Latin America is the region in the world which registered the slowest income growth since 1995, as pointed out by an ILO report which analyzes wage evolution in the region. In five countries (Brazil, Argentina, Paraguay, Uruguay and Panama), real wages have decreased. A profuse workforce and weak collective bargaining contributed to this wage stagnation. (Ref. 080963)
In spite of economic growth, in a report entitled “Wage Evolution in Latin America, 1995-2006”, the ILO judges the evolution of real wages “insufficient.” This study, presented as a supplement to the recent “Global Wage Report 2008/09” published by the International Labor Office (ILO). The stagnation, or even decrease, of wages exposes workers to decreasing purchasing power say the authors of the text, coming from the ILO’s regional office for Latin America and the Caribbean. This phenomenon sh
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