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What Is Monopsony and How Does It Affect the Labor Market? 

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In March 2018 we published the first version of this note describing some of the characteristics of monopsony, a phenomenon increasingly present in the labor markets of Latin America and the Caribbean. Six years later, we decided to update this blog with new references and recent data that account for a major market failure and may be one of the causes of persistent low labor … [Read more...] about What Is Monopsony and How Does It Affect the Labor Market? 

Artificial Intelligence: What It Brings and What It Changes in the World of Work 

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We may often feel confused when talking about artificial intelligence (AI) and its relevance today. It is therefore important to be clear that, unlike other automation processes that have been tried before and throughout history, rather focused on repetitive tasks, AI refers to any technology that enables computers to imitate human abilities.  What Is Artificial … [Read more...] about Artificial Intelligence: What It Brings and What It Changes in the World of Work 

Caregivers for Older People in Latin America and the Caribbean: Overburdened and Underpaid 

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In Latin America and the Caribbean, there are currently 8 million older people with care needs, and due to rapid population aging, this figure is projected to triple by 2050. To cater to the needs of older people, there is a workforce of 3 million paid caregivers, and at least 8 million unpaid caregivers in the region.   Yet, the people who provide care for older people—face … [Read more...] about Caregivers for Older People in Latin America and the Caribbean: Overburdened and Underpaid 

What is green employment and how is it changing the labor market? 

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Climate change is one of humanity’s greatest challenges and is driving the entire world towards economic transformation.     We believe that Latin America and the Caribbean can be part of the solution to the challenges associated with climate change at the global level. Our region is a leader in nature and biodiversity: 30% of its energy comes from … [Read more...] about What is green employment and how is it changing the labor market?