Going Viral
The economic impact of COVID-19 is unprecedented in size and scope. It has quickly evolved from a health emergency into an employment crisis. It also has far-reaching implications for workers beyond the immediate employment effects, as it most likely has accelerated the transformation process of job...
Guardado en:
| Autores principales: | , , , , |
|---|---|
| Formato: | En linea |
| Idioma: | inglés |
| Publicado: |
Washington, DC: World Bank
2020
|
| Materias: | |
| Acceso en línea: | https://documents.worldbank.org/en/publication/documents-reports/documentdetail/737751601353596777/going-viral-covid-19-and-the-accelerated-transformation-of-jobs-in-latin-america-and-the-caribbean https://hdl.handle.net/10986/34413 https://doi.org/10.1596/978-1-4648-1448-8 |
| _version_ | 1866367391826444288 |
|---|---|
| author | Fattal-Jaef, Roberto Beylis, Guillermo Sinha, Rishabh Morris, Michael Sebastian, Ashwini Rekha |
| author_facet | Fattal-Jaef, Roberto Beylis, Guillermo Sinha, Rishabh Morris, Michael Sebastian, Ashwini Rekha |
| author_sort | Fattal-Jaef, Roberto |
| collection | Publicaciones regionales/sectoriales principales |
| description | The economic impact of COVID-19 is unprecedented in size and scope. It has quickly evolved from a health emergency into an employment crisis. It also has far-reaching implications for workers beyond the immediate employment effects, as it most likely has accelerated the transformation process of jobs that had already started in the region and the world. This book focuses on three important pre-pandemic trends observed in the region—namely, premature deindustrialization, servicification of the economy, and task automation—that were significantly changing the labor market landscape in the region and that have been accelerated by the crisis. While there is still uncertainty about the economic impacts of Covid-19, policymakers need to start planning for a rapidly evolving future that will come sooner than expected. A strong focus on productivity, technology development and adoption, and training in relevant skills will be key to adapting and taking advantage of the new opportunities in the post-pandemic world. Importantly, the accelerated transformation of jobs calls for a rethinking of labor regulations and social protection policies geared towards wage earners employed in the formal sector of the economy. The three trends identified in Going Viral, the effects of the pandemic itself, and the growing reliance on electronic platforms raise doubts that wage employment will increase substantially in the coming years. At the same time, earnings and transactions processed through electronic platforms are more visible to the authorities, bringing an opportunity to increase tax revenue and social security contributions. The flexible regulation of the emerging forms of work in a way that encourages employment, supports formalization, and expands the coverage of social protection to larger segments of the population will be of utmost importance for policymakers preparing for a new and changed world. |
| format | Online Book |
| id | wb-10986-34413 |
| institution | Banco Mundial |
| language | English |
| publishDate | 2020 |
| publisher | Washington, DC: World Bank |
| record_format | dspace |
| spelling | wb-10986-344132025-04-15T11:45:28Z Going Viral Efecto Viral COVID-19 and the Accelerated Transformation of Jobs in Latin America and the Caribbean COVID-19 y la transformacion acelerada del empleo en America Latina y el Caribe Fattal-Jaef, Roberto Beylis, Guillermo Sinha, Rishabh Morris, Michael Sebastian, Ashwini Rekha CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE EMPLOYMENT CRISIS LABOR MARKET TECHNOLOGY ADOPTION SOCIAL PROTECTION POLICY ELECTRONIC PLATFORM DIGITAL ECONOMY DIGITAL DIVIDE FORMALIZATION The economic impact of COVID-19 is unprecedented in size and scope. It has quickly evolved from a health emergency into an employment crisis. It also has far-reaching implications for workers beyond the immediate employment effects, as it most likely has accelerated the transformation process of jobs that had already started in the region and the world. This book focuses on three important pre-pandemic trends observed in the region—namely, premature deindustrialization, servicification of the economy, and task automation—that were significantly changing the labor market landscape in the region and that have been accelerated by the crisis. While there is still uncertainty about the economic impacts of Covid-19, policymakers need to start planning for a rapidly evolving future that will come sooner than expected. A strong focus on productivity, technology development and adoption, and training in relevant skills will be key to adapting and taking advantage of the new opportunities in the post-pandemic world. Importantly, the accelerated transformation of jobs calls for a rethinking of labor regulations and social protection policies geared towards wage earners employed in the formal sector of the economy. The three trends identified in Going Viral, the effects of the pandemic itself, and the growing reliance on electronic platforms raise doubts that wage employment will increase substantially in the coming years. At the same time, earnings and transactions processed through electronic platforms are more visible to the