Panama may have one of the best minimum wages in the region, but, in contrast, the average salary does not correspond to the cost of living.
As a reflection of this situation, 7 out of 10 Panamanians earn less than $1,000 currently, which is an example of the job insecurity people experience considering that it takes $1,800 a month to meet the basic needs of a family.
“We need to see how we can develop new clusters with a higher fee,” José Ramón Icaza Clement, former president of the Chamber of Commerce, Industry and Agriculture (Cciap).
He This Wednesday, the Business Union is organizing a forum on Employment and Entrepreneurshipas part of the Country Agenda 2024-2029 project, in which the presidential candidates are invited to familiarize themselves with the reality of the problem and proposals for solving proposals such as wage inequality and others.
Icaza stated that An important point to be discussed at the forum will be the future of employment which will deal with how the country should prepare for the fact that a significant group of professions will be displaced or transformed by technology, which is already happening.
“Panama must train its workforce for this transition,” warned the businessman.who added that you should especially look for new opportunities in the workplace.
The activity will present two studies formulated by multilateral organizations that have been carried out for the country in order to analyze it regional value chains can be developed to adapt the workforce.
The branch that stands out is healthcareespecially in connection with medical devices and health tourism, the HGK spokeswoman pointed out.
Icaza said one of the main tasks he will face in the next five years, which begin in July this year, is it will build trustfor which there must be a transparent dialogue in which things are said with the necessary honesty.
In this regard, several analysts have suggested that the lack of trust in a country that has been rocked by an economic and social crisis for the past five years has affected recovery did not proceed at the required speed.
In its weekly message on the eve of this forum, the Chamber of Commerce points out that there is an urgent need to formulate, implement and monitor initiatives and policies aimed at creation of quality jobs.
Furthermore, it is considered imperative encourage investment in infrastructuredeepen the diversification of the economy and encourage entrepreneurship.
Source: Panama America
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
