Boric's New Employment Subsidy: Will it Boost Chile's Economy?

Santiago, Chile – June 4, 2025 – President Boric's recent announcement of a new subsidy aimed at boosting youth and female employment in Chile has sparked debate. Experts like Carmen Cifuentes of ClapesUC offer insights into its potential impact. "The current system of subsidies isn't effectively incentivizing hiring," Cifuentes explains, highlighting the need for economic dynamism. The initiative is presented as a positive step, although concerns remain about its effectiveness in a sluggish economy. The long-term effects of this policy remain to be seen, but the discussion underscores the ongoing efforts to address economic challenges in Chile.