During the first quarter of 2023, the average income in Metropolitan Lima was S/1,841, which meant a nominal increase of 7.3% compared to 2019 (S/1,716). However, in real terms -that is, adjusted for inflation- it is still 11% below the level pre-pandemicas revealed by the Central Reserve Bank of Peru (BCRP) in its study note […]
Tag: Employment
ILO: Informality hit both young people and women much more in Peru and in Latin America
—One of the main problems in Peru is informal employment. I show you a data scheme where they indicate that 1 out of every 2 employed people in the region is in informal conditions. What can you tell us? —Indeed, 1 out of 2 people is in an informal situation. They are people whose employment […]
Companies must pay overtime if the teleworker works during digital disconnection time
One week after the expiration of the adaptation period for companies to implement the new teleworking law, the National Superintendence of Labor Inspection (Sunafil) recalled that employers must respect the right to digital disconnectionwhich implies that teleworkers are not obliged to respond to communications, orders or other requirements, except for causes of force majeure or […]
What is hikikomori and why is Korea willing to ‘pay’ young people?
The government of South Korea announced that it is willing to give substantial financial support to children and young people in order to fight against hikikomori. But, what is it about? The government is reportedly aiming to register potential beneficiaries, who will receive 650,000 won (about 490 dollars) per month for general expenses. The Government […]
The Netherlands asks its women to work longer hours
The Dutch government has launched a campaign to encourage women between the ages of 30 and 60 to work more hours per week, since Netherlands has the highest number of part-time workers in European average of 26 hours per week, and many female-dominated sectors are understaffed. It is a peculiar campaign in a world where […]
How long would a Peruvian survive if they lose their main source of income?
The coronavirus pandemic severely hit the pocket of the family economy in Peru, where more than 70% of the labor force is informal, according to figures from the National Household Survey (Enaho). During this three-year period —interspersed quarantines and habitual political problems—, lThe purchasing power of citizens has been vulnerable to these emergency situations which, […]
Gender inequality: Peru has the highest disparity gap in Latin America
Regarding social gender equality, Peru is the one with the largest gap in favor of men with 10% compared to women, with a tendency to rise, while the average in Latin America is 7%. This is revealed by the Index of Social Development of Women and Men (Idsmh) in Latin American Countries 2023, prepared by […]
Companies expect to hire fewer workers by mid-year
In accordance with manpowergroupcompanies in the Peruvian market increasingly expect to hire fewer staff by the second quarter of this year, affected by global fear of recession and a rise in inflation. The net local employment outlook is located at 23%, seven percentage points less than what was seen in the first three months of […]
Nobel Prize in Economics: “The increase in the minimum wage does not create or destroy value, it only redistributes it”
In 2021, economist David Card was one of three recipients of the Nobel Prize in Economicswhere he was recognized for his empirical contributions to labor economics, in which he argues that the minimum wage does not destroy employment. Precisely, a few weeks ago, the Spanish Government raised the minimum wage by 8% to 1,080 euros. […]
Population of young people who neither study nor work in Peru reached 19.1% in 2021
The number of the so-called NEETs is 2.2% higher than that registered in 2009. The highest percentage is found in urban areas and the majority are women. The COVID-19 pandemic has had very strong impacts on the Peruvian labor market, especially for young people. According to data from the National Institute of Statistics and Informatics […]