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Published 14 days ago

Miguel Lorca's column: “Help people pay better” - La Tercera

Summary by La Tercera
In the absence of market distortions, wages tend to reflect the value of labour productivity. Although there has been a stagnation of real wages in Chile over the past 10 years and the percentage of GDP destined for wages today is 83% as compared to 1990, this is a global phenomenon explained by multiple and complex factors: technological progress, globalization, change in the productive matrix, less economic growth, less unionization and collec…

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Miguel Lorca's column: “Help people pay better” - La Tercera

In the absence of market distortions, wages tend to reflect the value of labour productivity. Although there has been a stagnation of real wages in Chile over the past 10 years and the percentage of GDP destined for wages today is 83% as compared to 1990, this is a global phenomenon explained by multiple and complex factors: technological progress, globalization, change in the productive matrix, less economic growth, less unionization and collec…

14 days ago·Chile
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