ECONOMIST SIR FRANK ALLEYNE says one of the reasons why Barbados was in the current economic mess was the country’s failure to pay workers based on productivity.
Sir Frank, one of the Freundel Stuart administration’s trusted advisers, said yesterday that had the various governments followed through on the productivity focus after the 1991 economic crisis, many of the problems the country faced might have been alleviated.
Speaking at the Democratic Labour Party (DLP) weekly luncheon at the George Street Auditorium, Sir Frank said the centrepiece of the structural adjustment programme was productivity enhancement.
This he said included “working with the social partners, Government and leadership of private enterprise and the worker representatives to devise technologies and ways of measuring and tracking labour productivity and work with the employer class to design models of productivity-related pay”.
