3 ms·
Don't measure by minimum wage. By that measure everything is going to look like a huge rise. Despite Mexico being cheaper than USA. About 50% cheaper I would s
by gaastonsr 11y ago
Don't measure by minimum wage. By that measure everything is going to look like a huge rise.
Despite Mexico being cheaper than USA. About 50% cheaper I would say. $120 pesos A DAY (about $7.05 dollars) is an small amount to live with.
- venning 11y agoI don't mean to imply that minimum wage is a valid measure, it's just one of the only measures provided in the article. Perhaps, in some places, 160% of minimum wage is decent. My interest is: "What is a lot in (that part of) Mexico?" In Malawi, for example, $7/day would be life changing. Despite being American, I know far more about Africa and Europe and some parts of Asia than I do my own neighbors to the south and I would like to know more.
- guelo 11y agoMalawi is one of the poorest countries in the world. Mexico is nowhere near that poor. It's sometimes called a "upper middle income" country along with the likes of Brazil and China.
- venning 11y agoYeah. That's sort of my problem. I know a good deal about Malawi and very little about Mexico. Do you know what a passable wage looks like in Mexico? Exchange rates, which are the implicit basis of this article's concern, is a much worse metric than minimum wage.