Monday, March 27, 2023

Colombia is the first emerging but also the least productive country in the OECD

Among the curious statistics in which Colombia leads is the list of countries that rise early. According to World Statistics, Colombians wake up on average at 6:31 am, twenty-four minutes earlier than their nearest rivals: the Indonesians, who wake up at 6:55 am

But it does not mean that he is a “first riser” if the country also appears in the barren list. According to the OECD report, those who work the hardest are not ultimately the best performers for the local economy. Colombia is a great example.

Compared to the OECD average, the country contributes only US$19.50 to the local economy for each hour of work. Colombia has been ranked as the nation with the longest working days, the longest working hours, and the most sterile.

“These data reflect the low labor productivity in Colombia, basically with the gap in education and employment in Colombia,” explained Sebastián Trujillo, global data analyst for the OECD. The other least wild countries are Mexico, South Africa, Costa Rica, Chile, Greece, Hungary, Portugal and Poland.

Canada, for example, is another country that also appears on the list of early shoots, but there the day starts at 7:33 am, an hour later than in Colombia. By comparison, Canadians work eight hours less per week than Colombians.

In Ireland, full-time workers work approximately 39.7 hours per week; that is 8.3 hours less than in Colombia. Another country with the greatest labor productivity is Luxembourg. His monthly income is about US$110.80 an hour and his work week is 40 hours, eight less than in Colombia. The prosperity of the European country is considered to be due to its strong economic sector.

“Colombia is the first country in the world according to this report. When the ambassador arrived it was surprising to receive invitations to events that were unheard of before 7:00 am where I come from. Fortunately, good coffee is a good way to start in the morning for the part of Eric Høeg, ambassador of Denmark in Colombia.

According to the OECD, 24 countries work a day of 40 hours or less, such as Austria, Canada, the Czech Republic, Estonia, Finland, Greece, Hungary, Italy, Japan, South Korea, Latvia, Lithuania, New Zealand, Norway, Poland, Portugal, the Slovak Republic , Slovenia, Spain, Sweden and the United States of America.

Australia and Belgium work 38 hours a week, and in France it is 35 hours.

Bill

In Colombia, a bill has already been approved in the previous legislature (2018-2022) to reduce working hours. The adjustment was to reduce the working day by six hours, so that it remains at 42 hours a week, a change that will be gradually implemented in 2026. In this sense, this regulation, 2101 of the year 2021, proposes to reduce it by drops. First, up to 47 hours in 2023; apply a lower cut to 46 in 2024, another adjustment to 44 in 2025, and a final cut to 42 in 2026.

Therefore, in July, the day that the new normal gradation enters into force, the working day in Colombia will be 47 hours, that is, one hour less than the current working day. When this happens, Colombia has the second longest working hours in the OECD countries, with Mexico remaining first; by 2026 it will be the fourth, matching Israel’s line.

Nation World News Desk
Nation World News Deskhttps://nationworldnews.com
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news