{"id":20401,"date":"2022-08-29T17:05:01","date_gmt":"2022-08-29T21:05:01","guid":{"rendered":"https:\/\/ser.cw\/2022\/08\/29\/ser-curacao-considers-study-on-impact-of-migration-on-labor-market\/"},"modified":"2023-01-24T10:46:14","modified_gmt":"2023-01-24T14:46:14","slug":"ser-curacao-considers-study-on-impact-of-migration-on-labor-market","status":"publish","type":"post","link":"https:\/\/ser.cw\/en\/2022\/08\/29\/ser-curacao-considers-study-on-impact-of-migration-on-labor-market\/","title":{"rendered":"SER Cura\u00e7ao considers study on impact of migration on labor market"},"content":{"rendered":"

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Press release<\/h2>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ background_color=”#d1f0ff” custom_padding=”0px|0px|0px|0px” global_colors_info=”{}”][et_pb_row use_custom_gutter=”on” gutter_width=”1″ make_equal=”on” _builder_version=”4.16″ global_colors_info=”{}” column_structure=”2_3,1_3″][et_pb_column type=”2_3″ _builder_version=”4.16″ background_color=”#fcfeff” custom_padding=”30px|30px|30px|30px” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.16″ border_style=”solid” global_colors_info=”{}”]<\/p>\n

SER Cura\u00e7ao considers study on impact of migration on labor market<\/span><\/h1>\n

WILLEMSTAD, August, 25, 2022 – What is the impact of immigration on the economy of Cura\u00e7ao? What is the effect on government finances? In what way is policy implemented to integrate foreign workers as much as possible into the local labor market? Is this policy in line with the efforts to update and modernize the labor market policy in accordance with the country package (Landspakket), and, if so, how does it relate to the strategic objective of the government to increase the labor participation (of Cura\u00e7ao citizens) during this government period? What collaborations and\/or partnerships can be entered into to effectively respond to the latest developments in the areas of migration, labor participation and labor mobility, among others? The Social and Economic Council (SER) of Cura\u00e7ao is considering drawing up an extensive study on these and related questions. This study is a follow-up to the symposium jointly organized by the Social and Economic Councils of Aruba, Cura\u00e7ao and Sint Maarten on May 9 and 10, 2019, in Willemstad, Cura\u00e7ao, on the central theme Migration and Socioeconomic Development, Policy Challenges and Options.
<\/em><\/p>\n

Meanwhile, as a result of that symposium, SER Cura\u00e7ao has released two foresight studies in 2020 and 2021. The first is about the future of the AOV, in which the financial sustainability of the General Old Age Insurance was analyzed using different migration scenarios (https:\/\/ser.cw\/wp-content\/uploads\/sites\/280\/2020\/03\/036-2020-SER.pdf).<\/a> The second exploration concerns a study conducted by the SER on the contribution of migrant populations to the socio-economic development of Cura\u00e7ao (https:\/\/ser.cw\/wp-content\/uploads\/sites\/280\/2021\/06\/054-2021-SER-1.pdf).<\/a><\/p>\n

As a result of the COVID-19 crisis and the war in Ukraine, global transport costs have risen enormously, as have the prices of fuel and grain, leading to an increase in the inflation rate in Cura\u00e7ao to 5.1% in June 2022 (CBS) due to the strong import dependency. Partly due to these developments, the dynamics in the local labor market have changed. The panorama is still one of unacceptably high unemployment (19.1%), especially among young people (42.2%), although there are hopeful signs on the arrival of new projects, which will increase employment. There are also favorable developments within the hospitality industry – one of the main economic pillars of the island – which are also expected to lead to an increase in the demand for labor.<\/p>\n

The central question here is whether the available labor capacity on the local market, which is currently inactive, can be utilized effectively enough and, if so, which preconditions need to be met; and, if not, which combination of policy instruments (retraining, refresher courses for local people and planned and well-managed migration) can then be deployed. In light of the above, consideration is being given to publishing another study in which these themes will be discussed and their opportunities and challenges for policy, the economy and the labor market, partly with a view to providing possible policy principles for optimizing labor market participation on Cura\u00e7ao in the interest of economic growth.<\/p>\n

How, in what way and within what time frame a start will be made on this study still needs to be discussed.
Of significance is the acknowledgement that a study by an advisory body of the government and parliament of Cura\u00e7ao can make a substantial contribution to the realization of the objectives as contained in the 2022-2025 government program of the current cabinet that is based to a large extend on the coalition agreement 2021-2025, the Country Package and the UN Sustainable Development Goals (SDGs).<\/p>\n

