S4 Ep4: The Opportunity to Help Independent Workers in Brazil, with Isaac Matzner
Fintech Takes
The Dynamics of Independent Work in Brazil
In Brazil, for the average worker, the all-in cost of paying somebody is 2.2 times their salary. Food vouchers are very common here and there's still kind of a cultural norm around going out to eat with your co-workers. Pejotas: We think in terms of insurance we're talking about something that can also be paid as a benefit. And so it's not so easy to negotiate with 3 million independent people.
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