Por Miguel A. Kiguel
Todos sabemos cómo funciona el cepo, y hemos aprendido a vivir con tasas de interés reales negativas, a usar el dólar Contado con Liqui para eludir los controles...
Employment grows, but so do unemployment and informality
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Employment grows, but so do unemployment and informality
Fourth week
June 2019
In the first quarter of the year, there were around 200 thousand more jobs than one year ago, despite GDP dropping 5.8% during that same period. Real wages acted as a great buffer for unemployment. In effect, the economy did not destroy employment in absolute terms, in a context in which there is a hard fall in the activity, mostly because real wages averaged a 12% annual fall during that same period. This aspect is not a novelty and has repeated itself during the last recessions.
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