Within the last few ten years, the driver that is largest of GDP development in Latin America is an expansion regarding the labor pool. That’s been tied to some extent in to the participation that is increased of. An average of, over the area, feminine work force involvement expanded from 47% to 52%, based on a McKinsey worldwide Institute report (pdf).
But simply because more women can be joining the workforce doesn’t suggest they have been getting good jobs; to the contrary, reads the report, “women in Latin America are more inclined to take part in the informal, or less productive, economy in the place of using formal, high-productivity, and high-wage jobs. ” The answer, the authors state (pdf), is “raising abilities and raising numbers—the second by eliminating obstacles to ladies who want to work going into the labor market. Read More