Brazil doubled real value of minimum wage during 2000s and added formal sector jobs


NOT DIRECT QUOTE: ...over the 2000s public policies sped growth of jobs with benefits 3 times faster than informal jobs and nearly doubled the buying power of the minimum wage. Also says inequality fell (but not mentioned on the pages cited in source below)

Janine Berg, Laws or Luck? Understanding Rising Formality in Brazil in the 2000s, International Labor Office, Brasilia, 2010, 2, 4. http://www.ase.tufts.edu/gdae/Pubs/rp/BergLaborFormalityBrazil.pdf

#poverty #wealthdistribution #inequality #income #minimumwage #SouthAmerica