No menu items!

Latin America’s real wages fall back as inflation advances in 2022

Despite the job recovery that Latin American countries achieved in 2021 and the economic rebound they saw, real wages in the region fell by 6.8% last year compared to where they were in 2019, according to a recent report by the International Labor Organization (ILO) and the Economic Commission for Latin America and the Caribbean (ECLAC).

On average, the region's economies grew by 6.6%, and employment recovered to 6.8% in 2021. Still, the rapid growth of inflation caused workers to lose purchasing power, especially those who only access a minimum wage.

Even today, inflation continues to . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content