Close Menu
DemocracyGuyana.comDemocracyGuyana.com

    Subscribe to Updates

    Get the latest news from DemocracyGuyana.com

    What's Hot

    Guyana’s President Irfaan Ali Strengthens Global Environmental Partnerships During High-Level Meetings in London with His Majesty King Charles III at Buckingham Palace

    January 28, 2026

    “Putting People First”: Ashni Singh, Guyana’s Finance Minister, unveils a Transformational $1.558 Trillion Budget, Focused on Growth, Relief, and Opportunity. However, the “Gang of 12 PNC members” behaved like spoilt brats in Parliament.

    January 28, 2026

    Canada PM Carney Denies Retracting Davos Comments in Talk With Trump

    January 28, 2026
    Facebook X (Twitter) Instagram
    • About DG
    • Join as Volunteers
    • Become a Member
    Facebook X (Twitter) Instagram YouTube TikTok
    DemocracyGuyana.comDemocracyGuyana.com
    Jet Global Airways
    • Home
    • Diaspora
    • Guyana News
    • Global News
    • Artificial Intelligence
    • Business Opportunities
    • Advertise with us
    • Photo Gallery
    • Videos
    • World Newspapers
    • Contact Us
    DemocracyGuyana.comDemocracyGuyana.com
    Home»Featured»Response to Dr. Terrence Blackman
    Featured

    Response to Dr. Terrence Blackman

    Joel BhagwandinBy Joel BhagwandinNo Comments2 Mins Read42,353 Views
    Facebook Twitter Pinterest LinkedIn Telegram Tumblr Email
    Joel Bhagwandin
    Joel Bhagwandin
    Share
    Facebook Twitter LinkedIn Pinterest Email
    I would like to thank Dr. Terrence Blackman for engaging with my recent presentation on labour market trends and achievements. I welcome robust dialogue on these important matters, and I deeply value the respectful contributions from readers that followed his remarks.
    The professor’s critique, however, sought to discredit my research and findings, albeit unsuccessfully without the benefit of reviewing the full report, which I subsequently shared with him. This is a key point, as my estimates are both conservative and substantiated by multiple independent data sources.
    𝐖𝐡𝐲 𝐭𝐡𝐞 𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐬 𝐇𝐨𝐥𝐝
    𝟏. 𝐒𝐜𝐨𝐩𝐞 𝐨𝐟 𝐄𝐦𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭 𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐞
    o My figures do not yet account for part-time jobs, informal employment, or several productive sectors such as services, manufacturing, and mining. The estimates presented are, by design, conservative.
    𝟐. 𝐂𝐨𝐫𝐫𝐨𝐛𝐨𝐫𝐚𝐭𝐢𝐧𝐠 𝐄𝐯𝐢𝐝𝐞𝐧𝐜𝐞
    o National Insurance Scheme (NIS): The NIS annual reports for the period under review recorded 67,905 new registered employees.
    o Transport Sector: Over 40,000 new vehicles were registered across three key categories: hire cars, minibuses, and lorries. We now have more than 11,000 trucks, which equate to at least 11,000 additional truck drivers over the last four years, and 29,000 hire car and minibus drivers. To be conservative, I assumed in the model that 50% are existing drivers/owners who may have simply upgraded to new vehicles, replacing the old. It is therefore reasonable to assume that 50% are new drivers added to this sub-sector.
    o Self-Employment: The Deeds and Commercial Registry recorded over 60,000 new self-employed registrations between 2021 and 2024.
    𝐓𝐡𝐞 𝐂𝐞𝐧𝐭𝐫𝐚𝐥 𝐏𝐨𝐢𝐧𝐭
    To successfully challenge my estimates, one would have to successfully discredit:
    • NIS employment registration data,
    • Transport registration data for hire cars, minibuses, and trucks, and
    • Deeds and Commercial Registry data on newly registered self-employed persons.
    I am confident that such an argument cannot reasonably be sustained.
    I remain grateful for the constructive and respectful exchanges from contributors and readers alike. Rigorous debate strengthens our collective understanding, and I welcome continued dialogue as we work toward building an accurate and forward-looking picture of our labour market.
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Joel Bhagwandin
    Joel Bhagwandin

