1.7 million Peruvians work more hours than they should but earn a pittance

1.7 million Peruvians work more hours than they should but earn a pittance

INEI warns that despite employment levels recovering to 6.6% compared to pre-pandemic levels, precariousness continues to rise.

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Between September and November of this year, the employed population in Metropolitan Lima amounted to 5 million 291,400 people, 6.6% more than in 2019.

However, the recent INEI report details that In terms of quality, there are gaps to close.

The adequately employed population is 3 million 062,900. Compared to the year before the global coronavirus outbreak, there is a contraction of 5.2% (168,800 fewer workers).

And in The underemployed population – due to insufficient hours (visible) and income (invisible) – was counted at 2 million 228,500 people: 28.8% more than before the pandemic.

Underemployment by income is alarming: 1 million 781,300 citizens work days that equal or exceed the regular day but receive lower income than the average.

“We can say that a person works 80 hours a week but receives a miserable salary. There is no amount. It is a discretionary one. He works a lot but they pay him something miserable“explains Farid Matuk, former head of the INEI.

Meanwhile, Juan Carlos Odar, director of Phase Consultores, maintains that the threshold to consider is the cost of the INEI consumption basket per person, established at S/415.

Finally, the INEI warns that Lower-than-average income affects women more (1 million 092,900) and people between 25 and 44 years old.

ABOUT THE AUTHOR:

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Graduated from the Jaime Bausate y Meza University. In constant learning. Previously in Mundo, but now I write about economics in the newspaper La República.

Source: Larepublica

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