Latin America Faces a Jobs ‘Time Bomb’ for Young Workers
- Lost positions, hours and wages heavily impacting youth, women
- 26 million jobs lost in region in 2020, most new jobs informal
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Latin American governments need to address a brewing jobs crisis for young workers that further risks the region’s fragile stability, according to the International Labor Organization.
About 26 million people in Latin America lost their jobs last year, according to an ILO report published Wednesday, and the recovery this year is heavily concentrated in all-cash, informal gigs that risk widening income inequality going forward. Young workers, especially women, have endured the lion’s share of lost employment, hours and wages.