I seriously doubt that Bahamians will be able to get anything other than a few "servant" type jobs. Look who will own the land and control the operation. Look who will require liability insurance, in a sum few Bahamians can afford, in order to do business.
Look at who will be able to set the rent rates. Often rent has a base and then a percentage of turnover, not profits, turnover. Bahamian entrepreneurs will have a very tough time.
This is for waiters, bar tenders, waitresses, and some maintenance workers. All the real money will go to Disney.
Insted of limiting the number of permits, try upping the education standards in our schools. Make it clear that we, as Bahamians, are not entitled to a job, just because we are Bahamians, but have to show that we are prepared to work.
We must get rid of this attitude that our mediocrity will be protected by government. That is what is killing our economy.
Look to Cayman and Turks & Caicos to see how a more open immigration policy has reduced the unemployment to less than one third of ours.
Economist says...
Whoever negotiated on behalf of the Government should be named and shamed.
On ‘Why should we pick up Lucayan severance bill?‘
Posted 24 October 2018, 1:08 p.m. Suggest removal
Economist says...
Didn't Disney say that they would not hurt the environment? How could they say that when they didn't even know. Now they say that they will do an EIA?
How could Government approve this without the EIA????
And you can be sure no Economic Impact study has been done either.
On Disney’s Lighthouse Point plan impact study to take months
Posted 24 October 2018, 1:05 p.m. Suggest removal
Economist says...
I agree.
Why are we not taxing them?
On Health service funding crisis ends in landmark plan - 2% levy on wages to pay $100m costs
Posted 24 October 2018, 12:58 p.m. Suggest removal
Economist says...
I seriously doubt that Bahamians will be able to get anything other than a few "servant" type jobs. Look who will own the land and control the operation. Look who will require liability insurance, in a sum few Bahamians can afford, in order to do business.
Look at who will be able to set the rent rates. Often rent has a base and then a percentage of turnover, not profits, turnover. Bahamian entrepreneurs will have a very tough time.
This is for waiters, bar tenders, waitresses, and some maintenance workers. All the real money will go to Disney.
Bahamians will get the scarps, nothing more.
On Small Business Centre moves on Disney project
Posted 23 October 2018, 5:05 p.m. Suggest removal
Economist says...
Good points but let's see if the Government got the integrity to do it.
On 'Bolster' bidder disclosure for govt contracts amid woes
Posted 20 October 2018, 10:37 a.m. Suggest removal
Economist says...
I agree. We should do a forensic audit of VAT from day one to now.
We have paid well over a Billion Dollars in VAT so far.
On Political pressure to hand out contracts? Not on my watch
Posted 20 October 2018, 10:35 a.m. Suggest removal
Economist says...
Insted of limiting the number of permits, try upping the education standards in our schools.
Make it clear that we, as Bahamians, are not entitled to a job, just because we are Bahamians, but have to show that we are prepared to work.
We must get rid of this attitude that our mediocrity will be protected by government. That is what is killing our economy.
Look to Cayman and Turks & Caicos to see how a more open immigration policy has reduced the unemployment to less than one third of ours.
On Labour chief eyes work permits cap
Posted 16 October 2018, 2:47 p.m. Suggest removal
Economist says...
A very well presented statement of how this is being dealt with.
None of the cruise ship islands have contributed, in any significant way, to the economy of The Bahamas. A few low paying jobs and nothing more.
The Big Winners have been the Cruise Ship companies. They laugh all the way to the bank as they make money off us Bahamians.
On INSIGHT: A fair process? I don’t think so. Just a Disney roadshow with the government playing dumb
Posted 16 October 2018, 1:41 p.m. Suggest removal
Economist says...
"He also stated that they are looking for Bahamasair to provide airlift for the hotel."
Why would anyone want to use "**Bahamasair the Worlds Most Unsuccessful Airline**"
Think about it. How many airlines can boast that they have lost money for 45 years straight?
They should recommend Bahamasair for the Guinness Book of Records as the longest money losing airline.
On Sunwing's 'madness' airlift contract doesn't deliver
Posted 15 October 2018, 9:33 p.m. Suggest removal
Economist says...
If you had a 90% load factor why would you pull out? How much money was Sunwing extracting from us?
Something does not sound right.
On Sunwing scraps GB air schedule
Posted 12 October 2018, 11:29 a.m. Suggest removal