do without having to get out of their vehicle at the Hospital Clínica...

Mexico vows ‘cleanup’ after ex-defense chief arrested in US

Q24N - President Andres Manuel Lopez Obrador said on Friday that he would not tolerate members of his government that may be linked to...

Costa Rica opens air borders to ALL countries in November

QCOSTARICA -  As of November 1, Costa Rica will open its air border to all countries. To date, tourists from only a select number...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.