Latin America Needs Four Workers to Match One American, IDB Finds

Latin America · Economy Key Facts Productivity ratio Latin America’s labour productivity is about 26% of the US level, requiring nearly four regional workers to match one US worker. Formality rate Only 46% of workers in the region hold formal jobs with social-security coverage. Slow progress Informality fell by just ei

Costs of securing bail, procuring legal documents and pursuing their cases have run into tens of thousands of rupees