Co-authored by Joana Silva. As the boom years fade away, Latin Americans are beginning to wonder if they should be worrying about losing the wage and job gains achieved over the past decade or so. To answer them, two key questions first need to be addressed: Is a large part of the job and wage gains of the new millennium at risk of reversal in the current economic slowdown? If smart change is what it takes to address this potential threat, what needs to change? Let's try to answer using Brazil as reference. Why Brazil? Because it is Latin America's largest economy, has significantly expanded the average level of education of its labor force (average years of schooling increased by 50% over a...
↧