RIO DE JANEIRO, BRAZIL – The emergency aid, paid to over 66 million Brazilians last year, represented an expanded employment cost of R$326 billion, according to an unprecedented study by Santander bank.
The Emergency Benefit for Preservation of Employment and Income (BEM), which enabled the reduction of working hours and wages in order to preserve jobs, also contributed to this result. According to the Ministry of Economy, the BEM served ten million workers and 1.5 million companies.
Without programs to assist the population and companies, the employment cost, which includes all income sources of workers, would have suffered a . . .