70% of Youth in Latin America to Work in Services by 2030

A recent study conducted by Ayuda en Acción and the Economic Commission for Latin America and the Caribbean (CEPAL) projects that by the year 2030, 70% of youth in Latin America will be working in the service sector. This trend is attributed to increasing urbanization and the transformation of economies in the region, where the service sector has shown remarkable growth over the past decades.

CEPAL highlights that the shift towards a service economy is driven by factors such as digitalization, the rise of tourism, and the need for specialized services. This change not only affects the number of available jobs but also their quality, as many of these roles require technical and digital skills that are increasingly in demand in the labor market.

Moreover, the report emphasizes the importance of education and training to prepare youth for these new roles. Training in soft skills and digital competencies becomes crucial for young people to adapt to the demands of the modern labor market.

However, despite these optimistic projections, the study also warns of the challenges facing the region, such as labor informality and inequality. Currently, many young people work in informal jobs that lack benefits and social security, which could hinder progress towards a more stable and equitable labor future.

Governments and organizations must collaborate to create policies that promote the creation of quality jobs in the service sector and that support the continuous training of youth. If these challenges can be addressed, the future of work in Latin America could be more promising for the next generation.