Labor Day 2024: In Peru, 4 out of 10 workers earn less than the minimum wage

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Labor Day 2024: In Peru, 4 out of 10 workers earn less than the minimum wage

Labor informality fell to 71.1% in 2023. According to the 2023 Working Conditions Index prepared by ComexPerú, four out of ten Peruvian workers receive less than the minimum living wage (7.6 million). In Puno, Huancavelica and Cajamarca, the proportion increases to 7 out of 10. Although informality fell from 74% to 71.1% from 2022 to 2023, this “progress” was due to the loss of more than 600,000 jobs in the informal sector. For example, more tha…