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 . . .
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