Workforce Training in Latin America
The low skills levels of Latin America’s workforce have led to productivity issues that limit the region’s growth potential.
The low skills levels of Latin America’s workforce have led to productivity issues that limit the region’s growth potential.
Firms across Latin America are complaining about the difficulties of recruiting workers with the technical skills their businesses demand. Lack of adequate skills is becoming a bottleneck for growth in technologically complex industries, harming government efforts to increase investment in strategic sectors of the economy. In Mexico, the energy reform creates opportunities to generate new jobs and educate and train workers in specialized skillsets, but the country will also face challenges in meeting additional demand for skilled labor.