| Sumario: | Economic growth has been on the rise in Colombia and surpassed 6% in 2006 and 2007. Has growth been enough to absorb Colombian workers? Jobless growth seems to have marked Colombia’s recent economic history. Over time, periods of high growth in Colombia have been associated with increases in employment. During periods of high growth (1974-80 and 1985-1994), one percent increase in Colombian manufacturing GDP translated into an increase of about 0.3 to 0.5 percent in employment. However, during the most recent growth period (20012005), permanent manufacturing employment simply dropped. Growth in small firms, particularly those in light and heavy industries, producing for the domestic market was the one segment of the economy with employment growth over the latter period.Key Words: Wage trends, employment-wage trade-off, labour market institutions, comparative economic growth.
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