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JLP caretaker calls for tourism workers to be paid in US dollars

Published:Wednesday | October 28, 2015 | 1:43 PM
Michael Belnavis says paying the workers in US currency would cancel out the effects of devaluation, thereby giving them more spending power.

Jamaica Labour Party (JLP) councillor caretaker for the Ocho Rios division in St Ann, Michael Belnavis, is calling for workers in the tourism sector to be paid in United States (US) currency, as obtains in some Caribbean countries.  

The call comes against the continued devaluation of the Jamaican dollar against the US dollar and other major currencies.

Belnavis says paying the workers in US currency would cancel out the effects of devaluation, thereby giving them more spending power.

He argues that hotels and other foreign exchange earners benefit from devaluation as it takes fewer US dollars to pay staff each time there is a devaluation.

Belnavis believes it is now time for tourism workers to also benefit from devaluation since it is through their hard work that hotels continue to make profits.