Mexico: Employment no guarantee of escape from poverty

Posted on March 22, 2012 • Filed under: Business, Labor Issues, Mexico

In 2012 there will be 60 million poor, 15 million more than at the beginning of the administration of Felipe Calderón.

While Mexican labor conditions improve according to figures from INEGI, having a job does not prevent poor remains. T he lack of social security and the continued rise in food prices mean that over half of the salary on basic costs are going to survive.

During the last quarter of 2011, there were a total of 50, 273, 465 people are considered within the economically active population (EAP), according to the National Institute of Statistics and Geography (INEGI).

Although 6 million earn only minimum wage, 10 million to 2 minimum wages, and only 3, 986.000 go up to 5 minimum wages.

The low-income wages, prevents people can cope with the expenses necessary for survival, since 55% of their income is used to purchase food and beverages, said Jose Luis de la Cruz, director of the Center Economics and Business Research at the Tecnologico de Monterrey (TEC). Read Article

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