by Rick Lowe
Mr. Ferguson recently asserted in the press that The Government should mandate a "redundancy fund that would assist those people and others in their time of need".
He was/is referring to those workers that were laid off as a result of the tough economic times The Bahamas, and the world, are going through at this time.
It might be useful for Mr. Ferguson to review the unfortunate situation that GM, Chrysler and Ford are in as a result of these types of mandates. In a word, it has lead to their near bankruptcy.
Maybe Bahamians should be encouraged to save for a rainy day instead of expecting government or employer handouts.
Government and employers are hurting as much as anyone else in these trying times. It's difficult enough keeping the doors open without the additional burden of "legacy costs" to worry about.
