In addition to driving up the number of unemployed people to 14.2 million, the severe recession of the last two years led Brazil to join the global trend of flexibilisation of labour laws in order to further reduce labour costs.
The 56 million young people who form part of Latin America’s labour force suffer from high unemployment, and many of those who work do so in the informal sector. Governments in the region have begun to adopt more innovative policies to address a problem that undermines the future of the new generations.
For the past nine years, 27-year-old Jignesh has been hawking bed sheets on the bustling pavements of Janpath, a major throughway in India’s capital, New Delhi, as kamikaze traffic swirls around him.
Times are tough in this Southeast Asian nation of 14 million people, where over 30 percent of the population lives below the poverty line of a dollar a day. Formal employment is hard to come by and many workers find themselves drifting in the murky waters of the “informal” market, where wages are unregulated and labour laws are seldom honoured.