The issue of wages is debated globally. The pursuit of workers’ social and economic well-being drives negotiations between unions, labor federations, and government representatives. Recent reports from Bloomberg Linea indicate that three countries in Latin America have the highest monthly minimum wages: Costa Rica, Uruguay, and Panama, where salaries are $751, $648, and $637, respectively.

They are followed by Colombia, where workers’ income this year is $548, including the transportation subsidy.

Comparisons with European countries can reveal profound differences that affect the population’s quality of life. According to data from Globalization Partners, Luxembourg currently has the highest base salary in the world, exceeding $3,100 per month.

“This figure, which sets an unprecedented standard, reflects the high cost of living in Europe and legal frameworks designed to protect the financial stability of the workforce,” they note.

Back in Latin America, the differences from country to country are also significant, due to indicators such as inflation and the macroeconomic instability of each nation.

M.Pino

Source: eltiempo

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La entrada Three Latin American countries have the highest monthly minimum wages apareció primero en Bitfinance.

The Venezuelan labor sector has seen its stability reinforced through the extension of the stability regime until December 31, 2026.

The authorities issued the decree through the Extraordinary Official Gazette number 6,868, dated December 27, 2024. Presidential decree 5,070 established labor stability from January 1, 2025 until December 31, 2026, both dates inclusive.

The Minister of Social Work, Eduardo Piñate, made the announcement on the official account of the office on the social network Instagram, underlining the government’s commitment to guarantee the protection of the “right to work as a fundamental process that allows the promotion of prosperity, the well-being of the people and the construction of a just and peace-loving society.”

M.Pino

Source: bancaynegocios

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La entrada Labor stability was extended until December 2026 apareció primero en Bitfinance.

The International Labor Organization (ILO), in its report World Employment and Social Outlook: May 2024 Update, forecasts a decrease in the unemployment rate this year, placing it at 4.9 %.

THE international organization predicts a slight decrease in unemployment, despite the inequality that persists in the labor market, especially with respect to women and wages.

According to the ILO, unemployment will be at 4.9 %, down from 5.0 % in 2023. Likewise, it is expected to stabilize in 2025, with an unemployment rate also at 4.9 %.

The report does not leave aside the issue of the lack of employment opportunities, which persists in the world. In this sense, it estimates the number of people without work but who want to work at 402 million people. The estimate includes 183 million people counted as unemployed.

“The report reveals critical employment challenges that we still need to address. Despite our efforts to reduce inequalities globally, the labor market remains an unequal playing field, especially for women,” said Gilbert F. Houngbo, Director-General of the ILO.

According to the official, to achieve a sustainable recovery with benefits shared by all, inclusive policies are necessary that take into account the needs of all workers. That is, inclusion and social justice must be the focus of policies and institutions.

In the report, figures indicate that “the employment gap for women in low-income countries reaches a staggering 22.8 %, compared to 15.3 % for men. This contrasts with high-income countries, where the rate is 9.7 % for women and 7.3 % for men.”

M.Pino

Source: ILO

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La entrada ILO forecasts slight decline in global unemployment rate apareció primero en Bitfinance.

The unemployment rate in the United States increased two tenths in February, compared to the previous month, to stand at 3.9 %. This is the largest increase since January 2022.

Despite the creation of 275,000 new jobs, in the North American country the employment outlook seems uncertain, since according to analysts reality collides with the “expectations of a resilient labor market.”

The analysis of the situation concludes that Hispanic workers are the most affected by the increase in unemployment, since the rate in this population remained at 5 %, unchanged since January.

It is estimated that “the private sector was primarily responsible for job creation in February, with an increase of 223,000 jobs, while the government sector contributed another 52,000 jobs.”

Against this backdrop, Treasury Secretary Janet Yellen has sought to minimize the impact of rising unemployment, noting that American citizens “receive solid wage increases that exceed inflation.” However, according to analysts, “the labor market could be beginning to show signs of weakness.”

M.Pino

Source: elimpulso

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La entrada Unemployment in the United States increased to 3.9 % in February apareció primero en Bitfinance.

