An unemployment rate of 11.4 percent represents a sizable portion of the labour force without the opportunity to pursue their own economic prosperity and contribute to the creation of wealth in the economy. Lawmakers concerned about improving the economic and social well-being of families and economic growth should adopt policies that would stimulate the economy, encourage private investments and create job good paying jobs.
Our country is diverse, blessed with an abundance of natural resources, strategically located, and full of untapped potentials. Yet, far too many hard working Guyanese live in poverty, cannot afford to send their children to school or invest in their future, have low-paying jobs, and are less hopeful about ever escaping the vicious cycle of poverty. Through our analyses of employment, incomes, and overall economic security, the Budget and Policy Institute seeks to highlight policies or a lack thereof that may be contributing to such poor outcomes and potential policy approaches for helping low- and middle-income Guyanese to succeed.