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.
“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.”