At an event organized by JP Morgan Asset Management, Lucía Gutiérrez-Mellado, the firm’s director of strategy, announced a slowdown in economic growth. However, she stressed that recession has been avoided, and the strength of this slowdown will depend largely on developments in the labor market.

Gutiérrez-Mellado noted signs of weakening in the U.S. labor market, noting that this year has been a surprise, with unexpectedly robust growth in the first half, driven by savings and tax aid that now has limited room to continue supporting the economy. According to her, the future of the American economy will be linked to the labor market.

As for Europe, the director of JP Morgan AM predicted a less pronounced slowdown, in part due to the surprising resilience of the United States.

Gutiérrez-Mellado also highlighted the leadership of raw materials in the last quarter, especially the price of oil, which is influenced by events in the Middle East.

As far as China is concerned, she anticipated that macroeconomic data will reach a nadir before the end of the year and some recovery in economic growth is expected as the Chinese government implements monetary policy measures.

Consequently, Gutiérrez-Mellado emphasized that she will maintain a neutral position in the manager’s portfolios, given the perspective of a low growth environment and a restrictive monetary policy. Furthermore, they will remain neutral in fixed income compared to equities.

Regarding inflation, Gutiérrez-Mellado expressed that, despite some increases in interest rates, they believe that the end of interest rate increases by central banks is near, with the possibility of an additional rise in the United States at best and the conclusion in Europe.

To conclude, she highlighted that the economic scenario is more positive compared to a few months ago, with moderate economic growth and a restrictive monetary policy. Additionally, she announced that the JP Morgan AM markets guide, which used to be updated quarterly, will now be updated daily in Europe, following the same practice as in the United States.

K. Tovar

Source: Descifrado

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La entrada JP Morgan: “The world will avoid economic recession” apareció primero en Bitfinance.

This May 1, when International Worker’s Day is celebrated, there was no increase in the minimum wage in Venezuela, which remains at 130 bolivars; little more than $ 5 per month at the current rate of the Central Bank.

Instead of a salary increase, during the events scheduled for May 1, Nicolás Maduro indicated that an adjustment will be made to the cestaticket or food voucher, and the Guerra Económica bonus received by active and retired public administration workers, in addition to pensioners, through the Patria system.

Maduro pointed out: “We have been improving these months, but we have to continue working. The cestaticket will be increased to $ 40 and the Guerra Económica bonus to $ 30. To this we are going to apply the indexation, in addition to the salary that the working class already receives”.

The $ 70 of these increases will be indexed to the official exchange rate of the Central Bank of Venezuela, with which an amount below 1,500 bolivars is achieved.

It is important to note that the food basket is currently around $ 500 according to analysts from the Venezuelan Finance Observatory, who also place the country’s year-on-year inflation at 501 %.

M.Pino

With information from national and international media and social networks

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La entrada Venezuela remains without salary increase apareció primero en Bitfinance.

The use of social networks in the office is common. It is strange that the workers do not have at least one account on Facebook, Twitter or Instagram. The danger in terms of productivity is that network sharing responsibilities are neglected.

Labor productivity does not have to be at odds with the use of social networks in the workplace. With discipline and good management of free moments, the worker can even earn money through an application or program on a social network.

Among the most current examples related to the good use of social networks, such as Facebook and Instagram, is the creation of a personal brand. On the other hand, there is the ease of marketing personal skills immediately on these platforms.

The creation of an attractive profile, as well as the expression of skills through impressive images or a short video, is the ideal ally for the worker who makes good use of social networks.

Nowadays, even those who are looking for a vacancy have to find multiple vacancies on the social networks Facebook, Instagram and Telegram.

M.Pino

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La entrada Social networks and their importance in the labor market apareció primero en Bitfinance.

In the opinion of Rogelio Ramírez de la O, head of the Ministry of Finance and Public Credit of Mexico, the country will continue to show signs of recovery beyond what was forecast by analysts until the end of 2022.