 <\/p>\n

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\"Share\"<\/a><\/div><\/div><\/code><\/pre>\n
[\/et_pb_text][et_pb_post_nav in_same_term=”on” admin_label=”Post Navigation – niet aanpassen” _builder_version=”4.16″ border_style=”solid” hide_prev=”off” hide_next=”off” global_colors_info=”{}”][\/et_pb_post_nav][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.16″ background_color=”#f4fbff” custom_padding=”30px|30px|30px|30px” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_post_title title=”off” meta=”off” admin_label=”Post Title – niet aanpassen” _builder_version=”4.16″ border_style=”solid” global_colors_info=”{}”][\/et_pb_post_title][et_pb_image align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” admin_label=”Extra afbeelding” _builder_version=”4.16″ animation_style=”slide” animation_direction=”left” animation_duration=”500ms” animation_intensity_slide=”10%” border_style=”solid” sticky=”off” always_center_on_mobile=”on” global_colors_info=”{}”][\/et_pb_image][et_pb_image align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” admin_label=”Extra afbeelding” _builder_version=”4.16″ animation_style=”slide” animation_direction=”left” animation_duration=”500ms” animation_intensity_slide=”10%” border_style=”solid” sticky=”off” always_center_on_mobile=”on” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.16″ global_colors_info=”{}”][\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"
Identifying challenges and opportunities<\/p>\n","protected":false},"author":111,"featured_media":20403,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"
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Press release<\/h2>
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SER Cura\u00e7ao considers study on impact of migration on labor market<\/span><\/h1>
WILLEMSTAD, August, 25, 2022 - What is the impact of immigration on the economy of Cura\u00e7ao? What is the effect on government finances? In what way is policy implemented to integrate foreign workers as much as possible into the local labor market? Is this policy in line with the efforts to update and modernize the labor market policy in accordance with the country package (Landspakket), and, if so, how does it relate to the strategic objective of the government to increase the labor participation (of Cura\u00e7ao citizens) during this government period? What collaborations and\/or partnerships can be entered into to effectively respond to the latest developments in the areas of migration, labor participation and labor mobility, among others? The Social and Economic Council (SER) of Cura\u00e7ao is considering drawing up an extensive study on these and related questions. This study is a follow-up to the symposium jointly organized by the Social and Economic Councils of Aruba, Cura\u00e7ao and Sint Maarten on May 9 and 10, 2019, in Willemstad, Cura\u00e7ao, on the central themeMigration and Socioeconomic Development, Policy Challenges and Options.em, lb
<\/em><\/p>
Meanwhile, as a result of that symposium, SER Cura\u00e7ao has released two foresight studies in 2020 and 2021. The first is about the future of the AOV, in which the financial sustainability of the General Old Age Insurance was analyzed using different migration scenarios (https:\/\/ser.cw\/wp-content\/uploads\/sites\/280\/2020\/03\/036-2020-SER.pdf).<\/a> The second exploration concerns a study conducted by the SER on the contribution of migrant populations to the socio-economic development of Cura\u00e7ao (https:\/\/ser.cw\/wp-content\/uploads\/sites\/280\/2021\/06\/054-2021-SER-1.pdf).<\/a><\/p>
As a result of the COVID-19 crisis and the war in Ukraine, global transport costs have risen enormously, as have the prices of fuel and grain, leading to an increase in the inflation rate in Cura\u00e7ao to 5.1% in June 2022 (CBS) due to the strong import dependency. Partly due to these developments, the dynamics in the local labor market have changed. The panorama is still one of unacceptably high unemployment (19.1%), especially among young people (42.2%), although there are hopeful signs on the arrival of new projects, which will increase employment. There are also favorable developments within the hospitality industry - one of the main economic pillars of the island - which are also expected to lead to an increase in the demand for labor.<\/p>
The central question here is whether the available labor capacity on the local market, which is currently inactive, can be utilized effectively enough and, if so, which preconditions need to be met; and, if not, which combination of policy instruments (retraining, refresher courses for local people and planned and well-managed migration) can then be deployed. In light of the above, consideration is being given to publishing another study in which these themes will be discussed and their opportunities and challenges for policy, the economy and the labor market, partly with a view to providing possible policy principles for optimizing labor market participation on Cura\u00e7ao in the interest of economic growth.<\/p>
How, in what way and within what time frame a start will be made on this study still needs to be discussed.
Of significance is the acknowledgement that a study by an advisory body of the government and parliament of Cura\u00e7ao can make a substantial contribution to the realization of the objectives as contained in the 2022-2025 government program of the current cabinet that is based to a large extend on the coalition agreement 2021-2025, the Country Package and the UN Sustainable Development Goals (SDGs).<\/p>
\u00a0<\/p>
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[\/et_pb_text][et_pb_post_nav in_same_term=\"on\" admin_label=\"Post Navigation - niet aanpassen\" _builder_version=\"3.0.87\" border_style=\"solid\" hide_prev=\"off\" hide_next=\"off\"][\/et_pb_post_nav][\/et_pb_column][et_pb_column type=\"1_3\" _builder_version=\"3.0.47\"][et_pb_post_title title=\"off\" meta=\"off\" admin_label=\"Post Title - niet aanpassen\" _builder_version=\"3.0.87\" border_style=\"solid\"][\/et_pb_post_title][et_pb_image align_tablet=\"center\" align_last_edited=\"on|desktop\" admin_label=\"Extra afbeelding\" _builder_version=\"3.23\" animation_style=\"slide\" animation_direction=\"left\" animation_duration=\"500ms\" animation_intensity_slide=\"10%\" border_style=\"solid\" sticky=\"off\" always_center_on_mobile=\"on\"][\/et_pb_image][et_pb_image align_tablet=\"center\" align_last_edited=\"on|desktop\" admin_label=\"Extra afbeelding\" _builder_version=\"3.23\" animation_style=\"slide\" animation_direction=\"left\" animation_duration=\"500ms\" animation_intensity_slide=\"10%\" border_style=\"solid\" sticky=\"off\" always_center_on_mobile=\"on\"][\/et_pb_image][et_pb_text _builder_version=\"3.2.2\"][\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>","_et_gb_content_width":"","_links_to":"","_links_to_type":0,"wds_primary_category":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-20401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"yoast_head":"\nSER Cura\u00e7ao considers study on impact of migration on labor market - 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