Vol. 4 No. 1 (2022): The labor market in specific sectors during the pandemic
The labor market has been substantially punished by the effects of the pandemic. Despite the increases in the minimum wage in 2021 and 2022, these were not enough to offset the unemployment rate, which at times was close to 5%, nor the level of inflation, which during the first half of 2022 was around 7.5%. . Although, there were very affected sectors such as tourism and construction; banking had negative repercussions due to the unemployment of its cardholders. The foregoing caused an increase in the non-payment of credit cards and therefore an increase in uncertainty in the banking sector.