Social and Economic Impact of Brazil’s 1943 Labour Code

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Summary:

The 1943 Labour Code in Brazil has had a significant impact on the country's labor market and social fabric. The Code introduced protections for workers, including a maximum 44-hour working week and minimum wage standards, and facilitated the development of labor unions. While the Code has improved worker conditions and livelihoods from a social justice perspective, its economic consequences, including potentially reducing labor market flexibility, are a subject of ongoing debate. Effective implementation and addressing informal labor markets remain key challenges in realizing the Code's full potential.