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Spreading the Benefits and the Burdens

All economies are subject to booms and slumps. The largest economies of the world suffer economic contraction almost in a cyclical fashion. Trinidad and Tobago will not be an exception to the rule given its dependence on oil and gas.

A sustained depression of oil and gas prices between 2014 and 2017 together with lower production levels of these commodities have taken the economy down a path of economic contraction. This economic fact must be met with an ethical response that considers the common good.

All citizens must be prepared to spread the benefits and burdens of booms and slumps respectively. The Trade Union Movement cannot be over-enthusiastic around booms and under-enthusiastic around slumps. This is not social responsibility.

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