In this episode of the Caribbean Business Review, we examine Jamaica’s evolving labour market and the structural reforms now underway.
In conversation with Pearnel Charles Jr., Minister of Labour and Social Security, the discussion moves beyond headline unemployment figures to interrogate deeper system dynamics—skills mismatches, labour shortages, and the growing role of informality and gig work.
As unemployment declines, employers continue to report difficulty finding workers. This episode explores whether the constraint is no longer job creation—but productivity, workforce readiness, and system alignment.
We also examine the introduction of unemployment insurance, the modernisation of social protection systems, and the challenges of formalisation in an economy where a significant share of workers operate outside the formal structure.
At its core, the conversation asks a fundamental question:
Is Jamaica transforming its labour system—or incrementally upgrading an already constrained structure?
Key Themes
- Labour market tightening and structural mismatches
- Productivity as the binding constraint on growth
- Unemployment insurance and income stabilisation
- Informality, gig work, and workforce formalisation
- Social protection reform and demographic pressures
- Workforce readiness, mindset, and competitiveness
CBR Briefing: The War Gap — When Oil Prices Stop Reflecting Reality
In this week’s CBR Briefing, we examine a critical shift in global energy markets.
Oil is no longer priced as a single system. A growing divergence between financial benchmarks and physical crude markets is creating what we define as the “War Gap”—a widening gap between market expectations and real-world delivery costs.
For the Caribbean, this is not theoretical. It is being transmitted directly into energy costs, inflation, and economic stability.
The implication is clear:
the constraint is no longer price—but access, as logistics, insurance, and system fragmentation embed a structural geopolitical trade tax into the economy.
Why This Matters
Caribbean economies operate within globally priced energy systems and externally driven labour dynamics. As both systems come under pressure, the region faces a dual challenge: improving internal productivity while navigating rising external constraints.
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Caribbean Business Review
Insightful talk on Caribbean economics, business & strategy.