A glimpse into the labour market in Latin America

The shortage of decent work in LATAM —one of the hallmarks of the region’s labour markets— erodes current and future well-being for society as a whole. Young people face specific hurdles as they look for productive employment, and labour indicators (such as income, unemployment and job security) are significantly worse for their group than for adults. Young people are also a heterogeneous group: within each age subcategory, their circumstances vary widely by sex, educational level and socioeconomic, ethnic and geographical background. To a certain extent, deprivation is transferred intergenerationally throughout the life cycle, limiting young people’s employment trajectory and, ultimately, forming a barrier to the sustained development of society. Youth employment is therefore a strategic item on the public policy agenda.

 

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