Three out of 10 workers in Lima cannot cover the cost of the basic basket with their wages.

He labor market in Lima, it continues to recover slowly and under adverse conditions, which has led to an increase in the number of people with wages that do not cover the value of the basic basket.

Over the past three months, 5.1 million workplaces in metropolitan Lima, according to INEI, but of that total, 2.1 million are underemployed.

Of the total number of unemployed, that is, those who work in adverse conditions, about 1.6 million people have an income below 1025 chests, which corresponds to the basic wage.

The Peruvian Institute of Economics (IPE) indicates that this means that 32.3% of workers in Lima do not receive enough income to cover minimum basket consumption, which includes both food and services.

“With this data, the percentage of workers in Lima with incomes below the basic basket has increased for four consecutive months. The figure recorded between November and January is a 12-year rollback excluding the pandemic,” they point out.

But how is the revenue recovery going? The IPE analysis shows that progress is slow as salary the Lima average is only 1.4% higher than the previous year.

The median income in Lima is S$1,803 per month, even 10.1% below what was earned before the pandemic.

This means that the purchasing power workers capital has fallen by more than S/200 since the start of the pandemic,” they say.

They add that real labor income is lower than in 2019 for both men and women, but it is clear that for every S/1 that a man receives for his work, a woman receives only S/0.75.