The reality of Trinidad and Tobago’s economic situation is becoming visible at every corner of society. Corporate sponsors and businesses are sending indirect signals that profit margins are tightening, cash flow is slowing, and unemployment remains a serious concern.
Citizens are increasingly spending only on basic necessities, yet we continue to hear that the economy is progressing rather than experiencing a recession. Should we ignore the warning signs staring us in the face?
Higher food prices, rent, transportation, utilities, taxation on businesses and consumers, online purchases, alcohol, and other everyday expenses are squeezing household budgets. Internet costs are rising, while landlords and businesses face additional tax burdens. Meanwhile, energy-sector cutbacks, corporate restructuring, and reports of state enterprises being sold are adding to public concern.
When major companies such as Massy announce cuts, and the energy sector faces challenges, the consequences extend beyond boardrooms. They affect workers, families, small businesses, and the wider economy. Every job lost means less money circulating in the marketplace.
We are also hearing talk of reducing the public service, accompanied by harsh comments about lazy workers. Before any drastic action is taken, there must be proper sensitisation, consultation, and a fair assessment of productivity. Government must distinguish between genuine inefficiency and hardworking public officers who keep essential services operating.
The Government must not wait until unemployment rises, businesses close, and families can no longer cope before acknowledging the seriousness of the situation.
We need honest communication with the population, meaningful measures to ease the cost of living, policies to stimulate business activity, and a clear plan to protect jobs while improving productivity.
Economic progress must be measured by what citizens experience in their pockets, their homes, and their daily lives. not merely by official statements.
The warning signs are everywhere. Let us face reality, prepare the nation, and act before the hardship becomes even greater.
GOD BLESS TRINIDAD AND TOBAGO.
Gordon Laughlin,
Westmoorings
