Labor Market Challenges in Central America

Informality, access to social services and lifelong learning are some of the aspects on which the region's economies must focus in order to improve labor market conditions.

Tuesday, March 26, 2019

Representatives of the International Labor Organization (ILO) presented in San José, Costa Rica, the report "Working for a brighter future", prepared by the World Commission on the Future of Work, which describes the factors that affect work in the countries of the region.

According to the authorities, the future of work will be based on the fourth industrial revolution, which implies digital transformation, new ways of producing, greener and more sustainable economies.

You may be interested in "Changes the Labor Market Needs"

Eleconomista.net reviews that "... The deputy director of the ILO for Central America, Haiti, Panama and the Dominican Republic, Leonardo Ferreira, explained that 'there is no other way but to recognize that there are structural problems, but that there are also new factors of change that must be incorporated into the discussion. The future of labor is a great challenge and is much more challenging in economies whose labor markets have structural problems to face, factors that we then have to correlate with the situation of each country, regarding its productive figure and labor relations. That is something that has not been done'."

The article adds that "... Costa Rica has moved toward exploring services and exporting medical devices, while El Salvador is investing in a technological city, but has much more traditional ways of producing, reflecting that each country has different demands. Taking the report into account, it is important that countries analyze their economic context and their productive matrix, so they can focus their economic development and therefore their labor force, which also strengthen capabilities."

See ILO report.

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