The International Labour Organization (ILO) has warned of the need to adopt immediate strategies to face the labour crisis caused by COVID-19, which has led to the loss of at least 34 million jobs in Latin America and the Caribbean. The situation could generate an amplification of inequalities in the region even as early indications of recovery have been observed in recent weeks.
“We face an unprecedented challenge, that of rebuilding the region’s labour markets, which implies facing structural failures that have worsened with the pandemic, such as low productivity, high informality, and inequality of income and opportunities of decent work,” said Vinícius Pinheiro, director of the ILO regional office for Latin America and the Caribbean.
During a press conference on Wednesday 9September 30), the ILO released the second edition of its ‘Labour Overview in times of COVID-19: Impacts on the labour market and income in Latin America and the Caribbean’, in which it warns of drastic contraction of employment and income.
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