The World Bank warned of jobs fall

The World Bank warned of jobs fall -

The World Bank warned that the labor market and reducing inequality Latin America and the Caribbean are at risk as a result of the economic downturn and amid the fall in the external market, which encouraged governments in the region to carry out structural reforms, including adjusting the exchange rate and fiscal accounts without affecting investments and social policies.

the recommendation is one of the highlights of the report on employment, wages and slowing the multilateral entity presented today in Lima as part of the annual meeting of the World Bank and the International Monetary Fund (IMF), which estimates that the average growth for Latin America and the Caribbean is 0 and that the forecasts for 2016 reflect "increasing uncertainty" over the global economy.

the region faces "a difficult and adverse external environment" that the last ten years when "great growth and deep social transformation" and this scenario, which "is expected to stay long, is already affecting employment" was recorded summed up the World Bank Vice President for Latin America and the Caribbean, Jorge Familiar, who introduced the report by the head of the entity economist for the region, Augusto de la Torre.

the slowdown in Latin American economies, which achieved a significant increase in employment, particularly in South America, and improvements in wages, is now generating "out of the labor force, mostly young people, especially men with little training "but still" not rises in unemployment rates was recorded, "said De la Torre.

De la Torre said, moreover, that this trend of job loss can impact on the distribution of the wealth, because "the salary was the main engine for the region fell inequality" from that since 00 "the distance between the best and worst paid shrank to raise wages of workers with worse rating."

Source: Telam

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