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dc.titleThe Future of Work in Latin America and the Caribbean: What is the Impact of Automation on Employment and Wages?
dc.contributor.authorRipani, Laura
dc.contributor.authorSoler, Nicolás
dc.contributor.authorKugler, Adriana
dc.contributor.authorKugler, Maurice
dc.contributor.authorRodrigo, Rodimiro
dc.contributor.orgunitLabor Markets Division
dc.coverageLatin America and the Caribbean
dc.date.available2020-12-22T00:00:00
dc.date.issue2020-12-22T00:00:00
dc.description.abstractUntil recently, Latin America and the Caribbean had been left out of the debate about the profound changes that the global labor market is experiencing due to the incorporation of robotics and artificial intelligence. One of the main reasons is that, at least until before the COVID-19 pandemic, technology adoption in our countries had been relatively slow. However, the new technologies adopted in developed countries are having an impact on the labor markets of our region. The international transactions of goods and services that characterize globalized economies make it necessary to take into account not only automation in a given country, but also in a global framework. This sixth issue of the series "The future of work in Latin America and the Caribbean" explores how international trade is transmitting the effects of automation in developed economies to our countries. The publication highlights that the introduction of robots in the United States has negatively affected the level of employment and wages of workers in Colombia and Brazil, while employment in Mexico, which is closely connected to the US economy, has increased. Among all these heterogeneous effects, small firms, young people and women are the most affected by this phenomenon. Download this study to learn more about the opportunities and risks presented by the automation of processes in developed countries. To learn more, visit: https://www.iadb.org/futureofwork
dc.format.extent27
dc.identifier.doihttp://dx.doi.org/10.18235/0002960
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/The-Future-of-Work-in-Latin-America-and-the-Caribbean-What-is-the-Impact-of-Automation-on-Employment-and-Wages.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/El-futuro-del-trabajo-en-America-Latina-y-el-Caribe-Cual-es-el-impacto-de-la-automatizacion-en-el-empleo-y-los-salarios.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectTechnology Adoption
dc.subjectEmployment Rate
dc.subjectFuture of Work
dc.subjectArtificial Intelligence
dc.subjectLabor Force
dc.subjectUnemployment Rate
dc.subjectExponential Technology
dc.subjectLabor Market
dc.subjectWage
dc.subjectWork Automation
dc.subject.jelcodeF16 - Trade and Labor Market Interactions
dc.subject.jelcodeJ01 - Labor Economics: General
dc.subject.jelcodeJ23 - Labor Demand
dc.subject.jelcodeJ20 - Demand and Supply of Labor: General
dc.subject.jelcodeJ30 - Wages, Compensation, and Labor Costs: General
dc.typeMagazines, Journals and Newsletters
idb.identifier.pubnumberIDB-JN-00106
idb.operationRG-T3249
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