The CEO of the Ministry of Finance and Credit pointed out during his participation in the Santander Latin America conference that Mexico is showing a growth trend, palpable in the labor sector.

Rogelio Ramírez de la O also highlighted a downward trend in Mexican inflation, which has a positive impact on the stabilization of the economy.

The head of the Treasury and Credit portfolio indicated: “Our country is strongly positioned to take advantage of Nearshoring, considering factors such as non-oil exports, mainly manufacturing and automobiles to the United States, which maintain a significant recovery, in contrast to the decrease that those of China have registered.”

On the other hand, he emphasized the reduction of risk factors for Mexico, which brings encouragement to investment opportunities. One of the areas that has shown strong income has been tourism, “with an increase of 45 % compared to the previous year, followed by exports from the automotive sector and remittances,” according to Rodríguez de la O.

M.Pine

Source: americaeconomia

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La entrada Mexico’s economy will maintain signs of growth apareció primero en Bitfinance.

The German labor market, already affected by a shortage of qualified labor, will lose some seven million workers by 2035 if corrective measures are not taken, according to a study released today.

A study by the Nuremberg Employment Research Institute (IAB) published today points out that the main cause of this phenomenon is that many workers from the so-called “baby boomers” generation (those born between 1946 and 1964) will soon retire.

The problem could, however, be resolved, or at least mitigated, according to the IAB, if labor force participation rates were increased in the active population. For example, among older people and immigrant women and selective immigration will be successfully facilitated.

“By 2035, Germany will lose seven million workers due to demographic change and therefore one seventh of the labor market,” says IAB researcher Enzo Weber, one of the four authors of the study.

“But the contraction can be stopped if all the levers are put in place to keep older people in their jobs, strengthen the professional development of women, attract and integrate immigrants, further reduce unemployment and increase the rate of birth,” emphasizes Weber.

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Source: dpa

La entrada Germany will lose 7 million workers by 2035 apareció primero en Bitfinance.

The metaverse continues to popularize and grow in both the public and private sectors, and the job market is expected to become more efficient, systematic, and affordable for the employees and employers that make up that world.

According to the CIO of the Transforma People & Performance consultancy, Tatiany Melecchi, the metaverse is transforming people’s lives because it is innovating in the sources of employment and optimizing existing jobs around the world.

In Melecchi’s opinion, while people think about the future of work after the pandemic, the “metaverse is gradually becoming part of our reality” and believes that the “future of the job market in the metaverse is more efficient, orderly and economic for employees and employers.”

An investigation carried out by the Indeed portal, between November 2020 and November 2021, concluded that job advertisements where the term “Metaverse” is mentioned increased by 1,042 % during that period.

Challenges and obstacles of the metaverse

The Melecchi consultancy considers that for the implementation of the metaverse it is essential to face and overcome some challenges and obstacles such as the creation and adaptation of workplaces enabled for the metaverse. Employers need to rise to the challenge and embrace and invest in these kinds of advancements.

From her perspective, the metaverse poses some problems that currently cannot be addressed with the existing legal norms. Hence, the need and importance of “discussing and clarifying jurisdictional issues, the risks to confidential information and its security, in addition to the employment situation and working time within this digital universe.”

The World Economic Forum report noted that the metaverse could “eliminate 85 million jobs in the next few years. However, the estimated demand for the metaverse will be higher as there are an estimated 97 million new functions created by the emerging technology, which includes everything related to the blockchain and the metaverse.

“These jobs would largely be in areas like digital marketing, business development and data analysis, which tend to require creative and critical thinking skills,” Melecchi said.

Another challenge to overcome, especially in Latin America, is the quality of the Internet and the configurations used. “The Metaverse will rely heavily on high-speed internet connectivity, quality graphical visualization, sensors and actuators to capture the movement of users, in addition to the high cost of virtual reality hardware, sensors and devices. and augmented reality.

M. Rodríguez

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Source: paralelohoy.com.ar

La entrada The job market in the metaverse will be more efficient apareció primero en Bitfinance.