authorities, bringing an opportunity to increase tax revenue and social security contributions. The flexible regulation of the emerging forms of work in a way that encourages employment, supports formalization, and expands the coverage of social protection to larger segments of the population will be of utmost importance for policymakers preparing for a new and changed world. La COVID-19 comenzó como una emergencia sanitaria, pero está evolucionando rápidamente hacia una crisis del empleo. Todavía existe incertidumbre sobre la gravedad del impacto económico de la pandemia. Sin embargo, el lastre para el empleo en la región podría prolongarse más que la propia pandemia. Más allá del impacto inmediato sobre el nivel de empleo, la crisis está profundizando y acelerando la transformación del empleo, anticipando el futuro. Efecto viral: COVID-19 y la transformación acelerada del empleo en América Latina y el Caribe se enfoca en las tendencias subyacentes que han estado cambiando significativamente el mercado laboral en la región: la desindustrialización prematura, la servicificación de la economía y los cambios en las habilidades requeridas en los empleos a medida que avanza la automatización. Las conclusiones de este informe tienen varias implicancias importantes para la política económica. Algunas de estas implicancias están relacionadas con los desafíos de productividad a los que ya se enfrentaba América Latina y el Caribe después del final de la Década Dorada en 2013. Otras implicancias políticas podrían comenzar a ganar relevancia por la crisis de COVID-19. A medida que los sectores se ven afectados de diferentes maneras y el trabajo a distancia se vuelve más común, los Gobiernos deben responder con medidas que apoyen una transformación fluida de los puestos de trabajo, que sean socialmente aceptables y que contribuyan al crecimiento de la productividad, incluida la inversión en el capital humano de la fuerza de trabajo. La transformación acelerada de los puestos de trabajo exige un nuevo planteamiento de la normativa laboral y las políticas de protección social. Los países de América Latina y el Caribe desarrollaron una arquitectura institucional orientada a los trabajadores asalariados del sector formal, que rápidamente se está volviendo anticuada. El informe, por ende, refiere a una agenda política que se ocupe de la regulación flexible de las formas emergentes de trabajo de manera que incentive el empleo y apoye la formalización, ampliando así la cobertura de la protección social a segmentos más amplios de la población. 2020-09-02T16:26:46Z 2020-09-02T16:26:46Z 2020-09-28 Book Livre Libro https://documents.worldbank.org/en/publication/documents-reports/documentdetail/737751601353596777/going-viral-covid-19-and-the-accelerated-transformation-of-jobs-in-latin-america-and-the-caribbean 978-1-4648-1448-8 https://hdl.handle.net/10986/34413 10.1596/978-1-4648-1448-8 https://doi.org/10.1596/978-1-4648-1448-8 English World Bank Latin American and Caribbean Studies; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank application/pdf application/pdf Washington, DC: World Bank |
| spellingShingle | CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE EMPLOYMENT CRISIS LABOR MARKET TECHNOLOGY ADOPTION SOCIAL PROTECTION POLICY ELECTRONIC PLATFORM DIGITAL ECONOMY DIGITAL DIVIDE FORMALIZATION Fattal-Jaef, Roberto Beylis, Guillermo Sinha, Rishabh Morris, Michael Sebastian, Ashwini Rekha Going Viral |
| title | Going Viral |
| title_full | Going Viral |
| title_fullStr | Going Viral |
| title_full_unstemmed | Going Viral |
| title_short | Going Viral |
| title_sort | going viral |
| topic | CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE EMPLOYMENT CRISIS LABOR MARKET TECHNOLOGY ADOPTION SOCIAL PROTECTION POLICY ELECTRONIC PLATFORM DIGITAL ECONOMY DIGITAL DIVIDE FORMALIZATION |
| url | https://documents.worldbank.org/en/publication/documents-reports/documentdetail/737751601353596777/going-viral-covid-19-and-the-accelerated-transformation-of-jobs-in-latin-america-and-the-caribbean https://hdl.handle.net/10986/34413 https://doi.org/10.1596/978-1-4648-1448-8 |
| work_keys_str_mv | AT fattaljaefroberto goingviral AT beylisguillermo goingviral AT sinharishabh goingviral AT morrismichael goingviral AT sebastianashwinirekha goingviral AT fattaljaefroberto efectoviral AT beylisguillermo efectoviral AT sinharishabh efectoviral AT morrismichael efectoviral AT sebastianashwinirekha efectoviral AT fattaljaefroberto covid19andtheacceleratedtransformationofjobsinlatinamericaandthecaribbean AT beylisguillermo covid19andtheacceleratedtransformationofjobsinlatinamericaandthecaribbean AT sinharishabh covid19andtheacceleratedtransformationofjobsinlatinamericaandthecaribbean AT morrismichael covid19andtheacceleratedtransformationofjobsinlatinamericaandthecaribbean AT sebastianashwinirekha covid19andtheacceleratedtransformationofjobsinlatinamericaandthecaribbean AT fattaljaefroberto covid19ylatransformacionaceleradadelempleoenamericalatinayelcaribe AT beylisguillermo covid19ylatransformacionaceleradadelempleoenamericalatinayelcaribe AT sinharishabh covid19ylatransformacionaceleradadelempleoenamericalatinayelcaribe AT morrismichael covid19ylatransformacionaceleradadelempleoenamericalatinayelcaribe AT sebastianashwinirekha covid19ylatransformacionaceleradadelempleoenamericalatinayelcaribe |