    Related Posts

    Guyana’s President Irfaan Ali Strengthens Global Environmental Partnerships During High-Level Meetings in London with His Majesty King Charles III at Buckingham Palace

    “Putting People First”: Ashni Singh, Guyana’s Finance Minister, unveils a Transformational $1.558 Trillion Budget, Focused on Growth, Relief, and Opportunity. However, the “Gang of 12 PNC members” behaved like spoilt brats in Parliament.

    Canada PM Carney Denies Retracting Davos Comments in Talk With Trump

    $1.558 trillion Budget 2026 presented, marks 307% increase in spending since 2021

    Why Cash Grants Are Not Fueling Inflation: A Macroeconomic Perspective

    Iranian government braces for possible attack as US navy arrives in region

    Leave A Reply Cancel Reply

    Top Posts

    The Hollow Ambitions of Nigel Hughes: A Political Opportunist and Exhibitionist with Empty Promises.

    July 11, 2024980K Views

    What do you make of it? by Leonard Craig

    November 18, 2024744K Views

    President Irfaan Ali Emphasises Discipline and Accountability Over Project Delays

    November 13, 2024566K Views
    Don't Miss

    Guyana’s President Irfaan Ali Strengthens Global Environmental Partnerships During High-Level Meetings in London with His Majesty King Charles III at Buckingham Palace

    President Dr Irfaan Ali held high-level discussions in London yesterday, meeting King Charles III at…

    “Putting People First”: Ashni Singh, Guyana’s Finance Minister, unveils a Transformational $1.558 Trillion Budget, Focused on Growth, Relief, and Opportunity. However, the “Gang of 12 PNC members” behaved like spoilt brats in Parliament.

    January 28, 2026

    Canada PM Carney Denies Retracting Davos Comments in Talk With Trump

    January 28, 2026

    Message from the Prime Minister, Brigadier (Ret’d) the Honourable Mark Phillips in observance of International Day of Clean Energy 2026

    January 28, 2026
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    72

    Over 50 poisoned at wedding in Iraq

    8.9

    EAM Jaishankar Meets Guyanese PM Mark Phillips, Discuss Energy, Disaster Resilience And Defence Cooperation

    Most Popular

    The Hollow Ambitions of Nigel Hughes: A Political Opportunist and Exhibitionist with Empty Promises.

    July 11, 2024980K Views

    What do you make of it? by Leonard Craig

    November 18, 2024744K Views

    President Irfaan Ali Emphasises Discipline and Accountability Over Project Delays

    November 13, 2024566K Views
    Our Picks

    Guyana’s President Irfaan Ali Strengthens Global Environmental Partnerships During High-Level Meetings in London with His Majesty King Charles III at Buckingham Palace

    January 28, 2026

    “Putting People First”: Ashni Singh, Guyana’s Finance Minister, unveils a Transformational $1.558 Trillion Budget, Focused on Growth, Relief, and Opportunity. However, the “Gang of 12 PNC members” behaved like spoilt brats in Parliament.

    January 28, 2026

    Canada PM Carney Denies Retracting Davos Comments in Talk With Trump

    January 28, 2026
    Popular Categories
    • Global News
    • Election Rigging
    • Sports
    • Special News
    • Guyana and Private Tenders
    Do you want to associate with us
    • Business Opportunities
    • Advertise with us
    • Contact Us
    • www.democracyguyana.com Guyana – London – India

      For more information, contact us.
    DemocracyGuyana.com
    Facebook X (Twitter) Instagram YouTube TikTok
    • Home
    • About DG
    • Become a Member
    • Join as Volunteers
    • Forum
    • Advertise with us
    DG BRANCHES: GUYANA, USA, CANADA, UK, CARIBBEAN, AND INDIA
    © 2026 DemocracyGuyana.com.

    Type above and press Enter to search. Press Esc to cancel.