Dear Editor,
The GDP per capita of Guyana in 1992 was US$380 (ref: The World Factbook 1992) and in 2007 US$1,270 (ref: The World Factbook 2007).
That means that the economic wealth of Guyana has grown substantially over the last 15 years.
The fact that this growth rate has not translated into real wealth for most Guyanese is due to the high wages/salaries being paid for services.
The only way that most Guyanese are going to appreciate this wealth increase is when they do a comparison of the way they lived in 1992 to the way they live today. In doing so Guyanese would realise that they have better opportunities to get off the poverty line and to become middle class citizens.
The unions are burning up savings with wage/salary increases above 1%.
That is why there is inflation above 2% in Guyana. And that is why prices keep going up.
Yours faithfully,
Sean Brignandan
