Mexico: Nearly Half of population of 118 million, living in poverty

Posted on August 6, 2014 • Filed under: Economy, Mexico, Social Issues reported almost 14% of employed population receive a wage lower than the minimum wage
Nearly half of its 118 million people living in poverty .
In contrast, the minimum wage of Costa Rica triples (3.18 times) the income equivalent to the poverty line. Mexico, the second Latin America economic power after Brazil, is “the only country in the region where the minimum wage is lower (0.66 times) to the threshold of poverty”, said on Tuesday the Economic Commission for Latin America and the Caribbean (ECLAC). Read Article

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