Economist: Middle class, poor feeling the pinch

Fr Harris, at Easter Sunday Mass at the Cathedral of the Immaculate Conception in Port-of-Spain said, “It’s no use asking the poor to change, if we are not asking the rich to change also. In all of this (economic downturn) it is always the poor who suffer.

The rich are not losing jobs; CEOs and executive managers are not losing jobs. “Those who lose jobs are always the poor.” Contacted for comment, Sagewan-Alli said the Archbishop was spot on in his assessment as there is a segment of society, comprising well to do individuals, who are not feeling any pinch because of the economic downturn because their pockets run deep.

“However, it is the middle class, the very large middle class and the low income class in the country that is bearing the burden of economic adjustment and the burden of the economic downturn.”