Cuba focused on better wages and more jobs amid economic reform

Cuba focused on better wages and more jobs amid economic reform
The elimination of salary distortions and the increased job openings in the productive sector are nowadays some of the results of Cuba´s Economic Overhaul, official sources reported.

 

According to the Ministry of Labor and Social Security, Cuba promotes training courses and job offers as part of the Monetary Overhaul, a measure that benefited more than 80,000 Cubans from January 1 to March 3.

In that time, 76,020 people accepted new job options, while 4,508 were linked to training courses.

According to the ministry, 23,374 workers are young and 28,515 are women.

It was detailed that around 126,000 Cubans have so far sought job openings at the ministry´s municipal directorates.

The so-called Monetary Overhaul includes, in addition to eliminating the dual currency and exchange rate, increasing workers, pensioners and social security beneficiaries´ income, as well as doing away of excessive allowances.

In authorities’ opinion, Cuba´s economic reform is aimed at stimulating interest in work.

In fact, Marta Elena Feitó, minister of Work and Social Security, recently reported on expanding over 2,000 jobs that sole traders (private sector) will be able to carry out.

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