Monitor this situation.
Unsubscribe anytime.
[SITUATION] · [QUIET] · [BUSINESS]
2 clusters · 2 sources · 15 days · First seen · Last updated
Ecuadorian labor market precariousness and upskilling
Overview
Ecuador is experiencing significant labor market challenges characterized by widespread precariousness. Analysis indicates that 75% of the economically active population works under precarious conditions, with 56% earning below the minimum wage and 86% unable to afford a basic food basket.
Looking toward 2030, the labor market faces a major transformation. Projections suggest that 39% of current job competencies will change, a shift expected to create 170 million new jobs while displacing 92 million workers. To address these changes and mitigate talent shortages, 85% of companies plan to focus on continuous training, prioritizing upskilling and reskilling over salary increases.
In response to these evolving professional requirements, the International Organization of Youth for Ibero-America has partnered with the International University of Valencia to launch a scholarship program. This initiative offers grants to Ecuadorian professionals in science, technology, and business fields to support advanced studies.
Entities
World Economic Forum · Juan Pablo Jaramillo · Diego Carrión · Organismo Internacional de Juventud para Iberoamérica · ManpowerGroup
Timeline
-
29 days ago
[BUSINESS] 2 sourcesEcuadorian professionals face major labor market shifts by 2030Ecuadorian professionals face a shifting labor market where 39% of current skills may transform by 2030, driving a major focus on upskilling and new educational scholarship opportunities.
-
about 1 month ago
[BUSINESS] 2 sourcesEcuador faces widespread labor precariousness and urgent upskilling needsEcuador's labor market shows high precariousness, low wages and food‑basket insecurity, while future skill shifts demand massive upskilling; scholarships aim to help professionals meet 2030 job changes.
Sources
empresariales.net · expreso.ec