Two posts back, FK said it is explanation 2.
Well, I am not so sure. Employment lost steam last year -- as he himself pointed out in the chart he stole from LCA -- but at the very same time real wages were increasing. This automatically leads us to story 1: participation rate (not sure if it is FIES fault, but anyways...)
Further, the labor demand story cannot possibly be right. I look around and all I see are gloomy entrepreneurs.
Naercio argues that it is labor supply but due to parents' higher wages, not good...
ReplyDeletehttp://cliente.linearclipping.com.br/cnte/detalhe_noticia.asp?cd_sistema=93&codnot=9875320