The inefficiency of our bureaucracy is at the top of the list of factors that inhibit business activity in Barbados. 2  BIS central bankers’ speeches  A priority item for attention by the Social Partnership is the ever widening gap between unit labour costs and the average worker’s contribution to output.
We live in a globally competitive world, and the engines of our growth will not perform at their best if worker productivity and engagement does not improve significantly. We must close the gap that has worsened over more than a decade, and achieve productivity gains that can be shared with workers.