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Gig economy risks Latin American virtual brain drain

Tuesday, August 27, 2019

Subject

The gig economy.

Significance

An increasing number of people across Latin America are earning a living in the gig economy. This raises questions about the implications for labour markets in the region, and well as broader socio-economic impacts.

Impacts

  • The attractiveness of the gig economy will depend substantially on the strength of local currencies.
  • Governments may choose not to be pro-active in collecting taxes from gig-economy workers.
  • A rise in the gig economy will divert skilled workers away from local labour markets, though it could increase their purchasing power.
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