Income Inequality in Trinidad and Tobago

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What Happened to Our Country?

In Trinidad and Tobago since the 1980s basically ninety percent of the population has seen no improvement in either wealth or income. Almost all of the Improvement of wealth and income has been in the top 10% and most of that's been in the top 1% and most of that has been the top .1 percent and most of that has been in the top .01 percent. Which means that not only are people not moving forward objectively but the way they experience the world, is that other people are on top

Experts say 27.32% live below the poverty level despite the fact that Trinidad and Tobago has been classified as a high income country by the World Bank. This why the crime rate in Trinidad and Tobago is probably the highest in the Caribbean The group that suffers the most from crime tend to be the poorest and the least powerful members of society and will usually lack the resources to fend off crime.

Trinis no longer believe in the Tini dream and they 're correct not to do so. If you were born in 1940 all your chances of doing better than your parents were about 90%. If you were born in 1980 your chances were about 1 in 2 and it keeps going down.

Economic surplus is essential for Humanity to develop. If we don't have an economic surplus we cannot grow. Not just physically but Also spiritually. We cannot create new literature, film, theater. We need to have surplus in order to be able to invest it in all those activities that make human life richer.

Trini Brain Drain

“There are very few good jobs going around in Trinidad and a lot of university graduates are underemployed or unemployed. We are talking about professionals, young doctors, and young lawyers. In the engineering profession it is acute because UWI keeps churning out engineers every year and the energy sector which is supposed to absorb them has been contracting. I want to say that we are facing an economic crisis in the country which is not being discussed at all at the level of national politics and it’s not being discussed by what Dr Terrence Farrell describes as our unresponsible elites,” he said last week.

People can’t find jobs in Trinidad commensurate with their qualifications and you can’t expect them to stay and become despondent and live off their parents.

The economy is contracting, and a contractionary economy cannot create jobs