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Honestly, the economic situation is getting fugly (Mexico), just check Proceso or La Jornada for a quick glimpse into this country transforming into a closer Ch
by sogen 14y ago
Honestly, the economic situation is getting fugly (Mexico),
just check Proceso or La Jornada for a quick glimpse into this country transforming into a closer China.
With extremely low wages (minimum DAILY wage is $5 USD), we have 50% of mexicans living in poverty.
It's a win for USA and a win for mexican politicians, but a loss for all mexicans...
- tokenadult 14y agoThanks for your reply. Do you think most Mexican people will not be enjoying economic progress in their daily lives in the next decade? You mention a win for USA and a win for mexican politicians, but what specific policies are keeping the majority in Mexico, as you see the situation, from having rising real incomes?
- sogen 14y agoThe mix of inflation and low wages alone have stopped the advance of the country for at least 25 years: * "Minimum wages lost 79.11% in the last 25 years": Article link: http://www.eluniversal.com.mx/notas/869263.html http://www.eluniversal.com.mx/notas/869263.html What this means: With current wages mexicans only can buy a THIRD of what they could buy 25 years ago. * Gasoline: Up 36% in six years. * Oh, and the usual is a 45 hour workweek. * Bank interest rates: 46% is usual. 107% is not unheard of (WalMart). link: http://www.apestan.com/cases/walmart-ciudad-de-mexico-distrito-federal-mexico_70242.html http://www.apestan.com/cases/walmart-ciudad-de-mexico-distri... What specific policies? Honestly, it all starts with corruption. It's all over the place.