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Chamber says don’t forget middle class

For all the attention paid to people who are unemployed and underemployed, there is concern that not enough is being done to retain and attract middle class workers.

Chamber of Commerce CEO Wil Pineau says Cayman has a robust job market right now, but it is ever evolving.

Chamber says dont forget middle class“The financial services industry is changing,” he said, “We’re going through some growth in tourism sectors likely with the new developments. Health City has some plans to expand. So, really, the job market is shifting in different directions.”

But Mr. Pineau cautions against over-regulating or overcharging current employers because it could put Cayman at a competitive disadvantage in a global marketplace.

“We always have to be mindful of making sure that we’re always competitive, our pricing is competitive, the latest legislation that makes us competitive with jurisdictions around the world. And if we lose that edge, that’s when we become concerned that job loss will follow.”

About the author

Patrick Kreitlow

Patrick Kreitlow

Pat Kreitlow joined the Cayman 27 staff in October 2015. For nearly a decade, Pat was a familiar presence in living rooms across western Wisconsin where he was a reporter and nightly news anchor at WEAU-TV. He later served his neighbors as a state senator. When he and his wife Sharry became “empty nesters,” they moved to Grand Cayman in early 2014. They have two daughters and two grandsons.

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Kirk Freeport – November 2017
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