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Last year, three-quarters of the world’s countries had unemployment rates below 10%, according to data from the International Labour Organization. Colombia, where I come from, is in that group.

I initially found Colombia’s relatively low unemployment rate surprising, because it didn’t match what I could see around me: many people doing extremely precarious work.

This chart offers an explanation. It shows, for a selection of countries of different income levels, what share of workers hold informal jobs, meaning work that lacks social protection and basic employment rights (no guaranteed benefits, no formal safety net).

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🔗 ourworldindata.org

I currently live in Peru, and although several municipal and district governments have effective cameras and patrols to control informality and street vending...

It's something that has grown even more in the last decade, and if we add to that the lack of governance, more people are turning to the "Independent" side...

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Many recent (and not so recent) university graduates remain unemployed, refusing to accept that a side hustle brings experience that oftentimes either translates into becoming more employable in formal employment, or succeeds and becomes the main and only hustle.

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