Immigration into Chile leaped 24 percent last year as Latin America’s wealthiest country attracted workers from countries such as Peru, Colombia and Spain, easing pressure on wages as the jobless rate fell.
The number of people obtaining temporary or permanent residency visas rose to 158,128 in 2013 from 127,362 the year before, according to a report by the Immigration Department. Peruvians accounted for 57,818 of the new arrivals, while Colombians represented 30,137 and Spaniards 5,739, almost double the year before.
The influx of foreigners accounted for much of the 183,240 increase in the workforce last year, helping to keep wage growth to 5.5 percent over the 12 months, said Hermann Gonzalez, an economist in the local unit of Spain’s Banco Bilbao Vizcaya Argentaria SA.
Read full article…