Productivity in the economies of Latin America and the Caribbean, measured as the ratio of GDP to the hours worked by its workforce, will stand at 17.7 dollars in 2021, below the world average (18.9 dollars), reported today the International Labor Organization (ILO).
In 2020, this indicator in Latin America was above that world average, given that the pandemic generally hit the least productive companies and the lowest-paid workers the hardest, says the ILO in its new report on the effects of COVID in the global job market.
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