Working to End Poverty in Latin America and the Caribbean--Workers, Jobs, and Wages : LAC Poverty and Labor Brief, June 2015

While LAC continues its progress towards becoming a middle-class region, in 2013 poverty reduction was slower than in previous years. The bottom 40 percent of the population has also seen decelerating income growth since the 2008-2009 global financial crisis. Driving the lower gains in shared prospe...

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Main Author:	World Bank
Format:	Report
Language:	en_US
Published:	Washington, DC 2015
Subjects:	Commodity boom Labor markets Unskilled labor wage rate equity shared prosperity
Online Access:	http://hdl.handle.net/10986/22016

id	okr-10986-22016
recordtype	oai_dc
spelling	okr-10986-220162021-04-23T14:04:06Z Working to End Poverty in Latin America and the Caribbean--Workers, Jobs, and Wages : LAC Poverty and Labor Brief, June 2015 World Bank Commodity boom Labor markets Unskilled labor wage rate equity shared prosperity While LAC continues its progress towards becoming a middle-class region, in 2013 poverty reduction was slower than in previous years. The bottom 40 percent of the population has also seen decelerating income growth since the 2008-2009 global financial crisis. Driving the lower gains in shared prosperity and poverty reduction is the region’s slowing economic growth. Similarly, after more than a decade of steady decline, inequality has been stagnant since 2010 and remains high. Given the crucial role of labor earnings in poverty and inequality reduction, this report analyzes more deeply LAC’s labor markets and its implications for the region’s social gains going forward. It shows that the region’s push to increase its human capital has yielded dividends; increases in the educational attainment of the labor force are evident across the region. Nonetheless, the substantial growth in wages observed during the last decade was not accompanied by significant changes in the labor market: agriculture and low-productivity, informal service employment continued to be key sources of income for the poor in LAC. Instead, most of the gains were seen in countries that benefitted from the commodity boom of the last decade. As the commodity boom fades and growth wanes, there is a risk that the social gains achieved in the century’s first decade will erode. 2015-06-09T21:41:34Z 2015-06-09T21:41:34Z 2015-06 Report 978-1-4648-0685-8 9781464807053 http://hdl.handle.net/10986/22016 en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Publications & Research Publications & Research :: Publication Latin America & Caribbean Caribbean Central America Latin America
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	Commodity boom Labor markets Unskilled labor wage rate equity shared prosperity
spellingShingle	Commodity boom Labor markets Unskilled labor wage rate equity shared prosperity World Bank Working to End Poverty in Latin America and the Caribbean--Workers, Jobs, and Wages : LAC Poverty and Labor Brief, June 2015
geographic_facet	Latin America & Caribbean Caribbean Central America Latin America
description	While LAC continues its progress towards becoming a middle-class region, in 2013 poverty reduction was slower than in previous years. The bottom 40 percent of the population has also seen decelerating income growth since the 2008-2009 global financial crisis. Driving the lower gains in shared prosperity and poverty reduction is the region’s slowing economic growth. Similarly, after more than a decade of steady decline, inequality has been stagnant since 2010 and remains high. Given the crucial role of labor earnings in poverty and inequality reduction, this report analyzes more deeply LAC’s labor markets and its implications for the region’s social gains going forward. It shows that the region’s push to increase its human capital has yielded dividends; increases in the educational attainment of the labor force are evident across the region. Nonetheless, the substantial growth in wages observed during the last decade was not accompanied by significant changes in the labor market: agriculture and low-productivity, informal service employment continued to be key sources of income for the poor in LAC. Instead, most of the gains were seen in countries that benefitted from the commodity boom of the last decade. As the commodity boom fades and growth wanes, there is a risk that the social gains achieved in the century’s first decade will erode.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Working to End Poverty in Latin America and the Caribbean--Workers, Jobs, and Wages : LAC Poverty and Labor Brief, June 2015
title_short	Working to End Poverty in Latin America and the Caribbean--Workers, Jobs, and Wages : LAC Poverty and Labor Brief, June 2015
title_full	Working to End Poverty in Latin America and the Caribbean--Workers, Jobs, and Wages : LAC Poverty and Labor Brief, June 2015
title_fullStr	Working to End Poverty in Latin America and the Caribbean--Workers, Jobs, and Wages : LAC Poverty and Labor Brief, June 2015
title_full_unstemmed	Working to End Poverty in Latin America and the Caribbean--Workers, Jobs, and Wages : LAC Poverty and Labor Brief, June 2015
title_sort	working to end poverty in latin america and the caribbean--workers, jobs, and wages : lac poverty and labor brief, june 2015
publisher	Washington, DC
publishDate	2015
url	http://hdl.handle.net/10986/22016
_version_	1764449919370788864

Working to End Poverty in Latin America and the Caribbean--Workers, Jobs, and Wages : LAC Poverty and Labor Brief, June 2015

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