September 24, 2020

In Chile, wealth does not reach the middle class, according to metallurgical entrepreneurs

In Chile, wealth does not reach the middle class, according to metallurgical entrepreneurs



Entrepreneurs grouped in the Association of Metals Industries (Asimet) of Chile said on Tuesday that in the country wealth is not reaching the middle class, which "is going down" due to the decline of the national industry.

Dante Arrigoni, president of the employers' organization, said in a meeting of the sector that while in developed countries the middle class covers on average 61% of the population, in Chile it only reaches 47%, according to a recent OECD report ( Organization for Economic Cooperation and Development).

"The quality of life of the sector is going down," said Arrigoni, who stressed that these figures should not cause surprise if you remember that "last year (the economy) of Chile grew by 4% and employment by only 1, 6% ".

"In other words, we can say that in Chile wealth is not reaching the middle class," he insisted.

He added that the weak participation of national manufacturing in GDP (less than 10%, according to various studies), "directly affects the decline of quality jobs and, consequently, the increase in income inequality."

According to the business leader, in developed countries there is consensus that the sector that contributes the most to the middle class to advance and solve the problem of the income gap is manufacturing.

"The jobs of the industry in the OECD countries are higher, in Spain, for example, wages in this sector are 24% higher than in services and construction," he said.

In this framework, Arrigoni called on the legislators that in a tax reform project currently being debated in the Parliament, measures that have an impact on investments for the country's reindustrialization 4.0 (associated with automation and incorporation of large-scale processing) be privileged. of data to the productive process).

"Industry 4.0 is an issue that involves the entire society, it is not just an issue that concerns companies, or an academic elite: it impacts all people transversally and, therefore, should be treated as an issue of State ", he stressed.

If this reindustrialization is not urgently addressed, "it will be the whole society that will be left behind, living in the 20th century as the world advances," he concluded.

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