Wage Inequality in Latin America: Understanding the Past to Prepare for ...
But in terms of falling wage inequality, these factors were secondary to growth and rising education. A future with lower growth. While inequality continues to decrease, the pace has slowed since mid-2011. Inequality reduction in countries in South America now looks more similar to that of Mexico and Central America.
Latin America’s Poverty Gains Due More to Higher Wages than Better Jobs
Commodity exporting countries of South America saw real wage gains in all skill levels and sectors —not just trade—; while countries without commodity booms saw wages actually stagnate or fall for all sectors and skills. ... The report found that, if set correctly, the minimum wage can operate as a strong signal for higher wages even in the ...
Minimum wages - World Bank Blogs
South Africa blogger Fodder thinks the minimum wage is too low:. It is a blight on our new democracy that our government says a person can live on such a minute amount of money every month, if one wants to go the minimum wage route then at least ensure the minimum is a livable amount of money.
Improving compliance with minimum wage standards - World Bank Blogs
For countries with intermediate minimum wage levels, compliance rates vary substantially. We see that although the level of minimum wages is similar in Brazil, India and South Africa, compliance is substantially higher in the former than the latter two countries.
Demystifying the Impact of Minimum Wages - World Bank Blogs
David Neumark is Professor of Economics at University of California, Irvine. John T. Addison is Professor of Economic Theory at University of South Carolina.. In recent years, the minimum wage has become an increasingly popular policy instrument to reduce inequality in many emerging markets (like China, Hong Kong, and Cambodia), with others (like Singapore) weighing whether to adopt one.
Should developing countries increase their minimum wages? Guest post by ...
Real hourly minimum wages in this period went from US$0.70 in 2005 to US$1.26 in 2012, and are within range of more than thirty developing countries. On average, Honduran minimum wages increased by 10.8 percent over this period, but variation across the 23 initial categories includes declines of -11.1 percent (because of inflation) and ...
Latin America overcomes poverty with better wages - World Bank
The report found that poverty in Latin America and the Caribbean, defined as living on less than US$4 per day, decreased from 25.3 percent in 2012 to 24.3 percent in 2013, while extreme poverty (US$ 2.50 per day) fell from 12.2 percent to 11.5 percent. ... South American countries that export commodities recorded real wage increases across all ...
What makes for a good minimum wage setting process? Lessons from Greece
Minimum wages affect many workers around the world: 90 percent of all countries have a minimum wage and globally, over 300 million workers are directly affected.Establishing minimum wages can also have an indirect impact on informal workers, most of whom live in developing countries, as their wages are often set based on those in the formal sector.
Too strict? A stocktaking of labor regulations in the Middle East and ...
For example, Lebanon's minimum wage has been unchanged since 2012. They should consider more frequent adjustments, to consider changes in local economic and social conditions. At the same time, a quarter of countries in MENA do not have a national minimum wage for private-sector workers. And when they exist, minimum wages normally exclude some ...