The fact is too little of the s population are calling too much of the tax burden and obviously this is by design. Spread the tax burden over a broader section of the economy.
Eventually there can be one. If the hike in wages causes sufficient inflation, coupled with business closures and job losses, this can certainly lead to loss of consumer confidence. Once consumers spend less, there will most definitely be recessionary effects in the economy. The severity depends on how quickly and effective corrective measures are put in place. Then to raise minimum wage to $15 and then try to lower it can lead to civil unrest and labor unrest that will create more economic damage. Look around you and check the number of businesses that you deem can afford a $15 minimum wage. It is certainly unrealistic.
My post is not a complaint but a keen observation tand advice to Dion Folkes. Simply that any plans for tourism or expectations for future performance, should take into account, changes in policy in the US that will impact the US economy and, hence tourism. The points you make in reference to my post are pointless.
Well does Fusion beamy to be like Atlantis and call workers back and have to furlough them again or does it want to wait a few more weeks and gradually reopen. It is a tough choice and a difficult decision considering the variables. Staff home, unemployed and idle. Many struggling to feed themselves and stay financially afloat. Buildings and equipment also sitting idle and rapidly depreciating and some equipment may even become inoperable or obsolete.
This government may have to address the question of minimum wage in the near future, probably before Elections. If it used minimum wage as a mechanism to garner votes rather than being realistic and considering the needs of the workers as well as the ability of employers and companies, it will do irreparable damage to the economy that extend beyond the following election. The main economic issue in this country is not minimum wage, but the high cost of living. Reduce the cost of living and you automatically increase the disposable income of every single person that lives or consumes in the country.
Biden’s $15.00 an hour minimum wage is a job killer and will lead to inflation. The smaller and medium size businesses that are the drivers of the economy are going to be hurt the most.. inflation coupled with high unemployment can lead to a recession. Recession means less tourists. During recession people who are employed spend less because they lack job security.
take heed: after months and months of having hardly no new corona cases and no deaths several countries, including Barbados, Cuba, Nigeria and Haiti, are seeing new surges. In fact Barbados is currently under a 15 day lockdown after seeing surges since December where new cases (and deaths) have now surpassed the total numbers since the corona began in March. Take heed Bahamas. Extend the curfews, especially on Sundays, and whilst the US has its restrictions in place. Avoid having to lockdown in a few weeks. PS: Do not make this about personalities and politics.
In the main time, Both the US and the UK are continuing to see consecutive days of declining Corona cases and related deaths. Is this an indication that this virus will disappear by late spring or summer?
There is no way to stop a third wave! Countries like Barbados and Cuba and Nigeria and others that have gone months with no new cases or very few cases and deaths are now seeing spikes and surges. Some say the herd immunity, that can last from a few months to a year has worn off. Some say that those countries were never exposed to the new strains and so are not immune to it. The question is: Is the Bahamas ahead of these countries when it comes to the third wave. What has worked before will work again, but at this time there is too much activity going on on some of the islands, like New Providence especially. and Grand Bahama, to some extent. Non essential activity at that. And Minnis and his government can bight the bullet now and extend the curfews and enforce more stringently crowd control at certain events and places, or face the possibility of lockdowns , at least on New Providence soon. But what if the third wave has already passed over this country and the new cases are just residual?
nonessential? but the staff is still working from home. How can they be nonessential. BUT with all the development going on around that building, especially on the opposite side of the road there are opportunities for that buiilding: It can be gutted and made into a modern office complex. It can also be gutted and made into upscale residences. Or the building can be completely demolished and redeveloped. They got it from government for peanuts anyway.
John says...
The fact is too little of the s population are calling too much of the tax burden and obviously this is by design. Spread the tax burden over a broader section of the economy.
On ‘TOURISM JOBS? I’M OPTIMISTIC’: Foulkes surprises with upbeat forecast while sector braces for crisis
Posted 27 January 2021, 7:57 p.m. Suggest removal
John says...
Eventually there can be one. If the hike in wages causes sufficient inflation, coupled with business closures and job losses, this can certainly lead to loss of consumer confidence. Once consumers spend less, there will most definitely be recessionary effects in the economy. The severity depends on how quickly and effective corrective measures are put in place. Then to raise minimum wage to $15 and then try to lower it can lead to civil unrest and labor unrest that will create more economic damage. Look around you and check the number of businesses that you deem can afford a $15 minimum wage. It is certainly unrealistic.
