Wages rising, says Ipea
The gap between poor and rich in Brazil is reduced by better wages, it has been reported.
Figures released by the Institute of Applied Economic Research (Ipea) found a decline of seven per cent in income disparity between the rich and poor in the Latin American country.
The poll – conducted in the city regions of Salvador, Recife, Belo Horizonte, Sao Paulo and Porto Alegre – compared figures from the fourth quarter of 2002 and the first quarter of this year.
People considering buying property in Brazil could be interested to hear the nation’s lesser paid workers are receiving better wages.
Marco Pochmann, the president of Ipea, told the publication the recovery of the minimum wage has caused the reduction in inequality.
It was reported by Mercopress earlier in the week the country is enjoying a period of stability while the rest of the world struggles with the global food crisis.
President Lula said his country was ready to increase food production in order to cater for the world’s needs.
