“Over the last seven years, our country has achieved various successes in the field of employment. This government recognises that this same success has brought with it several new challenges. Therefore, today we are launching a process of consultation and research so that in the coming months our country will have a new employment policy that looks to the next seven years in order to address these challenges,” stressed the Minister for Finance and Employment Clyde Caruana during a business breakfast with the theme The Labour Market – Looking Back and The Road Ahead.
Minister Caruana said that the measures that have come into force in recent years have been important and have enabled our country to move forward. Among the various successes, Minister Caruana explained how this government has managed to reduce the number of people who were dependent on social benefits by more than half, while it has managed to reduce considerably the number of people who register for work. Various measures have been introduced, such as the introduction of free childcare centres, which have helped to increase the participation of women in the world of work, as well as measures designed to increase the inclusion of people with disabilities.
Minister Caruana said that for the coming years this government will be addressing the challenges that were inevitable after the economic growth that our country has experienced in recent years.
He also said that thousands of jobs have been created in our country for both Maltese and foreign workers and this has brought with it various challenges, such as those related to the country’s infrastructure as well as other challenges, as the labour market has grown exponentially in various areas. In addition, our country has a low rate of people in the low-skilled labour market. Minister Caruana said that our country cannot have strong economic growth and a better standard of living without addressing these challenges.
The minister said that while the government is acknowledging these challenges, it is looking forward with optimism. Thus, a very wide consultation process will be launched with over 200 different entities so that the success that our country has achieved in recent years will be greatly repeated in the coming years.