On ‘TOURISM JOBS? I’M OPTIMISTIC’: Foulkes surprises with upbeat forecast while sector braces for crisis
Posted 27 January 2021, 7:48 p.m. Suggest removal
John says...
My post is not a complaint but a keen observation tand advice to Dion Folkes. Simply that any plans for tourism or expectations for future performance, should take into account, changes in policy in the US that will impact the US economy and, hence tourism. The points you make in reference to my post are pointless.
On ‘TOURISM JOBS? I’M OPTIMISTIC’: Foulkes surprises with upbeat forecast while sector braces for crisis
Posted 27 January 2021, 4:01 p.m. Suggest removal
John says...
Well does Fusion beamy to be like Atlantis and call workers back and have to furlough them again or does it want to wait a few more weeks and gradually reopen. It is a tough choice and a difficult decision considering the variables. Staff home, unemployed and idle. Many struggling to feed themselves and stay financially afloat. Buildings and equipment also sitting idle and rapidly depreciating and some equipment may even become inoperable or obsolete.
On Fusion uncertain of reopening date for facilities
Posted 27 January 2021, 11:23 a.m. Suggest removal
John says...
This government may have to address the question of minimum wage in the near future, probably before Elections. If it used minimum wage as a mechanism to garner votes rather than being realistic and considering the needs of the workers as well as the ability of employers and companies, it will do irreparable damage to the economy that extend beyond the following election. The main economic issue in this country is not minimum wage, but the high cost of living. Reduce the cost of living and you automatically increase the disposable income of every single person that lives or consumes in the country.
On ‘TOURISM JOBS? I’M OPTIMISTIC’: Foulkes surprises with upbeat forecast while sector braces for crisis
Posted 27 January 2021, 10:48 a.m. Suggest removal
John says...
Biden’s $15.00 an hour minimum wage is a job killer and will lead to inflation. The smaller and medium size businesses that are the drivers of the economy are going to be hurt the most.. inflation coupled with high unemployment can lead to a recession. Recession means less tourists. During recession people who are employed spend less because they lack job security.
On ‘TOURISM JOBS? I’M OPTIMISTIC’: Foulkes surprises with upbeat forecast while sector braces for crisis
Posted 27 January 2021, 10:40 a.m. Suggest removal
John says...
take heed: after months and months of having hardly no new corona cases and no deaths several countries, including Barbados, Cuba, Nigeria and Haiti, are seeing new surges. In fact Barbados is currently under a 15 day lockdown after seeing surges since December where new cases (and deaths) have now surpassed the total numbers since the corona began in March. Take heed Bahamas. Extend the curfews, especially on Sundays, and whilst the US has its restrictions in place. Avoid having to lockdown in a few weeks. PS: Do not make this about personalities and politics.
On US quarantine’s ‘door slam’ on Abaco rebuild
Posted 27 January 2021, 9:42 a.m. Suggest removal
John says...
In the main time, Both the US and the UK are continuing to see consecutive days of declining Corona cases and related deaths. Is this an indication that this virus will disappear by late spring or summer?
On Davis: Show us the plan to prevent a third wave
Posted 26 January 2021, 9:47 a.m. Suggest removal
John says...
There is no way to stop a third wave! Countries like Barbados and Cuba and Nigeria and others that have gone months with no new cases or very few cases and deaths are now seeing spikes and surges. Some say the herd immunity, that can last from a few months to a year has worn off. Some say that those countries were never exposed to the new strains and so are not immune to it. The question is: Is the Bahamas ahead of these countries when it comes to the third wave. What has worked before will work again, but at this time there is too much activity going on on some of the islands, like New Providence especially. and Grand Bahama, to some extent. Non essential activity at that. And Minnis and his government can bight the bullet now and extend the curfews and enforce more stringently crowd control at certain events and places, or face the possibility of lockdowns , at least on New Providence soon. But what if the third wave has already passed over this country and the new cases are just residual?
On Davis: Show us the plan to prevent a third wave
Posted 26 January 2021, 9:43 a.m. Suggest removal
John says...
nonessential? but the staff is still working from home. How can they be nonessential. BUT with all the development going on around that building, especially on the opposite side of the road there are opportunities for that buiilding: It can be gutted and made into a modern office complex. It can also be gutted and made into upscale residences. Or the building can be completely demolished and redeveloped. They got it from government for peanuts anyway.
On BTC ‘entertaining’ offers for JFK HQ
Posted 26 January 2021, 9:30 a.m. Suggest removal