In this context, it is crucial that from fiscal 2014 onward base levels of salaries, which have hardly increased since the beginning of the 21st century, are once again raised on an annual basis in a wide range of industries. In Japan, the deflationary mind-set has taken hold as a result of years of sluggish income and prices.
The social partners know what we must do to grow the economy, and each and every Barbadian must remind ourselves that we have the power to contribute to our future prosperity.