Can Latin America Formalise Work Without Deepening Inequality?
Latin America and the Caribbean face a labour-market contradiction that has persisted for decades: policies designed to protect workers can sometimes make formal employment more expensive, leaving millions outside the systems intended to support them. The Inter-American Development Bank is calling for a broad redesign of labour regulation, social protection and workforce training across the region. Its report, Making Labor Markets Work: Improving Productivity and Workers’ Welfare in Latin America and the Caribbean, argues that governments do not have to choose...
