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Subject: Hard to get jobs in PNG, Very true, it's not your "save but husait yu save long" Author: Kanopate (Merry Christmas to All) [ Next Thread | Previous Thread | Next Message | Previous Message ] Date Posted: Sun, Dec 14 2008, 12:58:16am In reply to: Freddie 's message, "A Good Article of Thought - Hard to get jobs in PNG" on Sat, Sep 27 2008, 03:16:22am It is indeed sad to see the educated elites of this country become beggars(literally) and never get employed. But the basis for this is the governance and standard it sets. Is the government doing enough to ensure the educated get jobs( That's its job)? A BIG NO! When you read about politicians getting greedy it sets the precedence in the public and private sector. It's a game of survival now (bribery, nepotism, wantok system, you name it) and money speaks louder. The government has to create the opportunities for more investment through sound economic management. Once we have that in place then change will truly happen. Not long ago, a record ten billion kina budget was handed down. How much of this money will actually go towards creating new opportunities for the educated to get jobs? Mi lukluk stap! [ Next Thread | Previous Thread | Next Message | Previous Message ]

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[> Subject: Re: A Good Article of Thought - Hard to get jobs in PNG Author: Peles-Economist [ Edit | View ] Date Posted: Mon, Dec 29 2008, 02:26:41pm Surely unemployment is a chronic disease in the country. While not siding with any side, i would like to offer a few insight into this problem, and how we can address the issue. Some facts: 1. Government employs a steady stream of workers. Unless another government comes in and create another department, employment by the government departments seem to be stagnant. New graduates will always find it hard to enter the public sector because, there is not enough work. The jobs are already occupied. This leaves us with the other major employer in any country, which is the private sector. In any country, private sector is seen to be the engine room for development and employment creation. When the private sector in any economy is thriving, unemployment level goes down. What needs to be done in PNG is to provide a conducive environment for the private sector to flourish. Investment wise, PNG is seen as one of the high risk investment areas, therefore, capital intensive business such as the mineral sector would tend to dominate the private sector business activities. On the other hand we complain about the high unemployment levels in the country and not enough jobs to go by, while on the other hand we tend to create that unstable climate for business to prosper in our country, with all the criminal activities, compensation claims, etc. In a recent tele-conference, between several countries hosted by the world bank office in Port Moresby, Papua New Guinea improved a bit on business confidence index, but, still ranked below such coutries as Colombia etc. Such perceptions can only change when Papua New Guineans become savers and invest in their own country to create more employment. However the trend is that, most well of people in PNG tend to look offshore for investment. When there is low domestic capacity to save, investment in the private sector is minimal, resulting in low business activity and low employment. Its like a viscious cycle. This chronic problem can only be eliminated when local businesses are encouraged to expand and new PNG businesses open up. Currently, the tedency to invest is low as a result of low savings capacity. Universtiy graduates will surely miss out on employment, when the rate of graduates coming out of the tertiary colleges are more than the rate of jobs created each year. few thoughts peles-economist [ Post a Reply to This Message ]