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Brazil’s Recession Has Decreased Workers’ Real Income By 16 Percent In Five Years

By Iolanda Fonseca

RIO DE JANEIRO, BRAZIL - In addition to having killed off jobs, which led to an increase in the number of informal workers, the recession years have also eaten away at the income of workers in most sectors.

Depending on the area of operation, the actual loss (adjusted for inflation) exceeded 16 percent in the last five years. Of the nine private sectors analyzed by the Brazilian Institute of Geography and Statistics (IBGE), five registered a significant drop in monthly employees' income.

Between the first quarter of 2014, before the recession, and the first three months of 2019 . . .

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