on November 21, 2014, 11:24 am, in reply to "Some positives for Mexico"Edited by board administrator November 21, 2014, 11:43 am
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It is semi good news (that article is 2 years old). Here is an current article from the same source (The Economist) about Mexican wages http://www.economist.com/news/finance-and-economics/21612255-name-curbing-inflation-government-hurting-workers-stingy-any There seems to be a huge disparity between the wages of Mexican workers in the two articles. The one from 2012 says "According to HSBC, a bank, in 2000 it cost just $0.32 an hour to employ a Chinese manufacturing worker, against $1.51 for a Mexican one. By last year Chinese wages had quintupled to $1.63, whereas Mexican ones had risen only to $2.10." The current article says "It varies by region but currently averages 66 pesos a day." It went from $2.10 an hour to $4.83 a day? I think I need some help figuring this out, I must be missing something besides the fact that one is in manufacturing. Even then, $2.10 an hour is $16.80 ($230 pesos) per day before taxes! http://www.reddit.com/r/mexico/comments/2dmqoi/mexicos_minimum_wage_stingy_by_any_measure/ |
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