(Michael Molinski is a senior economist at Trendline Economics. He’s worked for Fidelity, Charles Schwab and Wells Fargo, and previously as a foreign correspondent and editor for Bloomberg News and MarketWatch.)
LOS ANGELES (Callaway Climate Insights) — Change is coming to the Latin American workforce, and if workers don’t act now, they will have missed a golden opportunity for labor reform.
The changes that we’re talking about have been the result of five predominant factors happening now in Latin America. Those five factors are:
- The green revolution, as the world continues to prepare itself for climate change
- This year’s global supply crunch, in particular in regard to raw materials
- The increasing rate of integration of Latin America into the global marketplace
- Tight labor markets worldwide
- A potential shift away from right-wing governments and toward more left-leaning or socialist governments
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