The untapped skilled labor of Latin America

Rodrigo Lluberas

Research Reports from Watson Wyatt Worldwide

Abstract: Increasingly offshoring is concentrated on IT and business processes rather than on manufacturing. Multinational companies have focused primarily on offshoring skilled work to Asia rather than to Latin America and the Caribbean (LAC) countries, neglecting the region's considerable supply of skilled labor. This study projects LAC's skilled labor supply up to 2020.Our study shows that as LAC countries reach the next stage for their demographic transition, a slowdown in population growth rate is expected suggesting that these economies will face the problems posed by an aging population in the decades ahead. Our results also indicate that LAC countries have gradually lost their lead when it comes to year of formal education, being surpassed by other developing countries such as Korea or Taiwan.

Pages: 17
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