Oct 16, 2011

Brasil: Labor Market in Construction Sector

The increase in the minimum wage and the labor tight market have been pressing the cost of construction in recent years. Over the past 12 months, the cost of labor rose 10% against 7.3% inflation. The costs of labor in the construction industry have been systematically rising more than inflation, as we can see from the chart below.

Source: FGV and IBGE

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