Cuba to lay off 500,000 in 6 months, allow private jobs
Cuban government says that it will lay off 500,000 state workers and allow more jobs to be created as part of the private secktor of its economy. The Socialist economy is having difficulties keeeping these people with jobs, due to the lack of job availability. President Raul Castro believes the solution would be to expand self-employment and to use this as an alternative for the workers that have no jobs. Cuban citizens are afraid that the jobs they long taken for granted under the communist nation, will no longer be available. However, others believe that in the long run, the new economic changes will increase the capita a person makes which is $20 a month at the moment.
This article is about the economic struggles that Cuba is facing. It is ironic to say that the whole world seems to be suffering from these economic drawbacks. The worldwide economy has been in such turmoil that the two main system of economies dont seem to be working. Both capitalist economy and socialist economy are having drawbacks to the extent that its citizens are the ones suffering. It is crazy to believe that the one perfect economy, that Cuba believed they had is enduring such problems as a capitalist nation like the United States.
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