Lack of skills? Or lack of jobs? Colombia’s challenge of creating good ...
Between 2009 and 2014 average wages for high-educated workers (completed secondary education or above) rose by close to 9 percent before dropping by 7 percent between 2014 and 2019 (Figure 1). The unemployment rate followed a similar trend, displaying first a decline during the first half of the decade followed by an increase in the second half ...
Pandemic Crisis Fuels Decline of Middle Class in Latin America and the ...
WASHINGTON, June 24, 2021 – The COVID-19 pandemic pushed 4.7 million people out of the middle class and into vulnerability or poverty in Latin America and the Caribbean (LAC) last year, likely reversing decades of social gains, according to a new World Bank report. The impact was even more dramatic if the effect of a massive, temporary social transfer program in Brazil is excluded from the ...
One in every four Latin Americans is covered by programs such as the ...
The benefit is paid to 13.8 million families—whose income per person is below R$ 140 a month—under two conditions: the children have to attend school, and all need to visit the doctor regularly. Brazilians assisted by the Bolsa Família are not alone. 129 million people from 18 countries within Latin America and the Caribbean —nearly a ...
How to increase compensation for health workers during COVID-19
The data that the World Bank has for 10 countries in Latin America and 27 in the European Union shows that while health care workers do enjoy a premium over workers in other sectors of the economy, the premium decreases with country income levels. ... but a good rule of thumb is that it should be a minimum of 20 percent of gross wages. However ...
Should public sector wages be cut to finance coronavirus response?
14. Public sector wages and the coronavirus response. Governments all over the world are undertaking emergency financing measures to support their response to the COVID-19 pandemic. One question that has emerged in policy discussions is whether, and in what circumstances, reductions in the public sector wage bill, which accounts for roughly 8% ...
Entrepreneurship is the trend in Latin America - World Bank
Young people and experts agree that the road to entrepreneurship is lined with obstacles and that Latin America faces a major cultural roadblock: an aversion to risk. “We have to overcome the stigma of failure. It should not be viewed as an end but rather as one more step in the learning process,” says Quijada Torres.
Promoting Wage Equality in the Labor Market in Africa: a Moral Imperative
While wage and occupational inequalities persist on the continent, progress has been made. Africa’s development cannot take place without gender equality. In addition to being a moral imperative, achieving wage equality is the best strategy to foster inclusive development. In Nigeria, for example, it is estimated that greater participation of ...
March 2021 global poverty update from the World Bank
In contrast, spurred by the conflicts in Yemen and Syria, the Middle East and North Africa region has seen a sharp reversal, with the poverty rate increasing from around 2.1% in 2013 to 4.3% in 2015 and 7% in 2018. In Latin America, poverty has largely stagnated, remaining at around 3.7% between 2015 and 2019.
Poverty and exclusion among Indigenous Peoples: The global evidence
By compiling national survey data from ten countries in Latin America, Asia, and Africa, the study is able to assess poverty rates and trends for about 80% of the world’s Indigenous population. We cast a wide net by including all peoples - data allowing - who satisfy any definition of being indigenous, as set forth by a government ...
Skills Development in a Global Context: Towards a Future Ready Workforce
Across South Asia, skills development is a common concern. In India, for example, the Government launched a sweeping reform targeting skills training for 400 million workers by 2022. We see similar trends in other countries in the region, as well as in many developed and developing countries around the world.