Maria Fernanda Rivera

 

In 2008, the official unemployment rate in Honduras was 3.5%, lower than the US rate of 5.8% for the same year and more than half of the world average of 7.2%. With such a high percentage of people participating in the labor market, how is it that around three fourths of the Honduran population lives in poverty? The problem lies in the roughly 50% of the employed population working in the informal economy. The informal economy is a low-productivity and low paying sector,...


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