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Better wages spell less poverty in El Salvador

Friday, February 8, 2019

El Salvador, Chile and the Dominican Republic were the countries that stemmed the overall growth of poverty in Latin America thanks to the increase in earnings achieved by poor households, according to a 2012-2017 study of Eclac, the UN Economic Commission for Latin America.

Country that also contributed were Costa Rica, Panama and Uruguay, but not by means of higher wages rather than by pensions, allowances and similar transfers.

In 2017, the study said that 30 percent of the population of all inhabitants of Latin America were classified as poor, of which one third lived in extreme poverty.